DekaBank Deutsche Girozentrale Buys New Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

DekaBank Deutsche Girozentrale bought a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,617 shares of the company’s stock, valued at approximately $135,000.

Several other hedge funds also recently modified their holdings of the stock. Raymond James & Associates boosted its position in Affirm by 8.8% in the first quarter. Raymond James & Associates now owns 49,667 shares of the company’s stock worth $2,299,000 after purchasing an additional 4,005 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Affirm by 2.4% in the first quarter. Bank of New York Mellon Corp now owns 633,650 shares of the company’s stock worth $29,324,000 after purchasing an additional 14,841 shares during the last quarter. HighTower Advisors LLC boosted its position in Affirm by 21.5% in the first quarter. HighTower Advisors LLC now owns 35,644 shares of the company’s stock worth $1,650,000 after purchasing an additional 6,304 shares during the last quarter. Cetera Advisor Networks LLC boosted its position in Affirm by 159.6% in the first quarter. Cetera Advisor Networks LLC now owns 9,354 shares of the company’s stock worth $433,000 after purchasing an additional 5,751 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Affirm by 48.3% in the first quarter. PNC Financial Services Group Inc. now owns 9,533 shares of the company’s stock worth $441,000 after purchasing an additional 3,103 shares during the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Affirm from $24.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Barclays dropped their price target on Affirm from $50.00 to $41.00 and set an “overweight” rating on the stock in a research report on Tuesday. Needham & Company LLC started coverage on Affirm in a research report on Wednesday, April 3rd. They set a “hold” rating on the stock. The Goldman Sachs Group upped their price target on Affirm from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Finally, Wedbush reaffirmed an “underperform” rating and set a $20.00 price target on shares of Affirm in a research report on Friday, February 9th. Six analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Affirm has an average rating of “Hold” and an average target price of $27.86.

Affirm Stock Performance

NASDAQ:AFRM opened at $30.87 on Thursday. The company has a debt-to-equity ratio of 2.35, a quick ratio of 11.49 and a current ratio of 11.49. Affirm Holdings, Inc. has a 52-week low of $8.80 and a 52-week high of $52.48. The firm has a market cap of $9.47 billion, a price-to-earnings ratio of -12.40 and a beta of 3.57. The business’s fifty day moving average is $36.73 and its 200 day moving average is $34.45.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, February 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.08. The company had revenue of $591.11 million for the quarter, compared to analyst estimates of $523.92 million. Affirm had a negative return on equity of 25.10% and a negative net margin of 39.19%. Research analysts predict that Affirm Holdings, Inc. will post -2.45 EPS for the current year.

Insiders Place Their Bets

In other Affirm news, Director Keith Rabois sold 9,276 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $34.39, for a total value of $319,001.64. Following the transaction, the director now directly owns 78,552 shares in the company, valued at approximately $2,701,403.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 13.05% of the company’s stock.

Affirm 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.