Wealth Enhancement Advisory Services LLC Purchases Shares of 6,380 Affirm Holdings, Inc. $AFRM

Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 6,380 shares of the company's stock, valued at approximately $441,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its position in Affirm by 2,800.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,084 shares of the company's stock worth $2,083,000 after buying an additional 44,495 shares in the last quarter. Spire Wealth Management bought a new stake in shares of Affirm during the 1st quarter valued at about $120,000. BIT Capital GmbH bought a new stake in shares of Affirm during the 1st quarter valued at about $26,060,000. Aaron Wealth Advisors LLC purchased a new position in shares of Affirm during the second quarter worth about $226,000. Finally, Rhumbline Advisers increased its position in shares of Affirm by 2.5% in the first quarter. Rhumbline Advisers now owns 255,582 shares of the company's stock worth $11,550,000 after purchasing an additional 6,131 shares during the last quarter. Hedge funds and other institutional investors own 69.29% of the company's stock.

Affirm Stock Performance

Affirm stock opened at $75.86 on Tuesday. The company has a current ratio of 11.54, a quick ratio of 11.54 and a debt-to-equity ratio of 2.55. The firm has a market cap of $24.70 billion, a P/E ratio of 583.58, a P/E/G ratio of 4.86 and a beta of 3.58. Affirm Holdings, Inc. has a 1-year low of $30.90 and a 1-year high of $100.00. The firm has a 50-day moving average of $79.63 and a 200-day moving average of $63.42.

Affirm (NASDAQ:AFRM - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The company reported $0.20 EPS 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 quarterly revenue was up 32.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.14) EPS. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Sell-side analysts expect that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Analyst Ratings Changes

AFRM has been the subject of several research analyst reports. UBS Group lifted their target price on shares of Affirm from $56.00 to $85.00 and gave the company a "neutral" rating in a research report on Friday, August 29th. Citigroup restated an "outperform" rating on shares of Affirm in a research report on Friday, August 29th. Susquehanna lifted their price objective on shares of Affirm from $65.00 to $76.00 and gave the stock a "positive" rating in a report on Wednesday, July 23rd. Morgan Stanley set a $90.00 target price on Affirm in a research note on Friday, August 29th. Finally, Royal Bank Of Canada restated a "sector perform" rating on shares of Affirm in a research report on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, Affirm currently has a consensus rating of "Moderate Buy" and a consensus target price of $82.04.

Insider Buying and Selling

In other news, CFO Robert O'hare sold 31,423 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $83.30, for a total value of $2,617,535.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Christa S. Quarles sold 15,000 shares of the business's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $93.00, for a total transaction of $1,395,000.00. Following the transaction, the director owned 122,241 shares in the company, valued at $11,368,413. This represents a 10.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,844,552 shares of company stock valued at $154,885,240 over the last three months. 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.

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