Paloma Partners Management Co Makes New Investment in Affirm Holdings, Inc. $AFRM

Key Points

• Paloma Partners Management Co purchased 23,700 shares of Affirm Holdings, Inc. for approximately $1,071,000, indicating increased institutional interest in the company.
• Affirm's stock price rose by 10.6% recently, with shares trading at $88.46, while the company's market capitalization stands at $28.54 billion.
• Affirm recently exceeded revenue expectations, reporting $876.42 million for the quarter, a 32.9% increase year-over-year, along with positive earnings per share of $0.20.

Paloma Partners Management Co purchased a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 23,700 shares of the company's stock, valued at approximately $1,071,000.

Other large investors also recently modified their holdings of the company. Allworth Financial LP raised its position in Affirm by 63.7% during the 1st quarter. Allworth Financial LP now owns 563 shares of the company's stock worth $27,000 after purchasing an additional 219 shares during the last quarter. SVB Wealth LLC bought a new position in Affirm during the 1st quarter worth $47,000. Thurston Springer Miller Herd & Titak Inc. raised its position in Affirm by 3,637.8% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,383 shares of the company's stock worth $62,000 after purchasing an additional 1,346 shares during the last quarter. First Horizon Advisors Inc. bought a new position in Affirm during the 1st quarter worth $69,000. Finally, CoreCap Advisors LLC raised its position in Affirm by 11,810.0% during the 4th quarter. CoreCap Advisors LLC now owns 1,191 shares of the company's stock worth $73,000 after purchasing an additional 1,181 shares during the last quarter. 69.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Affirm

In other Affirm news, COO Michael Linford sold 184,200 shares of Affirm stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $80.09, for a total transaction of $14,752,578.00. Following the transaction, the chief operating officer owned 109,840 shares of the company's stock, valued at $8,797,085.60. This trade represents a 62.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Katherine Adkins sold 59,267 shares of Affirm stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $75.02, for a total transaction of $4,446,210.34. Following the transaction, the insider directly owned 113,400 shares in the company, valued at approximately $8,507,268. This represents a 34.32% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,234,964 shares of company stock worth $98,925,256. 11.82% of the stock is currently owned by corporate insiders.

Affirm Stock Down 2.6%

AFRM stock traded down $2.31 during mid-day trading on Friday, reaching $87.35. 9,262,357 shares of the company traded hands, compared to its average volume of 9,298,591. The stock has a market cap of $28.18 billion, a price-to-earnings ratio of 671.97, a P/E/G ratio of 5.84 and a beta of 3.64. The company has a quick ratio of 11.54, a current ratio of 11.54 and a debt-to-equity ratio of 2.55. Affirm Holdings, Inc. has a fifty-two week low of $30.90 and a fifty-two week high of $100.00. The firm's 50 day moving average price is $73.27 and its 200 day moving average price is $59.53.

Affirm (NASDAQ:AFRM - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.09. The business had revenue of $876.42 million during the quarter, compared to the consensus estimate of $834.94 million. Affirm had a return on equity of 1.80% and a net margin of 1.62%.The company's quarterly revenue was up 32.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.14) EPS. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, equities research analysts predict that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AFRM. Morgan Stanley set a $90.00 target price on Affirm in a research report on Friday, August 29th. Jefferies Financial Group lifted their price objective on Affirm from $82.00 to $95.00 and gave the stock a "buy" rating in a research report on Tuesday, August 26th. Deutsche Bank Aktiengesellschaft began coverage on Affirm in a research report on Thursday, July 17th. They issued a "buy" rating and a $78.00 price objective for the company. Truist Financial lifted their price objective on Affirm from $58.00 to $72.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th. Finally, Rothschild & Co Redburn began coverage on Affirm in a research report on Friday, August 1st. They issued a "neutral" rating and a $74.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, Affirm has an average rating of "Moderate Buy" and an average price target of $79.04.

About Affirm

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.