VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Affirm Holdings, Inc. $AFRM

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 47,488 shares of the company’s stock, valued at approximately $3,283,000.

A number of other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in Affirm by 6.7% during the first quarter. Vanguard Group Inc. now owns 23,272,997 shares of the company’s stock worth $1,051,707,000 after buying an additional 1,457,434 shares during the last quarter. Durable Capital Partners LP raised its stake in 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 buying an additional 722,599 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Affirm by 140.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,544,132 shares of the company’s stock worth $205,350,000 after buying an additional 2,657,074 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Affirm by 0.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,279,218 shares of the company’s stock worth $102,998,000 after buying an additional 7,160 shares during the last quarter. Finally, Lord Abbett & CO. LLC raised its stake in Affirm by 1,137.5% during the first quarter. Lord Abbett & CO. LLC now owns 1,282,663 shares of the company’s stock worth $57,964,000 after buying an additional 1,179,016 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Redburn Atlantic raised shares of Affirm to a “hold” rating in a research note on Friday, August 1st. Rothschild Redb raised shares of Affirm from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Susquehanna lifted their price target on shares of Affirm from $65.00 to $76.00 and gave the company a “positive” rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. lifted their price target on shares of Affirm from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, August 29th. Finally, Zacks Research downgraded shares of Affirm from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Affirm has a consensus rating of “Moderate Buy” and a consensus target price of $86.00.

Insider Activity

In other news, insider Katherine Adkins sold 59,267 shares of Affirm stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $75.02, for a total transaction of $4,446,210.34. Following the completion of the transaction, the insider directly owned 113,400 shares in the company, valued at $8,507,268. This trade represents a 34.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Robert O’hare sold 77,800 shares of Affirm stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $80.09, for a total transaction of $6,231,002.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,844,552 shares of company stock valued at $154,885,240. 11.82% of the stock is currently owned by insiders.

Affirm Trading Up 6.2%

AFRM 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 company has a current ratio of 11.54, a quick ratio of 11.54 and a debt-to-equity ratio of 2.55. The company has a market cap of $23.47 billion, a P/E ratio of 554.50, a price-to-earnings-growth ratio of 4.45 and a beta of 3.58. The company has a fifty day moving average price of $79.77 and a two-hundred day moving average price of $65.31.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Thursday, August 28th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.09. The firm had revenue of $876.42 million during the quarter, compared to analysts’ expectations of $834.94 million. Affirm had a net margin of 1.62% and a return on equity of 1.80%. The business’s revenue was up 32.9% on a year-over-year basis. During the same period last year, the company earned ($0.14) earnings per share. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Analysts predict that Affirm Holdings, Inc. will post -0.18 EPS 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.