State of New Jersey Common Pension Fund D Acquires 3,059 Shares of Affirm Holdings, Inc. $AFRM

State of New Jersey Common Pension Fund D raised its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 3.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 86,210 shares of the company’s stock after buying an additional 3,059 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Affirm were worth $5,961,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Blume Capital Management Inc. grew its stake in shares of Affirm by 468.8% during the 2nd quarter. Blume Capital Management Inc. now owns 455 shares of the company’s stock valued at $31,000 after purchasing an additional 375 shares during the period. Allworth Financial LP grew its stake in shares of Affirm by 63.7% during the 1st quarter. Allworth Financial LP now owns 563 shares of the company’s stock valued at $27,000 after purchasing an additional 219 shares during the period. UMB Bank n.a. grew its stake in shares of Affirm by 86.6% during the 2nd quarter. UMB Bank n.a. now owns 569 shares of the company’s stock valued at $39,000 after purchasing an additional 264 shares during the period. Sound Income Strategies LLC bought a new stake in shares of Affirm during the 2nd quarter valued at about $59,000. Finally, SVB Wealth LLC bought a new stake in shares of Affirm during the 1st quarter valued at about $47,000. 69.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AFRM. Needham & Company LLC restated a “hold” rating on shares of Affirm in a research note on Wednesday, July 2nd. Jefferies Financial Group boosted their price target on Affirm from $82.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, August 26th. Rothschild & Co Redburn upgraded Affirm from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $74.00 to $101.00 in a research note on Monday, October 6th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Affirm in a research note on Tuesday, September 23rd. Finally, Morgan Stanley set a $90.00 price objective on Affirm in a research note on Friday, August 29th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $87.35.

Insiders Place Their Bets

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 stock was 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 $20,542,821.57. This represents a 10.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Max R. Levchin sold 651,713 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $89.27, for a total value of $58,178,419.51. The disclosure for this sale can be found here. Insiders sold a total of 1,844,552 shares of company stock worth $154,885,240 over the last ninety days. 11.82% of the stock is owned by company insiders.

Affirm Trading Down 0.2%

AFRM stock opened at $75.39 on Monday. Affirm Holdings, Inc. has a 1-year low of $30.90 and a 1-year high of $100.00. The company has a debt-to-equity ratio of 2.55, a current ratio of 11.54 and a quick ratio of 11.54. The company has a market capitalization of $24.55 billion, a price-to-earnings ratio of 579.97, a PEG ratio of 4.81 and a beta of 3.58. The business has a 50 day simple moving average of $79.51 and a two-hundred day simple moving average of $66.31.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, August 28th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.09. Affirm had a return on equity of 1.80% and a net margin of 1.62%.The business had revenue of $876.42 million during the quarter, compared to the consensus estimate of $834.94 million. During the same period in the prior year, the company posted ($0.14) EPS. The firm’s revenue for the quarter was up 32.9% compared to the same quarter last year. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Research 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.