Ardsley Advisory Partners LP Makes New $13.53 Million Investment in Affirm Holdings, Inc. $AFRM

Ardsley Advisory Partners LP purchased a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 197,000 shares of the company’s stock, valued at approximately $13,532,000. Affirm comprises 1.8% of Ardsley Advisory Partners LP’s investment portfolio, making the stock its 11th biggest position. Ardsley Advisory Partners LP owned approximately 0.06% of Affirm as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Huntington National Bank boosted its stake in shares of Affirm by 634.0% during 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 holdings in shares of Affirm by 190.5% during the 2nd quarter. SouthState Corp now owns 427 shares of the company’s stock worth $30,000 after buying an additional 280 shares during the period. Blume Capital Management Inc. grew its stake in Affirm by 468.8% in the 2nd quarter. Blume Capital Management Inc. now owns 455 shares of the company’s stock valued at $31,000 after buying an additional 375 shares during the last quarter. UMB Bank n.a. raised its holdings in Affirm by 86.6% in the 2nd quarter. UMB Bank n.a. now owns 569 shares of the company’s stock worth $39,000 after acquiring an additional 264 shares during the period. Finally, SVB Wealth LLC bought a new position in Affirm in the 1st quarter worth $47,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Stock Performance

Affirm stock opened at $68.42 on Wednesday. The firm has a market capitalization of $22.58 billion, a P/E ratio of 102.12, a P/E/G ratio of 3.07 and a beta of 3.57. The stock has a fifty day moving average price of $71.44 and a two-hundred day moving average price of $71.42. Affirm Holdings, Inc. has a 52-week low of $30.90 and a 52-week high of $100.00. The company has a debt-to-equity ratio of 2.40, a current ratio of 12.80 and a quick ratio of 12.80.

Affirm (NASDAQ:AFRM) last issued its earnings results on Thursday, November 6th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.11 by $0.12. The company had revenue of $933.34 million for the quarter, compared to the consensus estimate of $881.83 million. Affirm had a net margin of 6.74% and a return on equity of 7.75%. The firm’s revenue for the quarter was up 33.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.31) EPS. As a group, analysts anticipate that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AFRM shares. Royal Bank Of Canada decreased their price target on shares of Affirm from $97.00 to $87.00 and set a “sector perform” rating for the company in a report on Friday, November 7th. The Goldman Sachs Group cut their price objective on Affirm from $105.00 to $94.00 and set a “buy” rating for the company in a research report on Monday, October 13th. UBS Group raised their target price on Affirm from $56.00 to $85.00 and gave the company a “neutral” rating in a report on Friday, August 29th. Bank of America lifted their price target on Affirm from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Finally, JPMorgan Chase & Co. increased their price objective on Affirm from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, August 29th. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $86.57.

Insiders Place Their Bets

In other news, CEO Max R. Levchin sold 651,713 shares of the firm’s stock in a transaction that occurred on 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert O’hare sold 8,189 shares of Affirm stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $70.00, for a total transaction of $573,230.00. Following the completion of the transaction, the chief financial officer owned 1,368 shares of the company’s stock, valued at $95,760. This trade represents a 85.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 672,402 shares of company stock valued at $59,819,400. 11.01% of the stock is currently owned by insiders.

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.