Mission Wealth Management LP Sells 771 Shares of Affirm Holdings, Inc. $AFRM

Mission Wealth Management LP decreased its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 3.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,532 shares of the company’s stock after selling 771 shares during the period. Mission Wealth Management LP’s holdings in Affirm were worth $1,350,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in shares of Affirm by 15.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,300 shares of the company’s stock valued at $90,000 after purchasing an additional 175 shares during the last quarter. KLP Kapitalforvaltning AS lifted its position in Affirm by 0.4% in the first quarter. KLP Kapitalforvaltning AS now owns 49,100 shares of the company’s stock worth $2,219,000 after buying an additional 200 shares during the last quarter. Allworth Financial LP lifted its position in Affirm by 63.7% in the first quarter. Allworth Financial LP now owns 563 shares of the company’s stock worth $27,000 after buying an additional 219 shares during the last quarter. Sei Investments Co. increased its position in Affirm by 0.6% during the first quarter. Sei Investments Co. now owns 41,066 shares of the company’s stock valued at $1,856,000 after acquiring an additional 226 shares during the last quarter. Finally, HB Wealth Management LLC increased its position in Affirm by 2.2% during the first quarter. HB Wealth Management LLC now owns 11,471 shares of the company’s stock valued at $518,000 after acquiring an additional 252 shares during the last quarter. 69.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Christa S. Quarles sold 15,000 shares of the firm’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $93.00, for a total value of $1,395,000.00. Following the completion of the sale, the director owned 122,241 shares of the company’s stock, valued at $11,368,413. This trade represents a 10.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Katherine Adkins sold 36,878 shares of the firm’s stock in a transaction on Friday, August 29th. The stock was sold at an average price of $95.00, for a total value of $3,503,410.00. Following the completion of the sale, the insider directly owned 113,400 shares of the company’s stock, valued at $10,773,000. The trade was a 24.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,768,085 shares of company stock valued at $149,149,029 over the last quarter. Insiders own 11.82% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on AFRM. JMP Securities raised their target price on shares of Affirm from $75.00 to $105.00 and gave the stock a “market outperform” rating in a report on Friday, August 29th. UBS Group raised their price objective on shares of Affirm from $56.00 to $85.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Jefferies Financial Group upped their target price on Affirm from $82.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, August 26th. Zacks Research lowered Affirm from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Finally, Rothschild & Co Redburn raised Affirm from a “neutral” rating to a “buy” rating and raised their price target for the stock from $74.00 to $101.00 in a research note on Monday, October 6th. Three research 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $87.35.

Affirm Price Performance

Shares of AFRM stock opened at $72.08 on Tuesday. Affirm Holdings, Inc. has a 1-year low of $30.90 and a 1-year high of $100.00. The stock’s 50-day moving average is $79.14 and its 200 day moving average is $67.81. The company has a market cap of $23.47 billion, a P/E ratio of 554.50, a PEG ratio of 4.59 and a beta of 3.58. The company has a debt-to-equity ratio of 2.55, a current ratio of 11.54 and a quick ratio of 11.54.

Affirm (NASDAQ:AFRM) last announced its earnings results on Thursday, August 28th. The company reported $0.20 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $834.94 million. During the same period in the previous year, the company posted ($0.14) earnings per share. The firm’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. Research analysts predict that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

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.