Interval Partners LP Buys Shares of 84,146 Affirm Holdings, Inc. $AFRM

Key Points

• Interval Partners LP has made a new investment of approximately $3.8 million in Affirm Holdings, acquiring 84,146 shares of the company.
• Several hedge funds have increased their stakes in Affirm, with Price T Rowe Associates Inc. boosting its holding by 140.8% in the 1st quarter.
• Affirm reported earnings of $0.20 per share, exceeding analyst expectations, and its revenue rose by 32.9% year-over-year to $876.42 million.

Interval Partners LP purchased a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 84,146 shares of the company's stock, valued at approximately $3,803,000.

A number of other large investors have also added to or reduced their stakes in AFRM. Price T Rowe Associates Inc. MD increased its holdings in shares of Affirm by 140.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,544,132 shares of the company's stock worth $205,350,000 after buying an additional 2,657,074 shares during the period. Vanguard Group Inc. increased its holdings in shares of Affirm by 6.7% in the first quarter. Vanguard Group Inc. now owns 23,272,997 shares of the company's stock worth $1,051,707,000 after buying an additional 1,457,434 shares during the period. Foxhaven Asset Management LP purchased a new position in shares of Affirm in the fourth quarter worth about $80,917,000. Voloridge Investment Management LLC bought a new stake in shares of Affirm in the fourth quarter worth about $76,738,000. Finally, Lord Abbett & CO. LLC grew its stake in shares of Affirm by 1,137.5% in the first quarter. Lord Abbett & CO. LLC now owns 1,282,663 shares of the company's stock worth $57,964,000 after purchasing an additional 1,179,016 shares during the last quarter. Hedge funds and other institutional investors own 69.29% of the company's stock.

Analyst Upgrades and Downgrades

AFRM has been the topic of several recent analyst reports. Royal Bank Of Canada raised their target price on Affirm from $75.00 to $97.00 and gave the stock a "sector perform" rating in a research note on Friday, August 29th. BTIG Research cut Affirm from a "buy" rating to a "neutral" rating in a research note on Monday, July 14th. Stephens initiated coverage on Affirm in a research note on Thursday, June 12th. They issued an "equal weight" rating and a $69.00 target price on the stock. Jefferies Financial Group raised their target price on Affirm from $82.00 to $95.00 and gave the stock a "buy" rating in a research note on Tuesday, August 26th. Finally, JPMorgan Chase & Co. lifted their price objective on Affirm from $91.00 to $94.00 and gave the company an "overweight" rating in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $79.04.

Insider Transactions at Affirm

In other news, CFO Robert O'hare sold 31,423 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $83.30, for a total value of $2,617,535.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Christa S. Quarles sold 15,000 shares of the business's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $93.00, for a total value of $1,395,000.00. Following the completion of the sale, the director directly owned 122,241 shares in the company, valued at approximately $11,368,413. This represents a 10.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,260,497 shares of company stock worth $101,241,354. Company insiders own 11.82% of the company's stock.

Affirm Stock Down 3.6%

Shares of AFRM traded down $3.03 during mid-day trading on Thursday, reaching $81.84. The company had a trading volume of 3,724,948 shares, compared to its average volume of 7,454,799. The company has a debt-to-equity ratio of 2.55, a quick ratio of 11.54 and a current ratio of 11.54. The firm has a 50-day moving average price of $74.36 and a 200 day moving average price of $59.80. Affirm Holdings, Inc. has a 52 week low of $30.90 and a 52 week high of $100.00. The company has a market capitalization of $26.65 billion, a price-to-earnings ratio of 628.72, a price-to-earnings-growth ratio of 5.74 and a beta of 3.64.

Affirm (NASDAQ:AFRM - Get Free Report) last issued its quarterly earnings results on Thursday, August 28th. The company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.09. Affirm had a return on equity of 1.80% and a net margin of 1.62%.The firm had revenue of $876.42 million for the quarter, compared to analysts' expectations of $834.94 million. During the same period in the previous year, the firm posted ($0.14) EPS. The business's revenue for the quarter was up 32.9% compared to the same quarter last year. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, sell-side analysts forecast that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Affirm Company Profile

Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States, Canada, and internationally. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time with terms ranging up to 60 months.