Mount Vernon Associates Inc. MD Purchases 29,975 Shares of Affirm Holdings, Inc. $AFRM

Key Points

• Mount Vernon Associates Inc. MD increased its stake in Affirm Holdings by 221.2% during the second quarter, acquiring 29,975 additional shares to reach a total of 43,525 shares valued at approximately $3 million.
• Affirm's quarterly earnings exceeded expectations, reporting an EPS of $0.20, compared to the consensus estimate of $0.11, with revenues rising 32.9% year-over-year to $876.42 million.
• A significant number of institutional investors now own 69.29% of Affirm's shares, with major investments from firms like Truist Financial Corp, which grew its stake by 236.6% during the same quarter.

Mount Vernon Associates Inc. MD raised its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 221.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 43,525 shares of the company's stock after purchasing an additional 29,975 shares during the quarter. Affirm accounts for approximately 2.2% of Mount Vernon Associates Inc. MD's holdings, making the stock its 13th biggest position. Mount Vernon Associates Inc. MD's holdings in Affirm were worth $3,009,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. F&V Capital Management LLC bought a new stake in shares of Affirm during the 2nd quarter valued at about $818,000. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of Affirm during the 2nd quarter valued at about $337,000. J. Safra Sarasin Holding AG bought a new stake in shares of Affirm during the 2nd quarter valued at about $207,000. Lecap Asset Management Ltd. grew its stake in shares of Affirm by 97.6% during the 2nd quarter. Lecap Asset Management Ltd. now owns 21,485 shares of the company's stock valued at $1,485,000 after purchasing an additional 10,611 shares during the period. Finally, Truist Financial Corp grew its stake in shares of Affirm by 236.6% during the 2nd quarter. Truist Financial Corp now owns 60,725 shares of the company's stock valued at $4,199,000 after purchasing an additional 42,686 shares during the period. 69.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AFRM. JMP Securities boosted their price target on Affirm from $75.00 to $105.00 and gave the company a "market outperform" rating in a research note on Friday, August 29th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Affirm in a research note on Tuesday, September 23rd. Weiss Ratings reiterated a "hold (c)" rating on shares of Affirm in a research note on Saturday, September 27th. UBS Group boosted their price objective on Affirm from $56.00 to $85.00 and gave the company a "neutral" rating in a research note on Friday, August 29th. Finally, Stephens began coverage on Affirm in a research note on Thursday, June 12th. They set an "equal weight" rating and a $69.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $80.04.

Affirm Stock Down 3.4%

Shares of AFRM opened at $74.83 on Friday. The stock has a market capitalization of $24.37 billion, a price-to-earnings ratio of 575.66, a price-to-earnings-growth ratio of 4.86 and a beta of 3.58. Affirm Holdings, Inc. has a 1 year low of $30.90 and a 1 year high of $100.00. The business's 50 day simple moving average is $79.46 and its 200-day simple moving average is $63.13. The company has a debt-to-equity ratio of 2.55, a current ratio of 11.54 and a quick ratio of 11.54.

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

In other news, CAO Siphelele Jiyane sold 25,533 shares of the business's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $90.71, for a total transaction of $2,316,098.43. Following the transaction, the chief accounting officer owned 226,467 shares of the company's stock, valued at approximately $20,542,821.57. The trade was a 10.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Michael Linford sold 184,200 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $80.09, for a total value of $14,752,578.00. Following the transaction, the chief operating officer directly owned 109,840 shares in the company, valued at approximately $8,797,085.60. This represents a 62.64% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,921,456 shares of company stock worth $160,284,531. Company insiders own 11.82% of the company's stock.

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.

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