Bosun Asset Management LLC Buys 9,438 Shares of Affirm Holdings, Inc. $AFRM

Bosun Asset Management LLC boosted its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 84.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,675 shares of the company’s stock after buying an additional 9,438 shares during the period. Bosun Asset Management LLC’s holdings in Affirm were worth $1,429,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Huntington National Bank raised its position in shares of Affirm by 634.0% in the 2nd quarter. Huntington National Bank now owns 389 shares of the company’s stock worth $27,000 after acquiring an additional 336 shares in the last quarter. SouthState Corp boosted its position in shares of Affirm by 190.5% during the second quarter. SouthState Corp now owns 427 shares of the company’s stock valued at $30,000 after purchasing an additional 280 shares in the last quarter. Blume Capital Management Inc. grew its stake in Affirm by 468.8% in the second quarter. Blume Capital Management Inc. now owns 455 shares of the company’s stock worth $31,000 after purchasing an additional 375 shares during the period. UMB Bank n.a. raised its holdings in Affirm by 86.6% in the second quarter. UMB Bank n.a. now owns 569 shares of the company’s stock worth $39,000 after purchasing an additional 264 shares in the last quarter. Finally, SVB Wealth LLC bought a new position in Affirm in the first quarter worth $47,000. 69.29% of the stock is owned by institutional investors.

Affirm Stock Performance

AFRM stock opened at $67.99 on Friday. The stock’s 50 day simple moving average is $71.71 and its 200 day simple moving average is $70.99. The company has a current ratio of 12.80, a quick ratio of 12.80 and a debt-to-equity ratio of 2.40. Affirm Holdings, Inc. has a 12-month low of $30.90 and a 12-month high of $100.00. The stock has a market capitalization of $22.44 billion, a PE ratio of 101.48, a price-to-earnings-growth ratio of 3.07 and a beta of 3.57.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, November 6th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.12. The business had revenue of $933.34 million during the quarter, compared to analyst estimates of $881.83 million. Affirm had a return on equity of 7.75% and a net margin of 6.74%.The company’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.31) EPS. As a group, research analysts forecast that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Affirm news, CEO Max R. Levchin sold 651,713 shares of the company’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $89.27, for a total transaction of $58,178,419.51. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Robert O’hare sold 8,189 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $70.00, for a total transaction of $573,230.00. Following the sale, the chief financial officer directly owned 1,368 shares in the company, valued at approximately $95,760. The trade was a 85.69% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 672,402 shares of company stock valued at $59,819,400. 11.01% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AFRM has been the topic of a number of recent research reports. The Goldman Sachs Group reduced their target price on shares of Affirm from $105.00 to $94.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Wells Fargo & Company began coverage on shares of Affirm in a research note on Tuesday, October 21st. They set an “overweight” rating and a $89.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Affirm in a research note on Monday, December 1st. Morgan Stanley lowered their target price on shares of Affirm from $90.00 to $83.00 and set an “equal weight” rating for the company in a report on Friday, November 7th. Finally, UBS Group upped their price target on Affirm from $56.00 to $85.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $86.57.

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.