Paradigm Asset Management Co. LLC Cuts Stock Holdings in Affirm Holdings, Inc. $AFRM

Paradigm Asset Management Co. LLC lowered its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 38.3% during the 2nd quarter, Holdings Channel reports. The firm owned 2,900 shares of the company’s stock after selling 1,800 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in Affirm were worth $201,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GraniteShares Advisors LLC purchased a new position in Affirm in the second quarter worth about $554,000. Toth Financial Advisory Corp purchased a new position in shares of Affirm in the 2nd quarter worth approximately $705,000. Lecap Asset Management Ltd. increased its position in shares of Affirm by 97.6% during the 2nd quarter. Lecap Asset Management Ltd. now owns 21,485 shares of the company’s stock valued at $1,485,000 after purchasing an additional 10,611 shares during the last quarter. Truist Financial Corp raised its holdings in Affirm by 236.6% during the 2nd quarter. Truist Financial Corp now owns 60,725 shares of the company’s stock valued at $4,199,000 after buying an additional 42,686 shares during the period. Finally, Nordea Investment Management AB lifted its position in Affirm by 121.7% in the second quarter. Nordea Investment Management AB now owns 229,837 shares of the company’s stock worth $15,882,000 after buying an additional 126,186 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.

Affirm Stock Performance

Affirm stock opened at $73.62 on Friday. 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 company has a market capitalization of $23.97 billion, a PE ratio of 109.88, a P/E/G ratio of 4.74 and a beta of 3.57. The company has a 50 day moving average price of $78.31 and a 200-day moving average price of $68.43. Affirm Holdings, Inc. has a fifty-two week low of $30.90 and a fifty-two week high of $100.00.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.11 by $0.12. Affirm had a return on equity of 8.01% and a net margin of 6.74%.The company had revenue of $933.34 million for the quarter, compared to the consensus estimate of $881.83 million. During the same period last year, the business posted ($0.31) EPS. Affirm’s quarterly revenue was up 33.6% on a year-over-year basis. Affirm has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS. As a group, equities analysts forecast that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on AFRM shares. Citigroup upgraded shares of Affirm to a “strong-buy” rating in a report on Thursday, October 23rd. Rothschild Redb raised shares of Affirm from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Jefferies Financial Group boosted their target price on Affirm from $82.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, August 26th. UBS Group increased their price target on Affirm from $56.00 to $85.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. Finally, JMP Securities raised their price target on Affirm from $75.00 to $105.00 and gave the stock a “market outperform” rating in a research note on Friday, August 29th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $86.78.

Insider Transactions at Affirm

In related news, insider Katherine Adkins sold 36,878 shares of the company’s stock in a transaction dated Friday, August 29th. The shares were sold at an average price of $95.00, for a total value of $3,503,410.00. Following the completion of the sale, the insider directly owned 113,400 shares of the company’s stock, valued at $10,773,000. This represents a 24.54% 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, CAO Siphelele Jiyane sold 12,500 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $85.42, for a total transaction of $1,067,750.00. Following the transaction, the chief accounting officer owned 213,967 shares in the company, valued at approximately $18,277,061.14. The trade was a 5.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,761,596 shares of company stock valued at $148,662,354 over the last three months. 11.01% of the stock is currently owned by corporate insiders.

Affirm 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.