Farther Finance Advisors LLC Grows Position in Affirm Holdings, Inc. $AFRM

Farther Finance Advisors LLC lifted its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 15.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,300 shares of the company’s stock after buying an additional 175 shares during the period. Farther Finance Advisors LLC’s holdings in Affirm were worth $90,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Allworth Financial LP boosted its position in shares of Affirm by 63.7% during the first quarter. Allworth Financial LP now owns 563 shares of the company’s stock valued at $27,000 after buying an additional 219 shares during the last quarter. UMB Bank n.a. boosted its position in Affirm by 86.6% in the second quarter. UMB Bank n.a. now owns 569 shares of the company’s stock worth $39,000 after purchasing an additional 264 shares during the last quarter. SVB Wealth LLC purchased a new position in Affirm in the first quarter worth about $47,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Affirm by 3,637.8% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,383 shares of the company’s stock worth $62,000 after purchasing an additional 1,346 shares during the last quarter. Finally, First Horizon Advisors Inc. purchased a new position in Affirm in the first quarter worth about $69,000. 69.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AFRM has been the topic of several research reports. JPMorgan Chase & Co. raised their target price on Affirm from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Wall Street Zen cut Affirm from a “buy” rating to a “hold” rating in a research report on Saturday, September 13th. Jefferies Financial Group raised their target price on Affirm from $82.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. BTIG Research cut Affirm from a “buy” rating to a “neutral” rating in a research report on Monday, July 14th. Finally, JMP Securities lifted their price objective on Affirm from $75.00 to $105.00 and gave the company a “market outperform” rating in a research report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat.com, Affirm presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.04.

Affirm Stock Performance

NASDAQ:AFRM opened at $74.83 on Friday. The company has a debt-to-equity ratio of 2.55, a current ratio of 11.54 and a quick ratio of 11.54. Affirm Holdings, Inc. has a 1 year low of $30.90 and a 1 year high of $100.00. The stock’s 50 day simple moving average is $79.46 and its two-hundred day simple moving average is $63.13. The company has a market cap of $24.37 billion, a price-to-earnings ratio of 575.66, a PEG ratio of 4.86 and a beta of 3.58.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data 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 business had revenue of $876.42 million for the quarter, compared to the consensus estimate of $834.94 million. During the same quarter in the previous year, the company posted ($0.14) EPS. The company’s 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.

Insiders Place Their Bets

In other news, CAO Siphelele Jiyane sold 12,500 shares of Affirm stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $85.42, for a total value of $1,067,750.00. Following the completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Max R. Levchin sold 651,713 shares of Affirm stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $89.27, for a total value of $58,178,419.51. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,921,456 shares of company stock worth $160,284,531. Insiders own 11.82% of the company’s stock.

About Affirm

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.