Affirm Holdings, Inc. $AFRM Shares Purchased by Trexquant Investment LP

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 grew its stake 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 Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 282,962 shares of the company's stock after buying an additional 42,667 shares during the period. Trexquant Investment LP owned 0.09% of Affirm worth $12,787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Durable Capital Partners LP grew its position 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 purchasing an additional 2,888,827 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Affirm by 140.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,544,132 shares of the company's stock worth $205,350,000 after buying an additional 2,657,074 shares in the last quarter. Vanguard Group Inc. boosted its stake in 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 last quarter. Foxhaven Asset Management LP purchased a new position in Affirm during the 4th quarter valued at approximately $80,917,000. Finally, Voloridge Investment Management LLC purchased a new position in Affirm during the 4th quarter valued at approximately $76,738,000. Hedge funds and other institutional investors own 69.29% of the company's stock.

Analysts Set New Price Targets

AFRM has been the topic of several recent research reports. Truist Financial upped their price objective on Affirm from $58.00 to $72.00 and gave the stock a "buy" rating in a report on Thursday, July 17th. Stephens initiated coverage on shares of Affirm in a research note on Thursday, June 12th. They set an "equal weight" rating and a $69.00 price target on the stock. 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 research report on Friday, August 29th. Mizuho lifted their price objective on shares of Affirm from $70.00 to $108.00 and gave the stock an "outperform" rating in a research note on Tuesday. Finally, Oppenheimer set a $80.00 target price on shares of Affirm and gave the company an "outperform" rating in a research report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $79.04.

Affirm Trading Up 2.0%

AFRM stock traded up $1.62 during midday trading on Wednesday, reaching $83.84. The company's stock had a trading volume of 3,356,305 shares, compared to its average volume of 7,397,814. Affirm Holdings, Inc. has a 1 year low of $30.90 and a 1 year high of $100.00. The firm has a market capitalization of $27.05 billion, a price-to-earnings ratio of 644.97, a PEG ratio of 3.29 and a beta of 3.64. The stock has a fifty day simple moving average of $72.04 and a two-hundred day simple moving average of $59.25. The company has a debt-to-equity ratio of 2.55, a quick ratio of 11.47 and a current ratio of 11.54.

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

Insider Buying and Selling

In other news, insider Katherine Adkins sold 6,489 shares of the stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $75.00, for a total value of $486,675.00. Following the sale, the insider owned 113,400 shares in the company, valued at $8,505,000. This represents a 5.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Michael Linford sold 184,200 shares of the business'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 $14,752,578.00. Following the completion of the transaction, the chief operating officer directly owned 109,840 shares of the company's stock, valued at $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. Insiders sold 1,128,938 shares of company stock worth $89,217,029 over the last ninety days. Company 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.