Park Avenue Securities LLC Takes Position in Affirm Holdings, Inc. $AFRM

Park Avenue Securities LLC acquired a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 6,866 shares of the company’s stock, valued at approximately $475,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AFRM. Allworth Financial LP lifted its stake in shares of Affirm by 63.7% in the 1st quarter. Allworth Financial LP now owns 563 shares of the company’s stock valued at $27,000 after purchasing an additional 219 shares during the period. UMB Bank n.a. lifted its stake in shares of Affirm by 86.6% in the 2nd quarter. UMB Bank n.a. now owns 569 shares of the company’s stock valued at $39,000 after purchasing an additional 264 shares during the period. SVB Wealth LLC acquired a new position in shares of Affirm in the 1st quarter valued at about $47,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in Affirm by 3,637.8% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,383 shares of the company’s stock worth $62,000 after buying an additional 1,346 shares during the period. Finally, First Horizon Advisors Inc. acquired a new position in Affirm during the 1st quarter worth approximately $69,000. 69.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Bank of America upped their price target on Affirm from $90.00 to $94.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Evercore ISI reaffirmed an “outperform” rating on shares of Affirm in a research note on Tuesday, September 16th. Stephens assumed coverage on Affirm in a research note on Thursday, June 12th. They set an “equal weight” rating and a $69.00 price target on the stock. BTIG Research downgraded Affirm from a “buy” rating to a “neutral” rating in a research note on Monday, July 14th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Affirm in a research note on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, Affirm has a consensus rating of “Moderate Buy” and an average target price of $80.04.

Affirm Stock Performance

Shares of AFRM opened at $76.56 on Tuesday. 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 stock has a 50 day moving average price of $78.75 and a two-hundred day moving average price of $62.45. The firm has a market capitalization of $24.93 billion, a P/E ratio of 588.97, a P/E/G ratio of 4.94 and a beta of 3.64. Affirm Holdings, Inc. has a 52 week low of $30.90 and a 52 week high of $100.00.

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

Insider Buying and Selling

In other news, CFO Robert O’hare sold 77,800 shares of the company’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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Michael Linford sold 184,200 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $80.09, for a total value of $14,752,578.00. Following the completion of the transaction, the chief operating officer directly owned 109,840 shares of the company’s stock, valued at approximately $8,797,085.60. This represents a 62.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,921,456 shares of company stock valued at $160,284,531 over the last quarter. Corporate insiders own 11.82% of the company’s stock.

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.