KLP Kapitalforvaltning AS Boosts Holdings in Affirm Holdings, Inc. $AFRM

KLP Kapitalforvaltning AS lifted its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 5.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,600 shares of the company’s stock after purchasing an additional 2,500 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Affirm were worth $3,568,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Allworth Financial LP raised its position in shares of Affirm by 63.7% in the 1st quarter. Allworth Financial LP now owns 563 shares of the company’s stock worth $27,000 after purchasing an additional 219 shares during the last quarter. UMB Bank n.a. raised its position in shares of Affirm by 86.6% in the 2nd quarter. UMB Bank n.a. now owns 569 shares of the company’s stock worth $39,000 after purchasing an additional 264 shares during the last quarter. Sound Income Strategies LLC purchased a new position in shares of Affirm in the 2nd quarter worth about $59,000. SVB Wealth LLC purchased a new position in shares of Affirm in the 1st quarter worth about $47,000. Finally, Farther Finance Advisors LLC raised its position 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 worth $90,000 after purchasing an additional 175 shares during the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AFRM. Redburn Partners set a $101.00 price target on Affirm in a research report on Monday, October 6th. Truist Financial boosted their target price on Affirm from $72.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. JPMorgan Chase & Co. boosted their target price on Affirm from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Affirm in a research report on Saturday, September 27th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Affirm in a research report on Wednesday, July 2nd. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $82.65.

Affirm Trading Down 8.2%

Affirm stock opened at $71.14 on Friday. The business has a 50-day simple moving average of $80.23 and a two-hundred day simple moving average of $64.01. The company has a market cap of $23.17 billion, a P/E ratio of 547.27, a P/E/G ratio of 4.71 and a beta of 3.58. Affirm Holdings, Inc. has a 52-week low of $30.90 and a 52-week high of $100.00. The company has a quick ratio of 11.54, a current ratio of 11.54 and a debt-to-equity ratio of 2.55.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results 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 business had revenue of $876.42 million during the quarter, compared to the consensus estimate of $834.94 million. Affirm had a return on equity of 1.80% and a net margin of 1.62%.The business’s quarterly revenue was up 32.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.14) EPS. 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 year.

Insider Buying and Selling at Affirm

In other Affirm news, Director Christa S. Quarles sold 15,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the director directly owned 122,241 shares in the company, valued at $11,368,413. The trade was a 10.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Robert O’hare sold 31,423 shares of the business’s stock in a transaction dated 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 can be found here. Over the last quarter, insiders sold 1,844,552 shares of company stock worth $154,885,240. 11.82% of the stock is owned by corporate insiders.

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.