Affirm (NASDAQ:AFRM) CAO Siphelele Jiyane Sells 22,725 Shares

Key Points

• Siphelele Jiyane, Affirm's Chief Accounting Officer, sold 22,725 shares of stock on August 29 for approximately $2.19 million, reducing his stake by 9.38%.
• Affirm's recent earnings report showed an EPS of $0.20, surpassing analyst expectations, and a revenue increase of 32.9% from the previous year to $876.42 million.
• Market analysts have adjusted price targets for Affirm, with JMP Securities raising their target to $105.00 and Citigroup maintaining an "outperform" rating.

Affirm Holdings, Inc. (NASDAQ:AFRM - Get Free Report) CAO Siphelele Jiyane sold 22,725 shares of the firm's stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $96.47, for a total transaction of $2,192,280.75. Following the completion of the sale, the chief accounting officer owned 219,467 shares of the company's stock, valued at $21,171,981.49. This trade represents a 9.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Siphelele Jiyane also recently made the following trade(s):

• On Thursday, September 4th, Siphelele Jiyane sold 25,533 shares of Affirm stock. The shares were sold at an average price of $90.71, for a total transaction of $2,316,098.43.
• On Monday, August 4th, Siphelele Jiyane sold 15,871 shares of Affirm stock. The shares were sold at an average price of $75.00, for a total transaction of $1,190,325.00.

Affirm Price Performance

NASDAQ:AFRM traded down $1.47 during mid-day trading on Monday, hitting $85.88. 6,337,792 shares of the company's stock traded hands, compared to its average volume of 9,295,981. The company has a debt-to-equity ratio of 2.55, a quick ratio of 11.54 and a current ratio of 11.54. The firm's 50 day simple moving average is $73.60 and its 200 day simple moving average is $59.43. Affirm Holdings, Inc. has a 1 year low of $30.90 and a 1 year high of $100.00. The company has a market cap of $27.97 billion, a PE ratio of 660.67, a price-to-earnings-growth ratio of 5.69 and a beta of 3.64.

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 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 company's quarterly revenue was up 32.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.14) earnings per share. 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.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in AFRM. MetLife Investment Management LLC lifted its position in shares of Affirm by 12.3% during the fourth quarter. MetLife Investment Management LLC now owns 4,554 shares of the company's stock worth $277,000 after purchasing an additional 499 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Affirm by 2.6% during the fourth quarter. Ameriprise Financial Inc. now owns 145,932 shares of the company's stock worth $8,887,000 after purchasing an additional 3,672 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of Affirm during the fourth quarter worth $240,000. Bridgefront Capital LLC acquired a new position in shares of Affirm during the fourth quarter worth $241,000. Finally, Cetera Investment Advisers lifted its position in shares of Affirm by 5.4% during the fourth quarter. Cetera Investment Advisers now owns 35,801 shares of the company's stock worth $2,180,000 after purchasing an additional 1,837 shares in the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AFRM has been the subject of a number of recent analyst reports. UBS Group boosted their target price on shares of Affirm from $56.00 to $85.00 and gave the company a "neutral" rating in a report on Friday, August 29th. Jefferies Financial Group boosted their target price on shares of Affirm from $82.00 to $95.00 and gave the company a "buy" rating in a report on Tuesday, August 26th. Oppenheimer set a $80.00 target price on shares of Affirm and gave the company an "outperform" rating in a report on Monday, July 21st. Stephens initiated coverage on shares of Affirm in a report on Thursday, June 12th. They issued an "equal weight" rating and a $69.00 target price for the company. Finally, Citigroup restated an "outperform" rating on shares of Affirm in a report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average 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.