VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 47,488 Affirm Holdings, Inc. $AFRM

Key Points

• The Virginia Retirement Systems purchased 47,488 shares of Affirm Holdings, Inc. valued at approximately $3,283,000 during the second quarter.
• Affirm's stock has a consensus rating of "Moderate Buy" with an average target price of $86.00, according to multiple brokerages.
• Insiders have sold a significant amount of shares recently, with a total of 1,844,552 shares sold, valued at $154.9 million over the last three months.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 47,488 shares of the company's stock, valued at approximately $3,283,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Nordea Investment Management AB grew its position in shares of Affirm by 121.7% during the 2nd quarter. Nordea Investment Management AB now owns 229,837 shares of the company's stock worth $15,882,000 after purchasing an additional 126,186 shares in the last quarter. Allianz Asset Management GmbH grew its position in shares of Affirm by 6.0% during the 2nd quarter. Allianz Asset Management GmbH now owns 108,313 shares of the company's stock worth $7,489,000 after purchasing an additional 6,157 shares in the last quarter. Ritholtz Wealth Management acquired a new position in shares of Affirm during the 2nd quarter worth approximately $284,000. RFG Advisory LLC grew its position in shares of Affirm by 102.5% during the 2nd quarter. RFG Advisory LLC now owns 11,474 shares of the company's stock worth $793,000 after purchasing an additional 5,807 shares in the last quarter. Finally, Moran Wealth Management LLC acquired a new position in shares of Affirm during the 2nd quarter worth approximately $244,000. Institutional investors and hedge funds own 69.29% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AFRM. BTIG Research lowered shares of Affirm from a "buy" rating to a "neutral" rating in a research report on Monday, July 14th. Needham & Company LLC restated a "hold" rating on shares of Affirm in a research report on Wednesday, July 2nd. Wall Street Zen upgraded shares of Affirm from a "hold" rating to a "buy" rating in a research report on Saturday, October 11th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Affirm in a research report on Tuesday, October 14th. Finally, Truist Financial increased their price target 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. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $86.00.

Insider Activity

In other news, insider Katherine Adkins sold 59,267 shares of the firm's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $75.02, for a total transaction of $4,446,210.34. Following the completion of the transaction, the insider owned 113,400 shares of the company's stock, valued at approximately $8,507,268. This trade represents a 34.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert O'hare sold 77,800 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $80.09, for a total transaction of $6,231,002.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,844,552 shares of company stock valued at $154,885,240. 11.82% of the stock is currently owned by company insiders.

Affirm Stock Performance

Shares of Affirm stock opened at $72.08 on Tuesday. Affirm Holdings, Inc. has a fifty-two week low of $30.90 and a fifty-two week high of $100.00. 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 firm has a market capitalization of $23.47 billion, a P/E ratio of 554.50, a P/E/G ratio of 4.45 and a beta of 3.58. The company's 50 day moving average price is $79.77 and its two-hundred day moving average price is $65.31.

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. Affirm had a net margin of 1.62% and a return on equity of 1.80%. The firm had revenue of $876.42 million for the quarter, compared to analyst estimates of $834.94 million. During the same quarter last year, the business posted ($0.14) earnings per share. The company's quarterly revenue was up 32.9% on a year-over-year basis. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, equities analysts forecast that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

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.

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