DNB Asset Management AS Purchases New Shares in Affirm Holdings, Inc. $AFRM

DNB Asset Management AS acquired a new position in Affirm Holdings, Inc. (NASDAQ:AFRM) during the second quarter, HoldingsChannel reports. The fund acquired 2,919 shares of the company’s stock, valued at approximately $202,000.

Several other large investors also recently made changes to their positions in the business. Huntington National Bank increased its stake in shares of Affirm by 634.0% in the second quarter. Huntington National Bank now owns 389 shares of the company’s stock valued at $27,000 after buying an additional 336 shares in the last quarter. SouthState Corp increased its position in Affirm by 190.5% in 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. increased its position in Affirm by 468.8% in 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. UMB Bank n.a. raised its stake in shares of Affirm by 86.6% in the second quarter. UMB Bank n.a. now owns 569 shares of the company’s stock worth $39,000 after acquiring an additional 264 shares during the last quarter. Finally, Allworth Financial LP lifted its position in shares of Affirm by 41.9% during the second quarter. Allworth Financial LP now owns 799 shares of the company’s stock worth $55,000 after purchasing an additional 236 shares in the last quarter. Institutional investors own 69.29% of the company’s stock.

Affirm Stock Performance

AFRM stock opened at $68.80 on Thursday. 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 company has a market cap of $22.71 billion, a P/E ratio of 102.69, a price-to-earnings-growth ratio of 3.11 and a beta of 3.57. The business’s fifty day moving average is $73.87 and its 200-day moving average is $70.20.

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

Insider Buying and Selling

In other Affirm news, CAO Siphelele Jiyane sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $85.42, for a total value of $1,067,750.00. Following the completion of the sale, the chief accounting officer owned 213,967 shares of the company’s stock, valued at approximately $18,277,061.14. This represents a 5.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christa S. Quarles sold 15,000 shares of the stock in a transaction on Friday, August 29th. The stock was sold at an average price of $93.00, for a total transaction of $1,395,000.00. Following the completion of the sale, the director owned 122,241 shares in the company, valued at approximately $11,368,413. This trade represents a 10.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 795,772 shares of company stock worth $71,270,495 over the last quarter. Insiders own 11.01% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. JMP Securities raised their price target on shares of Affirm from $75.00 to $105.00 and gave the company a “market outperform” rating in a report on Friday, August 29th. UBS Group lifted their target price on Affirm from $56.00 to $85.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Royal Bank Of Canada dropped their target price on Affirm from $97.00 to $87.00 and set a “sector perform” rating for the company in a research report on Friday, November 7th. Jefferies Financial Group upped their price target on Affirm from $82.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, August 26th. Finally, JPMorgan Chase & Co. lifted their price objective on Affirm from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, Affirm has a consensus rating of “Moderate Buy” and an average price target of $86.57.

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.