Patriot Financial Group Insurance Agency LLC Makes New $337,000 Investment in Affirm Holdings, Inc. $AFRM

Key Points

• Patriot Financial Group Insurance Agency LLC has invested approximately $337,000 to acquire 4,881 shares of Affirm Holdings, Inc., indicating growing institutional interest in the company.
• The company's CEO, Max R. Levchin, sold over 651,000 shares of Affirm stock, totaling around $58 million, while other insiders also sold significant holdings recently.
• Affirm reported better-than-expected earnings with a revenue increase of 32.9% from the previous year, surpassing analyst expectations in their latest quarterly results.

Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,881 shares of the company's stock, valued at approximately $337,000.

Other institutional investors have also modified their holdings of the company. Allworth Financial LP raised its stake in shares of Affirm by 63.7% during the 1st quarter. Allworth Financial LP now owns 563 shares of the company's stock valued at $27,000 after buying an additional 219 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Affirm by 86.6% during 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 during the last quarter. SVB Wealth LLC purchased a new position in shares of Affirm during the 1st quarter valued at about $47,000. Sound Income Strategies LLC purchased a new position in shares of Affirm during the 2nd quarter valued at about $59,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of 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 valued at $62,000 after buying an additional 1,346 shares during the last quarter. Hedge funds and other institutional investors own 69.29% of the company's stock.

Insider Transactions at Affirm

In related news, CEO Max R. Levchin sold 651,713 shares of the company's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $89.27, for a total value of $58,178,419.51. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Katherine Adkins sold 59,267 shares of the company's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $75.02, for a total value of $4,446,210.34. Following the completion of the transaction, the insider owned 113,400 shares in the company, valued at $8,507,268. This represents a 34.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,921,456 shares of company stock valued at $160,284,531 in the last ninety days. 11.82% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AFRM shares. Evercore ISI reiterated an "outperform" rating on shares of Affirm in a research note on Tuesday, September 16th. Bank of America lifted their price objective on Affirm from $90.00 to $94.00 and gave the company a "buy" rating in a research note on Friday, August 29th. UBS Group lifted their price target on Affirm from $56.00 to $85.00 and gave the company a "neutral" rating in a research note on Friday, August 29th. Zacks Research lowered Affirm from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 13th. Finally, Stephens began coverage on Affirm in a research note on Thursday, June 12th. They issued an "equal weight" rating and a $69.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and twelve have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $80.04.

Affirm Trading Down 3.4%

Shares of Affirm stock opened at $74.83 on Friday. The stock has a market cap of $24.37 billion, a P/E ratio of 575.66, a P/E/G ratio of 4.86 and a beta of 3.58. The stock's 50 day simple moving average is $79.46 and its 200-day simple moving average is $63.13. 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 issued its earnings results on Thursday, August 28th. The company reported $0.20 earnings per share 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 business's revenue for the quarter was up 32.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.14) EPS. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Analysts predict that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

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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