Flagship Harbor Advisors LLC Takes $2.41 Million Position in Affirm Holdings, Inc. $AFRM

Flagship Harbor Advisors LLC purchased a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 32,947 shares of the company’s stock, valued at approximately $2,408,000.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in Affirm during the 2nd quarter worth $183,475,000. Atreides Management LP increased its position in Affirm by 543.3% during the second quarter. Atreides Management LP now owns 1,977,882 shares of the company’s stock worth $136,751,000 after acquiring an additional 1,670,429 shares during the period. Vanguard Group Inc. raised its stake in Affirm by 4.0% in the 2nd quarter. Vanguard Group Inc. now owns 24,195,810 shares of the company’s stock worth $1,672,898,000 after purchasing an additional 922,813 shares in the last quarter. Foxhaven Asset Management LP boosted its holdings in Affirm by 39.1% in the 2nd quarter. Foxhaven Asset Management LP now owns 2,896,908 shares of the company’s stock valued at $200,292,000 after purchasing an additional 814,951 shares during the period. Finally, Durable Capital Partners LP boosted its holdings in Affirm by 12.3% in the 2nd quarter. Durable Capital Partners LP now owns 7,389,337 shares of the company’s stock valued at $510,899,000 after purchasing an additional 808,455 shares during the period. 69.29% of the stock is currently owned by institutional investors.

Affirm News Roundup

Here are the key news stories impacting Affirm this week:

• Positive Sentiment: Affirm beat quarterly EPS estimates, reporting $0.37 vs. the $0.28 consensus, marking an improvement year-over-year. Affirm Tops Q2 Earnings
• Positive Sentiment: Revenue jumped ~30% to $1.12 billion, driven by higher gross merchandise volume — evidence demand is scaling across merchants and consumers. Affirm Sales Jump
• Positive Sentiment: Management signaled stronger full‑year revenue guidance (reported as lifted in press coverage) and provided quarter-level revenue targets roughly in line with consensus — a partial affirmative on near-term growth assumptions. Guidance Lifted
• Positive Sentiment: Analyst sentiment is improving: Morgan Stanley raised its rating to Overweight, providing a near-term catalyst/support for the stock. MS Upgrade
• Neutral Sentiment: Company filed its earnings release, investor letter and slide deck; management will host a conference call/webcast to discuss results and outlook (useful for digging into loss drivers and margin cadence). Press Release
• Negative Sentiment: Shares fell after the results because credit losses widened during the quarter — investors are focused on loan-loss trends and potential pressure on future profitability. Credit Losses Widen
• Negative Sentiment: While revenue guidance was roughly in-line or slightly above some estimates, certain quarter-level outlook items were described as “in line,” which may have disappointed traders expecting a clearer beat or larger upward revision. Guidance Reaction

Insider Buying and Selling

In other news, CFO Robert O’hare sold 36,401 shares of the company’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $80.00, for a total transaction of $2,912,080.00. Following the completion of the transaction, the chief financial officer directly owned 1,368 shares in the company, valued at approximately $109,440. This represents a 96.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Max R. Levchin sold 666,666 shares of the stock in a transaction on Monday, January 5th. The shares were sold at an average price of $80.62, for a total value of $53,746,612.92. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 711,256 shares of company stock valued at $57,231,923. 11.01% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AFRM shares. Bank of America lifted their price target on shares of Affirm from $94.00 to $98.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Truist Financial dropped their price objective on Affirm from $90.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. Wall Street Zen lowered Affirm from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Needham & Company LLC raised Affirm from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Tuesday, January 27th. Finally, Evercore ISI reiterated an “outperform” rating on shares of Affirm in a research note on Tuesday, December 16th. Three research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.16.

Affirm Stock Performance

NASDAQ:AFRM opened at $59.42 on Friday. Affirm Holdings, Inc. has a twelve month low of $30.90 and a twelve month high of $100.00. The company has a quick ratio of 12.80, a current ratio of 12.80 and a debt-to-equity ratio of 2.40. The stock’s 50-day simple moving average is $71.81 and its 200 day simple moving average is $74.24. The firm has a market capitalization of $19.61 billion, a PE ratio of 88.69, a price-to-earnings-growth ratio of 2.76 and a beta of 3.56.

Affirm (NASDAQ:AFRM) last issued its earnings results on Thursday, February 5th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.28 by $0.09. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.06 billion. Affirm had a return on equity of 7.75% and a net margin of 6.74%.The business’s quarterly revenue was up 29.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.23 earnings per share. On average, analysts anticipate that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Affirm Company Profile

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.