Western Wealth Management LLC Purchases New Position in Affirm Holdings, Inc. $AFRM

Western Wealth Management LLC purchased a new position in Affirm Holdings, Inc. (NASDAQ:AFRM) in the second quarter, Holdings Channel reports. The institutional investor purchased 4,225 shares of the company’s stock, valued at approximately $292,000.

Several other hedge funds also recently made changes to their positions in AFRM. Huntington National Bank boosted its stake in Affirm by 634.0% in the 2nd quarter. Huntington National Bank now owns 389 shares of the company’s stock worth $27,000 after purchasing an additional 336 shares during the period. SouthState Corp lifted its holdings in shares of Affirm by 190.5% in the second quarter. SouthState Corp now owns 427 shares of the company’s stock worth $30,000 after buying an additional 280 shares in the last quarter. Blume Capital Management Inc. lifted its holdings in shares of Affirm by 468.8% in the second quarter. Blume Capital Management Inc. now owns 455 shares of the company’s stock worth $31,000 after buying an additional 375 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Affirm by 86.6% in the second 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. Finally, Allworth Financial LP boosted its position in shares of Affirm by 41.9% in the second quarter. Allworth Financial LP now owns 799 shares of the company’s stock valued at $55,000 after acquiring an additional 236 shares during the period. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Affirm Trading Down 3.6%

Shares of AFRM opened at $65.69 on Wednesday. The stock has a market capitalization of $21.68 billion, a P/E ratio of 98.04, a PEG ratio of 3.07 and a beta of 3.57. Affirm Holdings, Inc. has a twelve month low of $30.90 and a twelve month high of $100.00. The company has a quick ratio of 12.80, a current ratio of 12.80 and a debt-to-equity ratio of 2.40. The firm has a fifty day simple moving average of $76.32 and a two-hundred day simple moving average of $69.70.

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

Insiders Place Their Bets

In related news, CFO Robert O’hare sold 31,423 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $83.30, for a total transaction of $2,617,535.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Max R. 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,724,438 shares of company stock valued at $145,688,967 over the last quarter. 11.01% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AFRM. Mizuho boosted their price target 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. Citigroup raised Affirm to a “strong-buy” rating in a research note on Thursday, October 23rd. Bank of America boosted their target price on Affirm from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Redburn Partners set a $101.00 target price on Affirm in a research note on Monday, October 6th. Finally, JPMorgan Chase & Co. raised their price target on Affirm from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 29th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $86.57.

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.