Nordea Investment Management AB Has $15.88 Million Stock Position in Affirm Holdings, Inc. $AFRM

Key Points

• Nordea Investment Management AB increased its stake in Affirm Holdings, Inc. by 121.7%, owning 229,837 shares valued at approximately $15.88 million.
• Affirm reported $0.20 EPS for the last quarter, surpassing analysts' expectations of $0.11, and achieved a 32.9% year-over-year revenue increase to $876.42 million.
• Analysts have varied opinions on Affirm, with two ratings of Strong Buy, nineteen Buy ratings, and an average target price of $86.00.

Nordea Investment Management AB lifted its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 121.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 229,837 shares of the company's stock after acquiring an additional 126,186 shares during the period. Nordea Investment Management AB owned approximately 0.07% of Affirm worth $15,882,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Affirm by 6.7% in the 1st quarter. Vanguard Group Inc. now owns 23,272,997 shares of the company's stock valued at $1,051,707,000 after purchasing an additional 1,457,434 shares during the period. Durable Capital Partners LP boosted its stake in shares of Affirm by 12.3% in the first quarter. Durable Capital Partners LP now owns 6,580,882 shares of the company's stock valued at $297,390,000 after buying an additional 722,599 shares during the period. Price T Rowe Associates Inc. MD boosted its stake 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 valued at $205,350,000 after buying an additional 2,657,074 shares during the period. Charles Schwab Investment Management Inc. grew its position in Affirm by 0.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,279,218 shares of the company's stock worth $102,998,000 after buying an additional 7,160 shares in the last quarter. Finally, Lord Abbett & CO. LLC increased its stake in Affirm by 1,137.5% during the 1st quarter. Lord Abbett & CO. LLC now owns 1,282,663 shares of the company's stock worth $57,964,000 after acquiring an additional 1,179,016 shares during the period. 69.29% of the stock is owned by institutional investors.

Affirm Trading Down 1.7%

AFRM opened at $67.90 on Monday. The company has a market cap of $22.11 billion, a P/E ratio of 522.35, a PEG ratio of 4.45 and a beta of 3.58. 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 company's 50 day moving average is $79.79 and its 200-day moving average is $65.06. Affirm Holdings, Inc. has a 1-year low of $30.90 and a 1-year high of $100.00.

Affirm (NASDAQ:AFRM - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.09. Affirm had a net margin of 1.62% and a return on equity of 1.80%. The business had revenue of $876.42 million during the quarter, compared to analysts' expectations of $834.94 million. During the same period in the prior year, the company earned ($0.14) EPS. The firm's quarterly revenue 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. Equities research analysts predict that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Affirm

In other news, insider Katherine Adkins sold 36,878 shares of Affirm stock in a transaction dated 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 sale, the insider directly owned 113,400 shares of the company's stock, valued at approximately $10,773,000. This trade represents a 24.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Christa S. Quarles sold 15,000 shares of the company's stock in a transaction that occurred on 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 transaction, the director directly owned 122,241 shares of the company's stock, valued at $11,368,413. This represents a 10.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,844,552 shares of company stock worth $154,885,240 over the last three months. 11.82% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Rothschild Redb raised Affirm from a "hold" rating to a "strong-buy" rating in a report on Monday, October 6th. Zacks Research downgraded shares of Affirm from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. UBS Group raised their target price on shares of Affirm from $56.00 to $85.00 and gave the company a "neutral" rating in a report on Friday, August 29th. JMP Securities upped their price target on shares of Affirm from $75.00 to $105.00 and gave the stock a "market outperform" rating in a report on Friday, August 29th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating on shares of Affirm in a research report on Tuesday, September 23rd. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, Affirm has a consensus rating of "Moderate Buy" and an average target price of $86.00.

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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