Ritholtz Wealth Management Buys New Holdings in Affirm Holdings, Inc. $AFRM

Key Points

• Ritholtz Wealth Management has acquired a new stake in Affirm Holdings, Inc., purchasing 4,109 shares valued at approximately $284,000 in the 2nd quarter.
• Affirm's stock has received multiple updates from analysts, with a consensus target price of $87.00 and an overall rating of "Moderate Buy".
• Insider sales have occurred recently, with key insiders selling over 1.8 million shares of the company, representing a significant decrease in their ownership.

Ritholtz Wealth Management bought a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 4,109 shares of the company's stock, valued at approximately $284,000.

Several other hedge funds have also bought and sold shares of AFRM. GAMMA Investing LLC lifted its stake in Affirm by 10.0% in the 1st quarter. GAMMA Investing LLC now owns 4,596 shares of the company's stock valued at $208,000 after purchasing an additional 419 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in Affirm in the 1st quarter valued at about $549,000. Oppenheimer Asset Management Inc. lifted its stake in Affirm by 15.6% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 22,220 shares of the company's stock valued at $1,004,000 after purchasing an additional 3,004 shares during the last quarter. Integris Wealth Management LLC lifted its stake in Affirm by 43.6% in the 1st quarter. Integris Wealth Management LLC now owns 17,681 shares of the company's stock valued at $799,000 after purchasing an additional 5,371 shares during the last quarter. Finally, Spire Wealth Management acquired a new stake in Affirm in the 1st quarter valued at about $120,000. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on AFRM shares. JPMorgan Chase & Co. raised their target price on shares of Affirm from $91.00 to $94.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Affirm in a report on Tuesday, September 23rd. Zacks Research cut shares of Affirm from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Evercore ISI reissued an "outperform" rating on shares of Affirm in a report on Tuesday, September 16th. Finally, Redburn Atlantic raised shares of Affirm to a "hold" rating in a report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $87.00.

Affirm Stock Up 3.3%

Shares of AFRM opened at $74.49 on Wednesday. Affirm Holdings, Inc. has a 12 month low of $30.90 and a 12 month high of $100.00. The firm's 50 day moving average is $79.72 and its 200-day moving average is $65.38. The stock has a market capitalization of $24.26 billion, a PE ratio of 573.04, a P/E/G ratio of 4.64 and a beta of 3.58. The company has a current ratio of 11.54, a quick ratio of 11.54 and a debt-to-equity ratio of 2.55.

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

Insiders Place Their Bets

In related news, insider Katherine Adkins sold 59,267 shares of Affirm 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 transaction, the insider directly owned 113,400 shares of the company's stock, valued at $8,507,268. This trade represents a 34.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Siphelele Jiyane sold 25,533 shares of Affirm stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $90.71, for a total transaction of $2,316,098.43. Following the completion of the transaction, the chief accounting officer directly owned 226,467 shares in the company, valued at $20,542,821.57. This trade represents a 10.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,844,552 shares of company stock valued at $154,885,240 over the last three months. 11.82% of the stock is owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.