Quantitative Investment Management LLC Takes $532,000 Position in Affirm Holdings, Inc. $AFRM

Key Points

• Quantitative Investment Management LLC acquired a stake in Affirm Holdings, purchasing 11,784 shares valued at approximately $532,000.
• Insider trading activity includes significant sales by CFO Robert O'Hare and COO Michael Linford, totaling over $20 million in shares sold recently.
• A consensus target price for Affirm's stock is set at $68.74, with ratings showing one Strong Buy, eighteen Buy, and eleven Hold ratings.

Quantitative Investment Management LLC acquired a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,784 shares of the company's stock, valued at approximately $532,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. KLP Kapitalforvaltning AS boosted its position in shares of Affirm by 0.4% during the 1st quarter. KLP Kapitalforvaltning AS now owns 49,100 shares of the company's stock worth $2,219,000 after purchasing an additional 200 shares in the last quarter. Allworth Financial LP boosted its position in shares of 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 in the last quarter. Sei Investments Co. boosted its position in shares of Affirm by 0.6% during the 1st quarter. Sei Investments Co. now owns 41,066 shares of the company's stock worth $1,856,000 after purchasing an additional 226 shares in the last quarter. HB Wealth Management LLC boosted its position in shares of Affirm by 2.2% during the 1st quarter. HB Wealth Management LLC now owns 11,471 shares of the company's stock worth $518,000 after purchasing an additional 252 shares in the last quarter. Finally, Amalgamated Bank boosted its position in shares of Affirm by 2.1% during the 1st quarter. Amalgamated Bank now owns 13,773 shares of the company's stock worth $622,000 after purchasing an additional 280 shares in the last quarter. Institutional investors own 69.29% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Bank of America upped their target price on shares of Affirm from $90.00 to $94.00 and gave the stock a "buy" rating in a report on Friday. Redburn Atlantic upgraded shares of Affirm to a "hold" rating in a report on Friday, August 1st. Truist Financial upped their target price on shares of Affirm from $58.00 to $72.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Needham & Company LLC restated a "hold" rating on shares of Affirm in a report on Wednesday, July 2nd. Finally, Barclays upped their target price on shares of Affirm from $67.00 to $80.00 and gave the stock an "overweight" rating in a report on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $77.35.

Insider Activity

In related news, CFO Robert O'hare sold 77,800 shares of the firm'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 $6,231,002.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Max R. Levchin sold 499,223 shares of the firm's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $80.17, for a total transaction of $40,022,707.91. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,128,938 shares of company stock worth $89,217,029. 11.82% of the stock is owned by insiders.

Affirm Stock Performance

Shares of Affirm stock traded up $8.47 on Friday, reaching $88.46. 43,145,775 shares of the company traded hands, compared to its average volume of 6,926,200. Affirm Holdings, Inc. has a 52 week low of $30.90 and a 52 week high of $100.00. The company has a 50 day moving average of $71.19 and a 200 day moving average of $59.29. The firm has a market capitalization of $28.54 billion, a PE ratio of 680.51, a PEG ratio of 2.95 and a beta of 3.63. The company has a debt-to-equity ratio of 2.55, a current ratio of 11.47 and a quick ratio of 11.47.

Affirm (NASDAQ:AFRM - Get Free Report) last released 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 net margin of 1.62% and a return on equity of 1.84%. The firm had revenue of $876.42 million during the quarter, compared to the consensus estimate of $834.94 million. During the same period in the prior year, the firm earned ($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. Equities analysts forecast that Affirm Holdings, Inc. will post -0.18 earnings per share for the current 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.