Magnetar Financial LLC Invests $388,000 in Affirm Holdings, Inc. $AFRM

Key Points

• Magnetar Financial LLC has invested approximately $388,000 in Affirm Holdings, acquiring 8,582 shares of the company during the first quarter.
• Affirm's recent quarterly earnings surpassed expectations, reporting $0.20 earnings per share compared to a consensus estimate of $0.11, with revenue rising 32.9% year-over-year.
• Affirm Holdings is currently rated as a "Moderate Buy" with a consensus price target of $77.35 following various analyst upgrades and downgrades.

Magnetar Financial LLC bought a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,582 shares of the company's stock, valued at approximately $388,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AFRM. Durable Capital Partners LP increased its stake in Affirm by 97.3% in the fourth quarter. Durable Capital Partners LP now owns 5,858,283 shares of the company's stock valued at $356,769,000 after acquiring an additional 2,888,827 shares during the period. Price T Rowe Associates Inc. MD increased its stake in 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 valued at $205,350,000 after acquiring an additional 2,657,074 shares during the period. Vanguard Group Inc. increased its stake in Affirm by 6.7% in the first quarter. Vanguard Group Inc. now owns 23,272,997 shares of the company's stock valued at $1,051,707,000 after acquiring an additional 1,457,434 shares during the period. Foxhaven Asset Management LP bought a new stake in Affirm in the fourth quarter valued at about $80,917,000. Finally, Voloridge Investment Management LLC bought a new stake in Affirm in the fourth quarter valued at about $76,738,000. Institutional investors own 69.29% of the company's stock.

Affirm Price Performance

Shares of AFRM traded down $2.31 during mid-day trading on Friday, hitting $87.35. 9,262,357 shares of the company traded hands, compared to its average volume of 9,298,591. Affirm Holdings, Inc. has a one year low of $30.90 and a one year high of $100.00. The company has a current ratio of 11.54, a quick ratio of 11.54 and a debt-to-equity ratio of 2.55. The business has a 50-day moving average of $73.27 and a 200 day moving average of $59.53. The stock has a market capitalization of $28.18 billion, a price-to-earnings ratio of 671.97, a PEG ratio of 5.84 and a beta of 3.64.

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 business had revenue of $876.42 million for the quarter, compared to analyst estimates of $834.94 million. Affirm had a net margin of 1.62% and a return on equity of 1.80%. Affirm's revenue was up 32.9% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.14) earnings per share. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, equities analysts expect that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Affirm news, CAO Siphelele Jiyane sold 22,725 shares of the stock in a transaction on Friday, August 29th. The shares were sold at an average price of $96.47, for a total value of $2,192,280.75. Following the sale, the chief accounting officer directly owned 219,467 shares in the company, valued at approximately $21,171,981.49. This trade represents a 9.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Katherine Adkins sold 36,878 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $95.00, for a total transaction of $3,503,410.00. Following the completion of the sale, the insider owned 113,400 shares in the company, valued at approximately $10,773,000. This trade represents a 24.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,234,964 shares of company stock valued at $98,925,256. 11.82% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Citigroup reaffirmed an "outperform" rating on shares of Affirm in a research note on Friday, August 29th. Morgan Stanley set a $90.00 price objective on shares of Affirm in a research note on Friday, August 29th. Oppenheimer set a $80.00 price objective on shares of Affirm and gave the stock an "outperform" rating in a research note on Monday, July 21st. JPMorgan Chase & Co. upped their price objective on shares of Affirm from $91.00 to $94.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. Finally, Evercore ISI upped their price objective on shares of Affirm from $67.00 to $100.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $79.04.

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.