State Board of Administration of Florida Retirement System Boosts Stock Holdings in Affirm Holdings, Inc. $AFRM

State Board of Administration of Florida Retirement System grew its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 1.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 236,467 shares of the company’s stock after buying an additional 2,530 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Affirm were worth $16,349,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of 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 valued at $205,350,000 after buying an additional 2,657,074 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Affirm by 6.7% during the first quarter. Vanguard Group Inc. now owns 23,272,997 shares of the company’s stock valued at $1,051,707,000 after purchasing an additional 1,457,434 shares in the last quarter. Lord Abbett & CO. LLC boosted its position in shares of Affirm by 1,137.5% during the first quarter. Lord Abbett & CO. LLC now owns 1,282,663 shares of the company’s stock valued at $57,964,000 after buying an additional 1,179,016 shares during the last quarter. Durable Capital Partners LP lifted its position in Affirm by 12.3% during the first quarter. Durable Capital Partners LP now owns 6,580,882 shares of the company’s stock valued at $297,390,000 after purchasing an additional 722,599 shares during the period. Finally, Westfield Capital Management Co. LP purchased a new stake in Affirm during the 2nd quarter valued at $48,314,000. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Insider Buying and Selling at Affirm

In other news, CEO Max R. Levchin sold 651,713 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $89.27, for a total value of $58,178,419.51. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Robert O’hare sold 31,423 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $83.30, for a total value of $2,617,535.90. The disclosure for this sale is available in the SEC filing. Insiders sold 721,169 shares of company stock worth $64,179,804 over the last 90 days. Corporate insiders own 11.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AFRM shares. Jefferies Financial Group increased their price target on shares of Affirm from $82.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Evercore ISI restated an “outperform” rating on shares of Affirm in a research report on Tuesday, September 16th. Rothschild & Co Redburn raised shares of Affirm from a “neutral” rating to a “buy” rating and upped their price target for the company from $74.00 to $101.00 in a research note on Monday, October 6th. Wells Fargo & Company started coverage on shares of Affirm in a research report on Tuesday, October 21st. They issued an “overweight” rating and a $89.00 price objective for the company. Finally, The Goldman Sachs Group cut their target price on shares of Affirm from $105.00 to $94.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Three equities research 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $86.57.

Affirm Stock Up 3.2%

Affirm stock opened at $70.98 on Monday. The stock has a market capitalization of $23.43 billion, a PE ratio of 105.93, a price-to-earnings-growth ratio of 3.20 and a beta of 3.57. Affirm Holdings, Inc. has a 12 month low of $30.90 and a 12 month high of $100.00. The business has a 50 day simple moving average of $73.03 and a 200-day simple moving average of $70.52. The company has a debt-to-equity ratio of 2.40, a current ratio of 12.80 and a quick ratio of 12.80.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.12. The business had revenue of $933.34 million during the quarter, compared to analysts’ expectations of $881.83 million. Affirm had a return on equity of 7.75% and a net margin of 6.74%.The company’s revenue was up 33.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.31) EPS. Affirm has set its Q2 2026 guidance at EPS. FY 2026 guidance at EPS. On average, analysts anticipate that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Affirm Company 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.