Jefferies Financial Group Inc. Cuts Stake in Affirm Holdings, Inc. $AFRM

Jefferies Financial Group Inc. lowered its position in Affirm Holdings, Inc. (NASDAQ:AFRM) by 92.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 13,580 shares of the company’s stock after selling 172,564 shares during the period. Jefferies Financial Group Inc.’s holdings in Affirm were worth $939,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Affirm by 4.0% in the second quarter. Vanguard Group Inc. now owns 24,195,810 shares of the company’s stock worth $1,672,898,000 after acquiring an additional 922,813 shares during the period. Durable Capital Partners LP increased its position in shares of 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. Geode Capital Management LLC increased its holdings in Affirm by 5.8% during the 2nd quarter. Geode Capital Management LLC now owns 4,659,287 shares of the company’s stock worth $322,195,000 after purchasing an additional 254,359 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Affirm by 140.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,544,132 shares of the company’s stock valued at $205,350,000 after acquiring an additional 2,657,074 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Affirm by 3.5% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,359,066 shares of the company’s stock worth $163,106,000 after purchasing an additional 79,848 shares during the last quarter. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Christa S. Quarles sold 15,000 shares of the stock in a transaction that occurred 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 completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Siphelele Jiyane sold 12,500 shares of Affirm stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $85.42, for a total value of $1,067,750.00. Following the transaction, the chief accounting officer directly owned 213,967 shares in the company, valued at approximately $18,277,061.14. The trade was a 5.52% 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 valued at $71,270,495 in the last three months. 11.01% of the stock is owned by corporate insiders.

Affirm Price Performance

AFRM stock opened at $68.80 on Thursday. The firm 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 stock has a 50-day simple moving average of $73.87 and a 200-day simple moving average of $70.20. Affirm Holdings, Inc. has a 1 year low of $30.90 and a 1 year high of $100.00. The company has a debt-to-equity ratio of 2.40, a quick ratio of 12.80 and a current ratio of 12.80.

Affirm (NASDAQ:AFRM) last announced its earnings results on Thursday, November 6th. The company reported $0.23 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $881.83 million. During the same period in the previous year, the company earned ($0.31) earnings per share. The company’s revenue for the quarter was up 33.6% compared to the same quarter last year. Affirm has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS. On average, equities analysts predict that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AFRM shares. Wells Fargo & Company began coverage on shares of Affirm in a report on Tuesday, October 21st. They issued an “overweight” rating and a $89.00 target price for the company. JMP Securities boosted their target price on Affirm from $75.00 to $105.00 and gave the company a “market outperform” rating in a report on Friday, August 29th. Truist Financial cut their price target on shares of Affirm from $90.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. Jefferies Financial Group raised their target price on Affirm from $82.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, August 26th. Finally, Citigroup upgraded shares of Affirm to a “strong-buy” rating in a research report on Thursday, October 23rd. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, Affirm has an average rating of “Moderate Buy” and an average target price 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.