Vanguard Group Inc. Increases Stake in Affirm Holdings, Inc. $AFRM

Vanguard Group Inc. grew its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 4.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,195,810 shares of the company’s stock after buying an additional 922,813 shares during the quarter. Vanguard Group Inc. owned 7.50% of Affirm worth $1,672,898,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. increased its position in shares of Affirm by 7.3% in the first quarter. Victory Capital Management Inc. now owns 70,629 shares of the company’s stock valued at $3,192,000 after acquiring an additional 4,810 shares during the period. IFP Advisors Inc lifted its stake in shares of Affirm by 27.2% in the 1st quarter. IFP Advisors Inc now owns 4,373 shares of the company’s stock valued at $198,000 after purchasing an additional 935 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Affirm during the 1st quarter valued at $1,672,000. KLP Kapitalforvaltning AS boosted its stake in Affirm by 0.4% during the first quarter. KLP Kapitalforvaltning AS now owns 49,100 shares of the company’s stock worth $2,219,000 after acquiring an additional 200 shares in the last quarter. Finally, Zweig DiMenna Associates LLC bought a new stake in shares of Affirm in the 1st quarter worth approximately $3,023,000. 69.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AFRM has been the topic of several recent analyst reports. Royal Bank Of Canada cut their price objective on shares of Affirm from $97.00 to $87.00 and set a “sector perform” rating on the stock in a research report on Friday, November 7th. Jefferies Financial Group lifted their price objective on Affirm from $82.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, August 26th. Wells Fargo & Company began coverage on shares of Affirm in a report on Tuesday, October 21st. They set an “overweight” rating and a $89.00 target price for the company. Wall Street Zen raised Affirm from a “hold” rating to a “buy” rating in a research note on Saturday, October 11th. Finally, Citigroup raised Affirm to a “strong-buy” rating in a research report on Thursday, October 23rd. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $86.57.

Affirm Stock Performance

NASDAQ:AFRM opened at $64.38 on Friday. The stock has a 50-day moving average price of $75.18 and a 200 day moving average price of $69.71. The stock has a market capitalization of $21.25 billion, a P/E ratio of 96.09, a P/E/G ratio of 2.81 and a beta of 3.57. Affirm Holdings, Inc. has a 12-month low of $30.90 and a 12-month high of $100.00. The company has a current ratio of 12.80, a quick ratio of 12.80 and a debt-to-equity ratio of 2.40.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.12. Affirm had a return on equity of 7.75% and a net margin of 6.74%.The company had revenue of $933.34 million for the quarter, compared to analysts’ expectations of $881.83 million. During the same period in the previous year, the firm earned ($0.31) EPS. The firm’s revenue was up 33.6% compared to the same quarter last year. Affirm has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS. Equities research analysts forecast that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Insider Activity at Affirm

In other Affirm news, CFO Robert O’hare sold 31,423 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $83.30, for a total transaction of $2,617,535.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christa S. Quarles sold 15,000 shares of Affirm stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $93.00, for a total value of $1,395,000.00. Following the completion of the sale, the director directly owned 122,241 shares in the company, valued at $11,368,413. This trade represents a 10.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,294,995 shares of company stock valued at $111,293,203 in the last ninety days. Corporate insiders own 11.01% of the company’s stock.

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.