Affirm Holdings, Inc. $AFRM Shares Sold by NZS Capital LLC

NZS Capital LLC cut its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 5.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 356,926 shares of the company’s stock after selling 21,404 shares during the quarter. NZS Capital LLC owned approximately 0.11% of Affirm worth $26,084,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Affirm in the second quarter worth approximately $183,475,000. Atreides Management LP lifted its holdings in Affirm by 543.3% in the 2nd quarter. Atreides Management LP now owns 1,977,882 shares of the company’s stock valued at $136,751,000 after purchasing an additional 1,670,429 shares in the last quarter. Vanguard Group Inc. boosted its stake in Affirm by 4.0% during the 2nd quarter. Vanguard Group Inc. now owns 24,195,810 shares of the company’s stock worth $1,672,898,000 after purchasing an additional 922,813 shares during the last quarter. Foxhaven Asset Management LP grew its holdings in shares of Affirm by 39.1% during the second quarter. Foxhaven Asset Management LP now owns 2,896,908 shares of the company’s stock worth $200,292,000 after buying an additional 814,951 shares in the last quarter. Finally, Durable Capital Partners LP raised its position in shares of Affirm by 12.3% in the second quarter. Durable Capital Partners LP now owns 7,389,337 shares of the company’s stock valued at $510,899,000 after buying an additional 808,455 shares during the last quarter. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on AFRM. TD Cowen restated a “buy” rating on shares of Affirm in a research report on Friday, February 6th. Oppenheimer lowered their target price on Affirm from $95.00 to $83.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Susquehanna restated a “positive” rating and issued a $100.00 price target on shares of Affirm in a research report on Friday, February 6th. Stephens cut their price target on Affirm from $75.00 to $65.00 and set an “equal weight” rating for the company in a report on Friday, February 6th. Finally, Royal Bank Of Canada lowered their price objective on Affirm from $87.00 to $77.00 and set a “sector perform” rating on the stock in a research note on Friday, February 6th. Twenty research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $85.00.

Key Affirm News

Here are the key news stories impacting Affirm this week:

• Positive Sentiment: Affirm expanded its collaboration with Stripe to support Shared Payment Tokens that allow AI agents to initiate secure BNPL purchases without exposing card credentials — this could accelerate agent-driven commerce adoption and scale transaction volumes. Affirm ties up with Stripe over Shared Payment Tokens that let AI initiate purchases for shoppers
• Positive Sentiment: Multiple outlets report the Stripe partnership broadens BNPL integration with agentic AI and emerging commerce platforms — a strategic move to capture checkout volume from automated assistants. Affirm and Stripe Team to Combine BNPL and Agentic AI
• Positive Sentiment: Analysts maintain constructive views: a consensus “Moderate Buy” and coverage noting interest from investors, which supports sentiment around AFRM’s recovery and growth prospects. Affirm Holdings, Inc. Given Consensus Rating of “Moderate Buy” by Analysts
• Neutral Sentiment: Affirm announced a CFO fireside chat on March 17 (webcast) — management will take investor questions, which could clarify guidance, credit trends and strategy. Affirm to host CFO fireside chat on March 17, 2026
• Neutral Sentiment: Affirm presented at the Morgan Stanley TMT conference (transcript available) — useful for incremental insights but not an immediate shock to valuation. Affirm Holdings, Inc. Presents at Morgan Stanley TMT Conference 2026 Transcript
• Neutral Sentiment: BTIG reiterated a Neutral rating citing January 2026 trust data — notes credit trends are mostly strong but keeps a cautious stance, which tempers bullish expectations. BTIG Retains Neutral Rating on Affirm Holdings (AFRM) Citing January 2026 Trust Data
• Neutral Sentiment: Zacks and other outlets note rising investor attention and summarize factors that could move the stock — useful for sentiment tracking but not new fundamental data. Affirm Holdings, Inc. is Attracting Investor Attention
• Neutral Sentiment: Reported short-interest entries in recent feeds appear inconsistent/erroneous (zeros and NaNs) — no reliable signal about bearish positioning from these data points.

Insiders Place Their Bets

In related news, CEO Max R. Levchin sold 666,666 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $80.62, for a total transaction of $53,746,612.92. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Robert O’hare sold 36,401 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $80.00, for a total value of $2,912,080.00. Following the transaction, the chief financial officer directly owned 1,368 shares of the company’s stock, valued at $109,440. The trade was a 96.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 11.01% of the stock is owned by corporate insiders.

Affirm Price Performance

AFRM stock opened at $47.83 on Wednesday. Affirm Holdings, Inc. has a 52-week low of $30.90 and a 52-week high of $100.00. The business has a fifty day moving average of $64.74 and a two-hundred day moving average of $71.70. The stock has a market cap of $15.93 billion, a price-to-earnings ratio of 59.05, a price-to-earnings-growth ratio of 1.71 and a beta of 3.61. The company has a quick ratio of 11.41, a current ratio of 11.41 and a debt-to-equity ratio of 2.58.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.09. Affirm had a return on equity of 8.83% and a net margin of 7.60%.The business had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the prior year, the business posted $0.23 EPS. The company’s revenue was up 29.6% compared to the same quarter last year. As a group, research analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Affirm Profile

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.