Sound Income Strategies LLC Makes New $59,000 Investment in Affirm Holdings, Inc. $AFRM

Sound Income Strategies LLC acquired a new position in Affirm Holdings, Inc. (NASDAQ:AFRM) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 853 shares of the company’s stock, valued at approximately $59,000.

A number of other hedge funds also recently modified their holdings of AFRM. Allworth Financial LP lifted 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 acquiring an additional 219 shares during the period. UMB Bank n.a. lifted 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 acquiring an additional 264 shares during the period. SVB Wealth LLC bought a new stake in shares of Affirm in the 1st quarter worth approximately $47,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Affirm by 3,637.8% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,383 shares of the company’s stock worth $62,000 after acquiring an additional 1,346 shares during the period. Finally, First Horizon Advisors Inc. bought a new stake in shares of Affirm in the 1st quarter worth approximately $69,000. Institutional investors own 69.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AFRM shares. Zacks Research cut Affirm from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft started coverage on Affirm in a report on Thursday, July 17th. They issued a “buy” rating and a $78.00 target price for the company. Oppenheimer set a $80.00 target price on Affirm and gave the stock an “outperform” rating in a report on Monday, July 21st. Citigroup reissued an “outperform” rating on shares of Affirm in a report on Friday, August 29th. Finally, Redburn Atlantic raised Affirm to a “hold” rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.04.

Insider Buying and Selling

In other news, insider Katherine Adkins sold 36,878 shares of Affirm stock in a transaction on Friday, August 29th. The stock was sold at an average price of $95.00, for a total value of $3,503,410.00. Following the completion of the sale, the insider directly owned 113,400 shares of the company’s stock, valued at approximately $10,773,000. This trade represents a 24.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert O’hare sold 31,423 shares of Affirm 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 can be found here. In the last three months, insiders sold 1,921,456 shares of company stock worth $160,284,531. 11.82% of the stock is currently owned by company insiders.

Affirm Trading Up 1.8%

AFRM stock opened at $74.42 on Thursday. The business has a fifty day moving average price of $79.07 and a 200 day moving average price of $62.61. Affirm Holdings, Inc. has a fifty-two week low of $30.90 and a fifty-two week high of $100.00. The stock has a market capitalization of $24.23 billion, a price-to-earnings ratio of 572.51, a P/E/G ratio of 4.74 and a beta of 3.58. The company has a debt-to-equity ratio of 2.55, a current ratio of 11.54 and a quick ratio of 11.54.

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