Affirm Holdings, Inc. $AFRM Stock Holdings Boosted by Elyxium Wealth LLC

Elyxium Wealth LLC boosted its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 6.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 123,827 shares of the company’s stock after acquiring an additional 7,828 shares during the period. Affirm comprises approximately 0.1% of Elyxium Wealth LLC’s holdings, making the stock its 7th biggest holding. Elyxium Wealth LLC’s holdings in Affirm were worth $9,216,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its stake in Affirm by 11,042.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,161,278 shares of the company’s stock worth $157,004,000 after purchasing an additional 2,141,881 shares during the period. AustralianSuper Pty Ltd purchased a new position in Affirm during the fourth quarter worth approximately $46,352,000. World Investment Advisors raised its stake in Affirm by 6.3% during the fourth quarter. World Investment Advisors now owns 20,588 shares of the company’s stock worth $1,528,000 after purchasing an additional 1,224 shares during the period. AG2R LA Mondiale Gestion D Actifs purchased a new position in Affirm during the fourth quarter worth approximately $1,376,000. Finally, Swiss Life Asset Management Ltd raised its stake in Affirm by 1.1% during the fourth quarter. Swiss Life Asset Management Ltd now owns 22,296 shares of the company’s stock worth $1,659,000 after purchasing an additional 247 shares during the period. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Affirm in a research note on Friday, March 27th. Robert W. Baird set a $70.00 price target on shares of Affirm in a research note on Friday, May 8th. TD Cowen reiterated a “buy” rating on shares of Affirm in a research note on Friday, February 6th. BTIG Research reiterated a “neutral” rating on shares of Affirm in a research note on Thursday, February 26th. Finally, UBS Group boosted their price objective on shares of Affirm from $78.00 to $82.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Affirm currently has a consensus rating of “Moderate Buy” and an average price target of $86.00.

More Affirm News

Here are the key news stories impacting Affirm this week:

• Positive Sentiment: Mizuho raised its price target on Affirm to $100 from $95 and kept an Outperform rating, citing the company’s $100 billion gross merchandise volume goal and strong long-term growth outlook. Mizuho Hikes Affirm Price Target to $100 as $100 Billion GMV Goal Powers Bull Case
• Positive Sentiment: Several recent analyst notes and media reports highlighted bullish views on Affirm, reinforcing expectations for continued execution and growth in the BNPL market. Analysts Are Bullish on These Financial Stocks: Affirm Holdings (AFRM), Figure Technology Solutions, Inc. Class A (FIGR)
• Positive Sentiment: Jim Cramer said Affirm is “doing the right thing with AI,” adding to the bullish narrative around its product strategy and AI-related commerce opportunities. Affirm (AFRM) Is Doing The Right Thing With AI, Says Jim Cramer
• Positive Sentiment: Coverage of Affirm’s partnership with Google and its push into AI-enabled shopping suggests a potential path to broader adoption and more payment volume over time. Can Affirm and Google Simplify Payments in AI Shopping?
• Neutral Sentiment: Affirm’s investor day laid out an aggressive expansion plan, including new products and international growth, but the market reaction was mixed. Affirm Unveils Aggressive Expansion Blueprint
• Negative Sentiment: Director Noel Bertram Watson sold 2,000 shares in a pre-arranged 10b5-1 transaction, which can slightly weigh on sentiment even though it does not necessarily signal a change in fundamentals. Insider trade disclosure for Noel Bertram Watson

Affirm Price Performance

AFRM opened at $65.82 on Monday. The company has a quick ratio of 11.32, a current ratio of 11.32 and a debt-to-equity ratio of 2.39. Affirm Holdings, Inc. has a 52-week low of $42.10 and a 52-week high of $100.00. The company has a 50 day moving average of $54.70 and a two-hundred day moving average of $62.78. The company has a market cap of $22.04 billion, a P/E ratio of 59.84, a P/E/G ratio of 4.17 and a beta of 3.72.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.13. Affirm had a net margin of 9.63% and a return on equity of 11.17%. The company had revenue of $943.95 million during the quarter, compared to the consensus estimate of $995.27 million. During the same period in the previous year, the firm earned $0.01 earnings per share. Affirm’s revenue for the quarter was up 32.7% on a year-over-year basis. On average, analysts expect that Affirm Holdings, Inc. will post 1.13 earnings per share for the current year.

Insider Buying and Selling at Affirm

In other news, Director Noel Bertram Watson sold 2,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $65.00, for a total value of $130,000.00. Following the completion of the transaction, the director directly owned 36,076 shares in the company, valued at approximately $2,344,940. This represents a 5.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 11.01% of the company’s stock.

About Affirm

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.