Quadcap Wealth Management LLC Buys Shares of 6,511 Affirm Holdings, Inc. $AFRM

Key Points

• Quadcap Wealth Management LLC has acquired a new position in Affirm Holdings, purchasing 6,511 shares valued at approximately $294,000 during the first quarter.
• Affirm has received upgraded ratings from various analysts, including a "buy" rating and price targets raised to as high as $84.00, reflecting a positive outlook on the company's performance.
• Institutional investors and hedge funds collectively own about 69.29% of Affirm's stock, indicating strong institutional interest in the company.

Quadcap Wealth Management LLC acquired a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 6,511 shares of the company's stock, valued at approximately $294,000.

Several other hedge funds have also recently made changes to their positions in AFRM. Durable Capital Partners LP increased its stake in shares of Affirm by 97.3% during the fourth quarter. Durable Capital Partners LP now owns 5,858,283 shares of the company's stock valued at $356,769,000 after buying an additional 2,888,827 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Affirm by 140.8% during 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. Vanguard Group Inc. increased its stake in shares of Affirm by 6.7% during the first quarter. Vanguard Group Inc. now owns 23,272,997 shares of the company's stock valued at $1,051,707,000 after buying an additional 1,457,434 shares during the period. Foxhaven Asset Management LP purchased a new position in shares of Affirm during the fourth quarter valued at approximately $80,917,000. Finally, Voloridge Investment Management LLC purchased a new stake in Affirm in the fourth quarter worth $76,738,000. 69.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AFRM has been the topic of several recent research reports. Oppenheimer set a $80.00 price target on Affirm and gave the stock an "outperform" rating in a research note on Monday, July 21st. Wall Street Zen cut Affirm from a "buy" rating to a "hold" rating in a research note on Sunday, August 17th. Barclays upped their price target on Affirm from $67.00 to $80.00 and gave the stock an "overweight" rating in a research note on Monday, June 30th. BTIG Research cut Affirm from a "buy" rating to a "neutral" rating in a research note on Monday, July 14th. Finally, Stephens initiated coverage on Affirm in a research note on Thursday, June 12th. They issued an "equal weight" rating and a $69.00 price target on the stock. One 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's stock. According to MarketBeat.com, Affirm has an average rating of "Moderate Buy" and a consensus target price of $77.35.

Affirm Stock Up 10.6%

Shares of NASDAQ AFRM traded up $8.47 during trading on Monday, reaching $88.46. The company had a trading volume of 43,145,775 shares, compared to its average volume of 8,837,614. Affirm Holdings, Inc. has a 12-month low of $30.90 and a 12-month high of $100.00. The stock has a market cap of $28.54 billion, a PE ratio of 680.51, a P/E/G ratio of 3.29 and a beta of 3.64. The business's 50-day moving average is $71.19 and its 200 day moving average is $59.03. 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 (NASDAQ:AFRM - Get Free Report) last released its earnings results on Thursday, August 28th. The company reported $0.20 EPS for the quarter, topping 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 analysts' expectations of $834.94 million. During the same period in the prior year, the firm posted ($0.14) earnings per share. The company's quarterly revenue was up 32.9% on a year-over-year basis. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, equities analysts forecast that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Siphelele Jiyane sold 15,871 shares of the company's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $75.00, for a total transaction of $1,190,325.00. Following the transaction, the chief accounting officer directly owned 242,192 shares of the company's stock, valued at $18,164,400. This represents a 6.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Michael Linford sold 184,200 shares of the company's stock in a transaction 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 transaction, the chief operating officer directly owned 109,840 shares in the company, valued at approximately $8,797,085.60. The trade was a 62.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,128,938 shares of company stock valued at $89,217,029. Corporate insiders own 11.82% of the company's stock.

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.