DNB Asset Management AS Takes Position in Affirm Holdings, Inc. $AFRM

DNB Asset Management AS acquired a new position in Affirm Holdings, Inc. (NASDAQ:AFRM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,919 shares of the company’s stock, valued at approximately $202,000.

Several other hedge funds have also recently added to or reduced their stakes in AFRM. Price T Rowe Associates Inc. MD grew its holdings in Affirm by 140.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,544,132 shares of the company’s stock valued at $205,350,000 after buying an additional 2,657,074 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Affirm by 6.7% in the first quarter. Vanguard Group Inc. now owns 23,272,997 shares of the company’s stock worth $1,051,707,000 after acquiring an additional 1,457,434 shares during the last quarter. Lord Abbett & CO. LLC grew its stake in shares of Affirm by 1,137.5% in the first quarter. Lord Abbett & CO. LLC now owns 1,282,663 shares of the company’s stock worth $57,964,000 after acquiring an additional 1,179,016 shares during the last quarter. Durable Capital Partners LP increased its position in Affirm by 12.3% during the first quarter. Durable Capital Partners LP now owns 6,580,882 shares of the company’s stock worth $297,390,000 after acquiring an additional 722,599 shares during the period. Finally, Westfield Capital Management Co. LP acquired a new position in Affirm during the 2nd quarter valued at $48,314,000. Institutional investors own 69.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on AFRM shares. Morgan Stanley decreased their price target on shares of Affirm from $90.00 to $83.00 and set an “equal weight” rating on the stock in a research report on Friday, November 7th. Rothschild Redb raised Affirm from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Citigroup upgraded Affirm to a “strong-buy” rating in a research note on Thursday, October 23rd. Jefferies Financial Group upped their price target on Affirm from $82.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, August 26th. Finally, Rothschild & Co Redburn raised Affirm from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $74.00 to $101.00 in a report on Monday, October 6th. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $86.57.

Affirm Trading Down 0.0%

AFRM stock opened at $68.80 on Thursday. Affirm Holdings, Inc. has a 1-year low of $30.90 and a 1-year high of $100.00. The company has a current ratio of 12.80, a quick ratio of 12.80 and a debt-to-equity ratio of 2.40. The business’s 50 day moving average is $73.87 and its 200-day moving average is $70.20. The firm has a market cap of $22.71 billion, a P/E ratio of 102.69, a P/E/G ratio of 3.11 and a beta of 3.57.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, November 6th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.11 by $0.12. The business had revenue of $933.34 million during the quarter, compared to the consensus estimate of $881.83 million. Affirm had a return on equity of 7.75% and a net margin of 6.74%.Affirm’s revenue was up 33.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.31) EPS. Affirm has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS. Equities analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Insider Activity at Affirm

In other news, Director Christa S. Quarles sold 15,000 shares of the business’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $93.00, for a total value of $1,395,000.00. Following the sale, the director owned 122,241 shares in the company, valued at approximately $11,368,413. The trade was a 10.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert O’hare sold 31,423 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $83.30, for a total transaction of $2,617,535.90. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 795,772 shares of company stock valued at $71,270,495. Insiders own 11.01% 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.