Insider Selling: Affirm (NASDAQ:AFRM) CEO Sells 651,713 Shares of Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) CEO Max Levchin sold 651,713 shares of Affirm stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $89.27, for a total transaction of $58,178,419.51. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Affirm Price Performance

Shares of NASDAQ AFRM opened at $77.94 on Friday. Affirm Holdings, Inc. has a fifty-two week low of $30.90 and a fifty-two week high of $100.00. The firm’s 50-day simple moving average is $78.41 and its 200 day simple moving average is $61.87. The company has a quick ratio of 11.54, a current ratio of 11.54 and a debt-to-equity ratio of 2.55. The stock has a market cap of $25.38 billion, a P/E ratio of 599.58, a P/E/G ratio of 5.29 and a beta of 3.64.

Affirm (NASDAQ:AFRM) last issued 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. Affirm had a net margin of 1.62% and a return on equity of 1.80%. The business had revenue of $876.42 million for the quarter, compared to analysts’ expectations of $834.94 million. During the same period in the previous year, the business earned ($0.14) earnings per share. The company’s revenue was up 32.9% on a year-over-year basis. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Equities analysts expect that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Institutional Trading of Affirm

Several institutional investors and hedge funds have recently bought and sold shares of AFRM. Allworth Financial LP raised its holdings in Affirm by 63.7% during the 1st quarter. Allworth Financial LP now owns 563 shares of the company’s stock worth $27,000 after buying an additional 219 shares during the period. Huntington National Bank grew its stake in Affirm by 634.0% during the 2nd quarter. Huntington National Bank now owns 389 shares of the company’s stock valued at $27,000 after acquiring an additional 336 shares in the last quarter. SouthState Corp grew its stake in Affirm by 190.5% during the 2nd quarter. SouthState Corp now owns 427 shares of the company’s stock valued at $30,000 after acquiring an additional 280 shares in the last quarter. Blume Capital Management Inc. grew its stake in Affirm by 468.8% during the 2nd quarter. Blume Capital Management Inc. now owns 455 shares of the company’s stock valued at $31,000 after acquiring an additional 375 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in 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 in the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on AFRM. 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 price target on the stock. Morgan Stanley set a $90.00 price target on shares of Affirm in a research report on Friday, August 29th. Evercore ISI reiterated an “outperform” rating on shares of Affirm in a research report on Tuesday, September 16th. Mizuho boosted their price target on shares of Affirm from $70.00 to $108.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 2nd. Finally, Citigroup reiterated an “outperform” rating on shares of Affirm in a research report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.04.

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.