Public Employees Retirement System of Ohio Has $5.76 Million Stock Holdings in Affirm Holdings, Inc. $AFRM

Key Points

• The Public Employees Retirement System of Ohio increased its stake in Affirm Holdings, Inc. by 4.4%, owning 83,305 shares valued at approximately $5.76 million.
• Analysts have mixed opinions on Affirm, with a consensus rating of "Moderate Buy" and a target price of $80.04, while UBS Group recently raised its target price from $56.00 to $85.00.
• Insider transactions show significant selling activity, including CEO Max R. Levchin selling 651,713 shares worth over $58 million, indicating potential shifts in confidence from company executives.

Public Employees Retirement System of Ohio boosted its stake in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 4.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 83,305 shares of the company's stock after buying an additional 3,489 shares during the period. Public Employees Retirement System of Ohio's holdings in Affirm were worth $5,760,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Affirm during the fourth quarter worth approximately $228,000. Versant Capital Management Inc lifted its holdings in Affirm by 19.6% during the 1st quarter. Versant Capital Management Inc now owns 4,074 shares of the company's stock worth $184,000 after purchasing an additional 669 shares during the last quarter. GAMMA Investing LLC boosted its stake in Affirm by 4,872.3% in the 1st quarter. GAMMA Investing LLC now owns 207,693 shares of the company's stock valued at $9,386,000 after purchasing an additional 203,516 shares during the period. Parallel Advisors LLC boosted its stake in Affirm by 18.3% in the 1st quarter. Parallel Advisors LLC now owns 4,971 shares of the company's stock valued at $225,000 after purchasing an additional 770 shares during the period. Finally, Rhumbline Advisers grew its holdings in Affirm by 2.5% in the 1st quarter. Rhumbline Advisers now owns 255,582 shares of the company's stock valued at $11,550,000 after buying an additional 6,131 shares in the last quarter. 69.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AFRM shares. Redburn Atlantic raised Affirm to a "hold" rating in a report on Friday, August 1st. BTIG Research lowered shares of Affirm from a "buy" rating to a "neutral" rating in a research report on Monday, July 14th. Rothschild & Co Redburn started coverage on shares of Affirm in a report on Friday, August 1st. They issued a "neutral" rating and a $74.00 price objective for the company. Citigroup restated an "outperform" rating on shares of Affirm in a research report on Friday, August 29th. Finally, UBS Group raised their target price on shares of Affirm from $56.00 to $85.00 and gave the stock a "neutral" rating in a report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $80.04.

Insider Transactions at Affirm

In other news, CAO Siphelele Jiyane sold 25,533 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $90.71, for a total value of $2,316,098.43. Following the completion of the transaction, the chief accounting officer owned 226,467 shares of the company's stock, valued at approximately $20,542,821.57. This represents a 10.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Max R. Levchin sold 651,713 shares of the firm'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. Over the last 90 days, insiders have sold 1,922,210 shares of company stock valued at $160,335,374. Company insiders own 11.82% of the company's stock.

Affirm Stock Performance

Shares of NASDAQ:AFRM opened at $76.03 on Monday. Affirm Holdings, Inc. has a 1 year low of $30.90 and a 1 year high of $100.00. The stock has a market capitalization of $24.76 billion, a price-to-earnings ratio of 584.89, a price-to-earnings-growth ratio of 4.94 and a beta of 3.64. The company has a debt-to-equity ratio of 2.55, a current ratio of 11.54 and a quick ratio of 11.54. The company's 50 day simple moving average is $78.55 and its 200 day simple moving average is $62.27.

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, beating analysts' consensus estimates of $0.11 by $0.09. Affirm had a return on equity of 1.80% and a net margin of 1.62%.The firm had revenue of $876.42 million for the quarter, compared to the consensus estimate of $834.94 million. During the same quarter last year, the business posted ($0.14) EPS. The company's 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. As a group, research analysts predict that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

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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