Xponance Inc. Purchases New Stake in Affirm Holdings, Inc. (NASDAQ:AFRM)

Xponance Inc. purchased a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) during the 4th quarter, Holdings Channel reports. The fund purchased 8,188 shares of the company’s stock, valued at approximately $402,000.

Several other large investors have also recently bought and sold shares of the business. Planned Solutions Inc. acquired a new position in Affirm in the 4th quarter worth about $25,000. Creative Financial Designs Inc. ADV increased its position in Affirm by 82.2% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 665 shares of the company’s stock worth $33,000 after purchasing an additional 300 shares during the last quarter. Whittier Trust Co. increased its position in Affirm by 9,900.0% in the 4th quarter. Whittier Trust Co. now owns 1,500 shares of the company’s stock worth $74,000 after purchasing an additional 1,485 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Affirm in the 4th quarter worth about $135,000. Finally, Signaturefd LLC increased its position in Affirm by 9.0% in the 3rd quarter. Signaturefd LLC now owns 6,382 shares of the company’s stock worth $136,000 after purchasing an additional 528 shares during the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

Affirm Price Performance

Shares of NASDAQ:AFRM opened at $33.33 on Friday. The business has a 50 day moving average price of $35.24 and a 200 day moving average price of $35.11. Affirm Holdings, Inc. has a twelve month low of $8.80 and a twelve month high of $52.48. The company has a market cap of $10.23 billion, a price-to-earnings ratio of -13.39 and a beta of 3.57. The company has a quick ratio of 11.49, a current ratio of 11.49 and a debt-to-equity ratio of 2.35.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, February 8th. The company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.08. The firm had revenue of $591.11 million during the quarter, compared to analysts’ expectations 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 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AFRM. Deutsche Bank Aktiengesellschaft upped their target price on Affirm from $24.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Barclays decreased their price target on Affirm from $50.00 to $41.00 and set an “overweight” rating for the company in a research note on Tuesday, April 16th. The Goldman Sachs Group upped their price target on Affirm from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. Stephens upped their price target on Affirm from $6.00 to $16.00 and gave the stock an “underweight” rating in a research note on Friday, February 9th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Affirm in a research note on Tuesday, April 23rd. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $27.86.

Insider Buying and Selling at Affirm

In other Affirm news, Director Keith Rabois sold 9,276 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $34.39, for a total value of $319,001.64. Following the completion of the transaction, the director now owns 78,552 shares of the company’s stock, valued at approximately $2,701,403.28. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 13.05% of the company’s stock.

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.