Picton Mahoney Asset Management Reduces Stock Holdings in Affirm Holdings, Inc. $AFRM

Picton Mahoney Asset Management lowered its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 49.4% during the third quarter, Holdings Channel reports. The firm owned 133,458 shares of the company’s stock after selling 130,217 shares during the period. Picton Mahoney Asset Management’s holdings in Affirm were worth $9,752,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Federated Hermes Inc. acquired a new position in Affirm in the third quarter valued at $19,077,000. Resona Asset Management Co. Ltd. purchased a new stake in shares of Affirm in the 3rd quarter valued at about $6,036,000. Gateway Investment Advisers LLC acquired a new stake in shares of Affirm in the 3rd quarter valued at about $1,315,000. Envestnet Asset Management Inc. boosted its position in shares of Affirm by 26.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 235,152 shares of the company’s stock valued at $17,185,000 after purchasing an additional 48,734 shares during the period. Finally, Norges Bank purchased a new position in Affirm during the 2nd quarter worth approximately $183,475,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

Insiders Place Their Bets

In other Affirm news, CEO Max R. Levchin sold 666,666 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $80.62, for a total value of $53,746,612.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert O’hare sold 36,401 shares of the firm’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $80.00, for a total value of $2,912,080.00. Following the completion of the sale, the chief financial officer directly owned 1,368 shares of the company’s stock, valued at approximately $109,440. This trade represents a 96.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 11.01% of the company’s stock.

Affirm Stock Performance

Shares of AFRM opened at $50.72 on Thursday. The stock has a market capitalization of $16.90 billion, a P/E ratio of 62.62, a P/E/G ratio of 1.76 and a beta of 3.61. The company has a debt-to-equity ratio of 2.58, a quick ratio of 11.41 and a current ratio of 11.41. Affirm Holdings, Inc. has a 1 year low of $30.90 and a 1 year high of $100.00. The company’s fifty day moving average is $64.25 and its two-hundred day moving average is $71.55.

Affirm (NASDAQ:AFRM) last issued its earnings results on Thursday, February 5th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.09. Affirm had a net margin of 7.60% and a return on equity of 8.83%. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the firm earned $0.23 earnings per share. The business’s quarterly revenue was up 29.6% compared to the same quarter last year. On average, sell-side analysts predict that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on AFRM. Royal Bank Of Canada reduced their price objective on Affirm from $87.00 to $77.00 and set a “sector perform” rating for the company in a research note on Friday, February 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Affirm in a research report on Monday, December 29th. Robert W. Baird started coverage on shares of Affirm in a research note on Thursday, February 19th. They set a “neutral” rating and a $55.00 price target for the company. The Goldman Sachs Group downgraded shares of Affirm from a “buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $85.00 target price on shares of Affirm in a report on Monday, February 9th. Twenty analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.00.

Key Headlines Impacting Affirm

Here are the key news stories impacting Affirm this week:

• Positive Sentiment: Affirm expanded its partnership with Stripe to support Shared Payment Tokens (SPTs), enabling AI agents to securely initiate buy‑now‑pay‑later (BNPL) purchases on behalf of shoppers — a product tie‑in that widens Affirm’s addressable market in agentic/AI commerce and reduces friction for merchant adoption. Affirm ties up with Stripe over Shared Payment Tokens that let AI initiate purchases for shoppers
• Positive Sentiment: Several outlets highlight increased investor interest and an analyst consensus of “Moderate Buy,” which can support momentum and attract additional buying. Affirm Given Consensus Rating of “Moderate Buy”
• Neutral Sentiment: Affirm will host a CFO fireside chat on March 17, 2026 (webcast) — an investor event that may provide more color on guidance, margins and capital allocation; useful for near‑term sentiment but no new financials announced yet. Affirm to host CFO fireside chat on March 17, 2026
• Neutral Sentiment: Management presented at the Morgan Stanley TMT conference (transcript available) — helpful for understanding strategy and execution but typically already priced in unless new guidance is disclosed. Affirm Presents at Morgan Stanley TMT Conference
• Neutral Sentiment: Media pieces (Zacks/Yahoo) note rising investor attention; these drive short‑term flows but are not fundamental catalysts by themselves. Affirm is Attracting Investor Attention
• Neutral Sentiment: Short‑interest reports in the feed show anomalous/zero values and inconsistent “increase” language (likely a data glitch). That makes short‑interest signaling unreliable for today’s move.

Affirm Company 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.