Affirm Holdings, Inc. (NASDAQ:AFRM) Major Shareholder Purchases $4,694,211.06 in Stock

Affirm Holdings, Inc. (NASDAQ:AFRMGet Rating) major shareholder Private Ltd Gic purchased 134,197 shares of the company’s stock in a transaction on Tuesday, April 19th. The shares were bought at an average cost of $34.98 per share, with a total value of $4,694,211.06. Following the transaction, the insider now directly owns 812,086 shares of the company’s stock, valued at approximately $28,406,768.28. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of AFRM traded down $1.86 during midday trading on Thursday, reaching $32.90. 6,697,662 shares of the company were exchanged, compared to its average volume of 14,436,874. The stock has a 50-day moving average price of $39.04 and a 200-day moving average price of $86.35. The company has a market cap of $9.36 billion, a price-to-earnings ratio of -10.15 and a beta of 2.79. Affirm Holdings, Inc. has a 1-year low of $26.02 and a 1-year high of $176.65. The company has a current ratio of 7.12, a quick ratio of 7.12 and a debt-to-equity ratio of 1.62.

Affirm (NASDAQ:AFRMGet Rating) last issued its quarterly earnings data on Thursday, February 10th. The company reported ($0.57) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.44) by ($0.13). The company had revenue of $361.00 million for the quarter, compared to analyst estimates of $333.07 million. Affirm had a negative return on equity of 22.95% and a negative net margin of 74.96%. The company’s revenue for the quarter was up 77.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.45) EPS. Equities research analysts anticipate that Affirm Holdings, Inc. will post -2.78 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. UBS Group AG lifted its stake in shares of Affirm by 271.7% during the third quarter. UBS Group AG now owns 162,033 shares of the company’s stock worth $19,303,000 after purchasing an additional 118,436 shares in the last quarter. Lombard Odier Asset Management USA Corp purchased a new stake in shares of Affirm during the third quarter worth about $4,408,000. Renaissance Capital LLC increased its position in shares of Affirm by 489.8% during the fourth quarter. Renaissance Capital LLC now owns 69,695 shares of the company’s stock worth $7,009,000 after acquiring an additional 57,878 shares during the last quarter. Morse Asset Management Inc increased its position in shares of Affirm by 148.9% during the third quarter. Morse Asset Management Inc now owns 21,070 shares of the company’s stock worth $2,510,000 after acquiring an additional 12,605 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Affirm by 3.7% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 13,660 shares of the company’s stock worth $1,374,000 after acquiring an additional 487 shares during the last quarter. Institutional investors own 43.24% of the company’s stock.

Several research firms have weighed in on AFRM. Piper Sandler dropped their price target on Affirm from $65.00 to $58.00 and set a “neutral” rating for the company in a research report on Wednesday, April 6th. Loop Capital initiated coverage on Affirm in a report on Wednesday, January 19th. They set a “hold” rating and a $72.00 price objective on the stock. Stephens decreased their price objective on Affirm from $72.00 to $51.00 and set an “equal weight” rating on the stock in a report on Friday, February 11th. Deutsche Bank Aktiengesellschaft decreased their price objective on Affirm from $170.00 to $70.00 in a report on Wednesday, January 19th. Finally, Mizuho raised their price objective on Affirm from $77.00 to $79.00 and gave the stock a “buy” rating in a report on Tuesday, March 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $82.25.

Affirm Company Profile (Get Rating)

Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States and Canada. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its payments network and partnership with an originating bank, enables consumers to pay for a purchase over time with terms ranging from one to forty-eight months.

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