Leo Wealth LLC Purchases 45,786 Shares of Affirm Holdings, Inc. $AFRM

Key Points

• Leo Wealth LLC increased its stake in Affirm Holdings, Inc. by 4.8% during the second quarter, acquiring 45,786 additional shares, bringing its total ownership to 998,091 shares.
• Several analysts have upgraded Affirm's stock to "buy" with price targets now ranging from $82.00 to $101.00, indicating bullish sentiment among market experts.
• Insider trading activity was notable, with CAO Siphelele Jiyane selling 12,500 shares, leading to decreased ownership, while corporate insiders have sold 1.8 million shares over the last 90 days.

Leo Wealth LLC boosted its position in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 4.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 998,091 shares of the company's stock after acquiring an additional 45,786 shares during the quarter. Affirm accounts for 5.4% of Leo Wealth LLC's investment portfolio, making the stock its 2nd biggest position. Leo Wealth LLC owned 0.31% of Affirm worth $69,008,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its holdings in Affirm by 63.7% in the first quarter. Allworth Financial LP now owns 563 shares of the company's stock valued at $27,000 after acquiring an additional 219 shares during the last quarter. UMB Bank n.a. boosted its holdings in Affirm by 86.6% in the second quarter. UMB Bank n.a. now owns 569 shares of the company's stock valued at $39,000 after acquiring an additional 264 shares during the last quarter. SVB Wealth LLC acquired a new position in Affirm in the first quarter valued at $47,000. Sound Income Strategies LLC acquired a new position in Affirm in the second quarter valued at $59,000. Finally, First Horizon Advisors Inc. acquired a new position in shares of Affirm during the first quarter worth about $69,000. Institutional investors and hedge funds own 69.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Rothschild & Co Redburn upgraded Affirm from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $74.00 to $101.00 in a research note on Monday. Jefferies Financial Group boosted their price objective on Affirm from $82.00 to $95.00 and gave the stock a "buy" rating in a research note on Tuesday, August 26th. Bank of America boosted their price objective on Affirm from $90.00 to $94.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. JPMorgan Chase & Co. boosted their price objective on Affirm from $91.00 to $94.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. Finally, Rothschild Redb upgraded Affirm from a "hold" rating to a "strong-buy" rating in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $82.65.

Insider Transactions at Affirm

In related news, CAO Siphelele Jiyane sold 12,500 shares of the business's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $85.42, for a total value of $1,067,750.00. Following the completion of the sale, the chief accounting officer directly owned 213,967 shares of the company's stock, valued at $18,277,061.14. The trade was a 5.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Christa S. Quarles sold 15,000 shares of the business's stock in a transaction dated Friday, August 29th. The shares were 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 of the company's stock, 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. Insiders sold 1,844,552 shares of company stock valued at $154,885,240 over the last 90 days. Corporate insiders own 11.82% of the company's stock.

Affirm Stock Down 1.8%

Shares of Affirm stock opened at $75.25 on Thursday. The company has a quick ratio of 11.54, a current ratio of 11.54 and a debt-to-equity ratio of 2.55. The firm has a market cap of $24.51 billion, a P/E ratio of 578.89, a P/E/G ratio of 4.98 and a beta of 3.58. Affirm Holdings, Inc. has a fifty-two week low of $30.90 and a fifty-two week high of $100.00. The business has a 50-day moving average price of $79.96 and a 200 day moving average price of $63.60.

Affirm (NASDAQ:AFRM - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.09. The firm had revenue of $876.42 million during the quarter, compared to analyst estimates of $834.94 million. Affirm had a return on equity of 1.80% and a net margin of 1.62%.Affirm's quarterly revenue was up 32.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.14) earnings per share. 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 earnings per share for the current fiscal year.

Affirm 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.

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