Trexquant Investment LP Raises Position in Affirm Holdings, Inc. $AFRM

Key Points

• Trexquant Investment LP increased its stake in Affirm Holdings, Inc. by 17.8%, owning 282,962 shares valued at approximately $12.79 million after acquiring an additional 42,667 shares in the first quarter.
• Affirm recently reported earnings of $0.20 per share, surpassing expectations and showing a 32.9% increase in quarterly revenue year-over-year, totaling $876.42 million.
• Barclays raised its price target for Affirm from $67.00 to $80.00 and assigned an "overweight" rating, reflecting positive sentiment from analysts, with the stock currently having an average rating of "Moderate Buy."

Trexquant Investment LP lifted its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 17.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 282,962 shares of the company's stock after acquiring an additional 42,667 shares during the quarter. Trexquant Investment LP owned 0.09% of Affirm worth $12,787,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of AFRM. KLP Kapitalforvaltning AS lifted its stake in Affirm by 0.4% in the 1st quarter. KLP Kapitalforvaltning AS now owns 49,100 shares of the company's stock valued at $2,219,000 after buying an additional 200 shares in the last quarter. Allworth Financial LP lifted its stake in Affirm by 63.7% in the 1st quarter. Allworth Financial LP now owns 563 shares of the company's stock valued at $27,000 after buying an additional 219 shares in the last quarter. Sei Investments Co. lifted its stake in Affirm by 0.6% in the 1st quarter. Sei Investments Co. now owns 41,066 shares of the company's stock valued at $1,856,000 after buying an additional 226 shares in the last quarter. HB Wealth Management LLC lifted its stake in Affirm by 2.2% in the 1st quarter. HB Wealth Management LLC now owns 11,471 shares of the company's stock valued at $518,000 after buying an additional 252 shares in the last quarter. Finally, Amalgamated Bank lifted its stake in Affirm by 2.1% in the 1st quarter. Amalgamated Bank now owns 13,773 shares of the company's stock valued at $622,000 after buying an additional 280 shares in the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Affirm

In related news, CEO Max R. Levchin sold 499,223 shares of Affirm stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $80.17, for a total value of $40,022,707.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Siphelele Jiyane sold 15,871 shares of Affirm stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $75.00, for a total transaction of $1,190,325.00. Following the completion of the sale, the chief accounting officer owned 242,192 shares of the company's stock, valued at $18,164,400. This trade represents a 6.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,128,938 shares of company stock worth $89,217,029 in the last three months. Company insiders own 11.82% of the company's stock.

Affirm Trading Down 7.1%

Shares of NASDAQ AFRM traded down $6.24 during midday trading on Tuesday, reaching $82.22. 11,437,039 shares of the stock were exchanged, compared to its average volume of 7,405,547. The company has a 50 day simple moving average of $71.71 and a 200 day simple moving average of $59.09. The stock has a market capitalization of $26.52 billion, a P/E ratio of 630.19, a PEG ratio of 3.29 and a beta of 3.64. The company has a debt-to-equity ratio of 2.55, a quick ratio of 11.54 and a current ratio of 11.54. Affirm Holdings, Inc. has a twelve month low of $30.90 and a twelve month high of $100.00.

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AFRM. Bank of America raised their price target on shares of Affirm from $90.00 to $94.00 and gave the company a "buy" rating in a research note on Friday. JPMorgan Chase & Co. increased their price objective on shares of Affirm from $91.00 to $94.00 and gave the company an "overweight" rating in a report on Friday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Affirm in a report on Thursday, July 17th. They issued a "buy" rating and a $78.00 price objective for the company. BTIG Research downgraded shares of Affirm from a "buy" rating to a "neutral" rating in a report on Monday, July 14th. Finally, Wall Street Zen downgraded shares of Affirm from a "buy" rating to a "hold" rating in a report on Sunday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, Affirm has a consensus rating of "Moderate Buy" and an average price target of $79.04.

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.