Truist Financial Corp Acquires 42,686 Shares of Affirm Holdings, Inc. $AFRM

Truist Financial Corp lifted its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 236.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 60,725 shares of the company’s stock after purchasing an additional 42,686 shares during the period. Truist Financial Corp’s holdings in Affirm were worth $4,199,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in Affirm by 15.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,300 shares of the company’s stock valued at $90,000 after buying an additional 175 shares during the period. KLP Kapitalforvaltning AS boosted its position in Affirm by 0.4% during the 1st quarter. KLP Kapitalforvaltning AS now owns 49,100 shares of the company’s stock valued at $2,219,000 after buying an additional 200 shares during the period. Allworth Financial LP boosted its position in Affirm by 63.7% during the 1st 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 period. Sei Investments Co. boosted its position in Affirm by 0.6% during the 1st quarter. Sei Investments Co. now owns 41,066 shares of the company’s stock valued at $1,856,000 after buying an additional 226 shares during the period. Finally, HB Wealth Management LLC boosted its position in Affirm by 2.2% during the 1st quarter. HB Wealth Management LLC now owns 11,471 shares of the company’s stock valued at $518,000 after buying an additional 252 shares during the period. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Affirm Stock Down 1.8%

NASDAQ:AFRM opened at $75.25 on Thursday. The firm has a market cap of $24.51 billion, a P/E ratio of 578.89, a P/E/G ratio of 4.98 and a beta of 3.58. 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 Holdings, Inc. has a fifty-two week low of $30.90 and a fifty-two week high of $100.00. The firm has a 50-day simple moving average of $79.96 and a two-hundred day simple moving average of $63.60.

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

Analyst Ratings Changes

Several equities research analysts have weighed in on AFRM shares. Citigroup reissued an “outperform” rating on shares of Affirm in a research report on Friday, August 29th. Oppenheimer set a $80.00 price target on shares of Affirm and gave the company an “outperform” rating in a research report on Monday, July 21st. Rothschild Redb raised shares of Affirm from a “hold” rating to a “strong-buy” rating in a research report on Monday. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Affirm in a research report on Tuesday, September 23rd. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Affirm in a research report on Thursday, July 17th. They issued a “buy” rating and a $78.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, Affirm currently has an average rating of “Moderate Buy” and an average target price of $82.65.

Insider Transactions at Affirm

In other news, CEO Max R. Levchin sold 651,713 shares of Affirm stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $89.27, for a total value of $58,178,419.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert O’hare sold 31,423 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $83.30, for a total transaction of $2,617,535.90. 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. Company 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.