KLP Kapitalforvaltning AS Buys 2,500 Shares of Affirm Holdings, Inc. $AFRM

KLP Kapitalforvaltning AS lifted its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 5.1% in the second quarter, HoldingsChannel reports. The fund owned 51,600 shares of the company’s stock after acquiring an additional 2,500 shares during the period. KLP Kapitalforvaltning AS’s holdings in Affirm were worth $3,568,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Allworth Financial LP grew its stake in shares of 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 acquiring an additional 219 shares during the period. UMB Bank n.a. grew its stake in shares of Affirm by 86.6% during the 2nd quarter. UMB Bank n.a. now owns 569 shares of the company’s stock valued at $39,000 after acquiring an additional 264 shares during the period. Sound Income Strategies LLC bought a new position in Affirm in the 2nd quarter worth approximately $59,000. SVB Wealth LLC purchased a new stake in Affirm during the 1st quarter valued at approximately $47,000. Finally, Farther Finance Advisors LLC grew its holdings 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 in the last quarter. 69.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AFRM shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Affirm in a research report on Thursday, July 17th. They set a “buy” rating and a $78.00 price objective on the stock. BTIG Research cut shares of Affirm from a “buy” rating to a “neutral” rating in a research report on Monday, July 14th. Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a research report on Wednesday, July 2nd. Mizuho lifted their price objective on shares of Affirm from $70.00 to $108.00 and gave the company an “outperform” rating in a research report on Tuesday, September 2nd. Finally, Barclays lifted their price objective on shares of Affirm from $67.00 to $80.00 and gave the company an “overweight” rating in a research report on Monday, June 30th. Two analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $82.65.

Insider Buying and Selling

In related news, Director Christa S. Quarles sold 15,000 shares of the firm’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $93.00, for a total value of $1,395,000.00. Following the completion of the sale, the director directly owned 122,241 shares in the company, valued at $11,368,413. This trade represents a 10.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Robert O’hare sold 31,423 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $83.30, for a total value of $2,617,535.90. The disclosure for this sale can be found here. Insiders sold 1,844,552 shares of company stock valued at $154,885,240 over the last 90 days. 11.82% of the stock is currently owned by insiders.

Affirm Stock Down 8.2%

Shares of AFRM opened at $71.14 on Friday. The business’s 50 day simple moving average is $80.23 and its 200-day simple moving average is $64.01. Affirm Holdings, Inc. has a 1 year low of $30.90 and a 1 year high of $100.00. The stock has a market capitalization of $23.17 billion, a price-to-earnings ratio of 547.27, a price-to-earnings-growth ratio of 4.71 and a beta of 3.58. 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 (NASDAQ:AFRM) last issued its quarterly 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. The company had revenue of $876.42 million during the quarter, compared to the consensus estimate of $834.94 million. Affirm had a return on equity of 1.80% and a net margin of 1.62%.Affirm’s revenue was up 32.9% on a year-over-year basis. During the same period last year, the company earned ($0.14) earnings per share. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, equities analysts expect that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

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.