Strs Ohio Takes Position in Affirm Holdings, Inc. $AFRM

Key Points

• Strs Ohio has made a new investment in Affirm Holdings, Inc. by purchasing 17,471 shares valued at approximately $790,000.
• Several institutional investors have increased their stakes in Affirm, with hedge funds now owning 69.29% of the company's stock.
• Affirm received positive ratings from multiple analysts, with a consensus average target price of $80.04, reflecting strong growth expectations.

Strs Ohio acquired a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 17,471 shares of the company's stock, valued at approximately $790,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC lifted its holdings in Affirm by 1,015.5% during the first quarter. Acadian Asset Management LLC now owns 42,868 shares of the company's stock valued at $1,932,000 after purchasing an additional 39,025 shares in the last quarter. Focus Partners Wealth acquired a new stake in shares of Affirm during the first quarter valued at about $243,000. Bayforest Capital Ltd grew its holdings in shares of Affirm by 695.8% in the first quarter. Bayforest Capital Ltd now owns 29,963 shares of the company's stock valued at $1,354,000 after purchasing an additional 26,198 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Affirm by 8.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 720,730 shares of the company's stock worth $32,570,000 after acquiring an additional 56,401 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in shares of Affirm by 90.7% during the 1st quarter. Empowered Funds LLC now owns 16,852 shares of the company's stock worth $762,000 after buying an additional 8,014 shares during the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.

Affirm Stock Performance

AFRM traded down $2.86 on Tuesday, hitting $87.27. The company had a trading volume of 624,928 shares, compared to its average volume of 7,441,041. 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 fifty day moving average price is $77.62 and its 200 day moving average price is $61.36. The stock has a market cap of $28.42 billion, a price-to-earnings ratio of 669.29, a price-to-earnings-growth ratio of 5.98 and a beta of 3.64. Affirm Holdings, Inc. has a 1-year low of $30.90 and a 1-year high of $100.00.

Affirm (NASDAQ:AFRM - Get Free Report) last issued its quarterly 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. The company had revenue of $876.42 million for the quarter, compared to the consensus estimate of $834.94 million. Affirm had a return on equity of 1.80% and a net margin of 1.62%.The company's revenue for the quarter was up 32.9% on a year-over-year basis. During the same period in the previous year, the business posted ($0.14) EPS. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Equities analysts predict that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on AFRM shares. Needham & Company LLC reissued a "hold" rating on shares of Affirm in a research note on Wednesday, July 2nd. Bank of America upped their price target on shares of Affirm from $90.00 to $94.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. JPMorgan Chase & Co. boosted their price objective on shares of Affirm from $91.00 to $94.00 and gave the stock an "overweight" rating in a research report on Friday, August 29th. Truist Financial boosted their price objective on shares of Affirm from $72.00 to $95.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. Finally, Rothschild & Co Redburn initiated coverage on shares of Affirm in a report on Friday, August 1st. They issued a "neutral" rating and a $74.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $80.04.

Insider Buying and Selling

In other Affirm news, COO Michael Linford sold 184,200 shares of the business's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $80.09, for a total value of $14,752,578.00. Following the transaction, the chief operating officer owned 109,840 shares of the company's stock, valued at approximately $8,797,085.60. The trade was a 62.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Siphelele Jiyane sold 25,533 shares of the company's stock in a transaction on 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 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 position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,270,497 shares of company stock valued at $102,156,954. Insiders own 11.82% of the company's stock.

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.