Pacific Heights Asset Management LLC Acquires 55,000 Shares of Affirm Holdings, Inc. $AFRM

Key Points

• Pacific Heights Asset Management LLC has increased its stake in Affirm Holdings, Inc. by 17.2%, acquiring an additional 55,000 shares, leading to a total of 375,000 shares owned.
• In recent earnings, Affirm reported $0.20 earnings per share (EPS), exceeding expectations of $0.11, alongside a revenue of $876.42 million for the quarter.
• Insider transactions show significant sales, with CEO Max R. Levchin selling 651,713 shares worth approximately $58.2 million, indicating a potential shift in shareholder sentiment.

Pacific Heights Asset Management LLC raised its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 17.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 375,000 shares of the company's stock after purchasing an additional 55,000 shares during the period. Affirm makes up about 1.4% of Pacific Heights Asset Management LLC's portfolio, making the stock its 13th largest holding. Pacific Heights Asset Management LLC owned approximately 0.12% of Affirm worth $25,928,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Allworth Financial LP boosted its holdings in Affirm by 63.7% in the 1st quarter. Allworth Financial LP now owns 563 shares of the company's stock valued at $27,000 after purchasing an additional 219 shares during the period. Blume Capital Management Inc. raised its position in shares of Affirm by 468.8% in the 2nd quarter. Blume Capital Management Inc. now owns 455 shares of the company's stock valued at $31,000 after buying an additional 375 shares in the last quarter. UMB Bank n.a. raised its position in shares of Affirm by 86.6% in the 2nd quarter. UMB Bank n.a. now owns 569 shares of the company's stock valued at $39,000 after buying an additional 264 shares in the last quarter. SVB Wealth LLC acquired a new position in shares of Affirm in the 1st quarter valued at approximately $47,000. Finally, Sound Income Strategies LLC acquired a new position in shares of Affirm in the 2nd quarter valued at approximately $59,000. Institutional investors own 69.29% of the company's stock.

Affirm Price Performance

AFRM stock opened at $74.49 on Wednesday. The company has a 50 day simple moving average of $79.72 and a 200 day simple moving average of $65.38. The stock has a market cap of $24.26 billion, a price-to-earnings ratio of 573.04, a P/E/G ratio of 4.64 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 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 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. Research analysts anticipate that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Insider Transactions at Affirm

In other Affirm news, COO Michael Linford sold 184,200 shares of the company'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 completion of 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Max R. Levchin sold 651,713 shares of the company's stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $89.27, for a total transaction of $58,178,419.51. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,844,552 shares of company stock worth $154,885,240. 11.82% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on AFRM shares. Weiss Ratings restated a "hold (c-)" rating on shares of Affirm in a research report on Tuesday, October 14th. JMP Securities boosted their target price on shares of Affirm from $75.00 to $105.00 and gave the company a "market outperform" rating in a research report on Friday, August 29th. Oppenheimer set a $80.00 target price on shares of Affirm and gave the company an "outperform" rating in a research report on Monday, July 21st. Redburn Atlantic upgraded shares of Affirm to a "hold" rating in a research report on Friday, August 1st. Finally, BTIG Research cut shares of Affirm from a "buy" rating to a "neutral" rating in a research report on Monday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Affirm currently has an average rating of "Moderate Buy" and an average price target of $87.00.

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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