Blueshift Asset Management LLC Increases Stock Position in Affirm Holdings, Inc. $AFRM

Blueshift Asset Management LLC increased its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 875.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,634 shares of the company’s stock after buying an additional 56,210 shares during the period. Affirm accounts for 1.3% of Blueshift Asset Management LLC’s holdings, making the stock its 4th largest position. Blueshift Asset Management LLC’s holdings in Affirm were worth $4,331,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AFRM. Huntington National Bank increased its stake in Affirm by 634.0% during the 2nd quarter. Huntington National Bank now owns 389 shares of the company’s stock worth $27,000 after acquiring an additional 336 shares during the period. SouthState Corp grew its holdings in shares of Affirm by 190.5% during the 2nd quarter. SouthState Corp now owns 427 shares of the company’s stock worth $30,000 after purchasing an additional 280 shares in the last quarter. Blume Capital Management Inc. increased its position 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 purchasing an additional 375 shares during the period. UMB Bank n.a. raised its stake in 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 purchasing an additional 264 shares in the last quarter. Finally, Allworth Financial LP lifted its position in 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 during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on AFRM. The Goldman Sachs Group decreased their target price on shares of Affirm from $105.00 to $94.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Morgan Stanley decreased their price objective on shares of Affirm from $90.00 to $83.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. Zacks Research cut Affirm from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. 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, Wells Fargo & Company started coverage on Affirm in a report on Tuesday, October 21st. They set an “overweight” rating and a $89.00 price target for the company. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Affirm presently has an average rating of “Moderate Buy” and an average target price of $86.57.

Insider Buying and Selling

In other Affirm news, CAO Siphelele Jiyane sold 25,533 shares of the company’s stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $90.71, for a total value of $2,316,098.43. Following the completion of the transaction, the chief accounting officer directly owned 226,467 shares in the company, valued at approximately $20,542,821.57. This represents a 10.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Max R. Levchin sold 651,713 shares of the firm’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $89.27, for a total transaction of $58,178,419.51. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 689,746 shares of company stock valued at $61,562,268. 11.01% of the stock is owned by company insiders.

Affirm Stock Down 2.7%

Shares of AFRM opened at $69.04 on Tuesday. 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 Holdings, Inc. has a 52 week low of $30.90 and a 52 week high of $100.00. The stock has a market capitalization of $22.79 billion, a price-to-earnings ratio of 103.04, a PEG ratio of 3.20 and a beta of 3.57. The stock has a fifty day moving average of $72.60 and a 200-day moving average of $70.65.

Affirm (NASDAQ:AFRM) last issued 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 during the quarter, compared to analysts’ expectations of $881.83 million. During the same quarter in the prior year, the firm earned ($0.31) EPS. The business’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. As a group, sell-side analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Affirm 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.