Nordea Investment Management AB Has $15.88 Million Position in Affirm Holdings, Inc. $AFRM

Nordea Investment Management AB raised its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 121.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 229,837 shares of the company’s stock after acquiring an additional 126,186 shares during the period. Nordea Investment Management AB’s holdings in Affirm were worth $15,882,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Allianz Asset Management GmbH lifted its stake in shares of Affirm by 6.0% in the second quarter. Allianz Asset Management GmbH now owns 108,313 shares of the company’s stock worth $7,489,000 after acquiring an additional 6,157 shares during the period. Ritholtz Wealth Management acquired a new position in shares of Affirm in the 2nd quarter worth approximately $284,000. RFG Advisory LLC boosted its stake in shares of Affirm by 102.5% in the 2nd quarter. RFG Advisory LLC now owns 11,474 shares of the company’s stock valued at $793,000 after purchasing an additional 5,807 shares during the last quarter. Moran Wealth Management LLC acquired a new stake in shares of Affirm during the second quarter worth $244,000. Finally, Atria Wealth Solutions Inc. raised its stake in Affirm by 33.2% during the second quarter. Atria Wealth Solutions Inc. now owns 10,538 shares of the company’s stock worth $729,000 after buying an additional 2,628 shares during the last quarter. 69.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on AFRM shares. The Goldman Sachs Group cut their price target on shares of Affirm from $105.00 to $94.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Redburn Partners set a $101.00 target price on Affirm in a research note on Monday, October 6th. Zacks Research downgraded Affirm from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Mizuho increased their price target on Affirm from $70.00 to $108.00 and gave the stock an “outperform” rating in a report on Tuesday, September 2nd. Finally, Rothschild & Co Redburn raised shares of Affirm from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $74.00 to $101.00 in a research report on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $86.00.

Affirm Trading Down 1.7%

Shares of Affirm stock opened at $67.90 on Monday. The stock has a market capitalization of $22.11 billion, a PE ratio of 522.35, a price-to-earnings-growth ratio of 4.45 and a beta of 3.58. Affirm Holdings, Inc. has a 52 week low of $30.90 and a 52 week high of $100.00. The stock has a 50 day moving average price of $79.79 and a two-hundred day moving average price of $65.06. The company has a debt-to-equity ratio of 2.55, a quick ratio of 11.54 and a current ratio of 11.54.

Affirm (NASDAQ:AFRM) last issued its earnings results on Thursday, August 28th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.09. Affirm had a return on equity of 1.80% and a net margin of 1.62%.The company had revenue of $876.42 million for the quarter, compared to analysts’ expectations of $834.94 million. During the same period last year, the business earned ($0.14) EPS. Affirm’s quarterly revenue was up 32.9% compared to the same quarter last year. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, equities analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Insider Activity

In other Affirm news, insider Katherine Adkins sold 59,267 shares of Affirm stock in a transaction dated Monday, August 4th. The stock was 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 in the company, valued at approximately $8,507,268. The trade was a 34.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert O’hare sold 77,800 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $80.09, for a total value of $6,231,002.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,844,552 shares of company stock valued at $154,885,240. 11.82% of the stock is currently owned by insiders.

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.