3,472 Shares in Affirm Holdings, Inc. $AFRM Acquired by Wedbush Securities Inc.

Wedbush Securities Inc. purchased a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,472 shares of the company’s stock, valued at approximately $240,000.

Several other large investors have also modified their holdings of AFRM. SouthState Corp increased its position in 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 during the period. Rareview Capital LLC purchased a new position in shares of Affirm in the 2nd quarter valued at $245,000. Elyxium Wealth LLC boosted its holdings in Affirm by 7.0% in the 2nd quarter. Elyxium Wealth LLC now owns 104,980 shares of the company’s stock worth $7,258,000 after acquiring an additional 6,844 shares during the period. 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 buying an additional 336 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Affirm by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 890,694 shares of the company’s stock valued at $61,583,000 after purchasing an additional 18,504 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Zacks Research downgraded Affirm from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Oppenheimer set a $80.00 price target on Affirm and gave the stock an “outperform” rating in a research note on Monday, July 21st. Morgan Stanley dropped their price target 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. Mizuho increased their price target on Affirm from $70.00 to $108.00 and gave the company an “outperform” rating in a report on Tuesday, September 2nd. Finally, Wells Fargo & Company began coverage on Affirm in a report on Tuesday, October 21st. They issued an “overweight” rating and a $89.00 target price on the stock. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $86.78.

Insider Activity at Affirm

In related news, Director Christa S. Quarles sold 15,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director directly owned 122,241 shares of the company’s stock, valued at approximately $11,368,413. This represents a 10.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Max R. Levchin sold 651,713 shares of the stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $89.27, for a total value of $58,178,419.51. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,761,596 shares of company stock worth $148,662,354 over the last quarter. 11.01% of the stock is owned by company insiders.

Affirm Trading Down 7.3%

NASDAQ AFRM opened at $73.18 on Friday. The company has a current ratio of 12.80, a quick ratio of 11.54 and a debt-to-equity ratio of 2.40. Affirm Holdings, Inc. has a 12 month low of $30.90 and a 12 month high of $100.00. The stock has a 50 day moving average of $77.46 and a 200-day moving average of $69.06. The company has a market cap of $23.83 billion, a PE ratio of 109.22, a PEG ratio of 4.00 and a beta of 3.57.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.23 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 firm had revenue of $933.34 million for the quarter, compared to analyst estimates of $881.83 million. During the same quarter last year, the company earned ($0.31) EPS. The company’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. On average, equities research analysts anticipate 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.