Dynamic Technology Lab Private Ltd Makes New $1.21 Million Investment in Affirm Holdings, Inc. $AFRM

Dynamic Technology Lab Private Ltd bought a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 16,592 shares of the company’s stock, valued at approximately $1,213,000.

Several other institutional investors and hedge funds have also made changes to their positions in AFRM. Assetmark Inc. grew its stake in Affirm by 111.3% during the 3rd quarter. Assetmark Inc. now owns 338 shares of the company’s stock worth $25,000 after buying an additional 178 shares during the last quarter. Huntington National Bank lifted its stake in Affirm by 634.0% in the second quarter. Huntington National Bank now owns 389 shares of the company’s stock valued at $27,000 after buying an additional 336 shares during the last quarter. Mather Group LLC. purchased a new stake in Affirm in the third quarter valued at approximately $29,000. SouthState Corp boosted its holdings in shares of Affirm by 190.5% in the second quarter. SouthState Corp now owns 427 shares of the company’s stock valued at $30,000 after acquiring an additional 280 shares during the period. Finally, Quent Capital LLC acquired a new stake in shares of Affirm in the third quarter valued at approximately $43,000. 69.29% of the stock is owned by hedge funds and other institutional investors.

Affirm Stock Performance

NASDAQ:AFRM opened at $51.70 on Monday. The company has a debt-to-equity ratio of 2.58, a current ratio of 11.41 and a quick ratio of 11.41. The firm has a market cap of $17.22 billion, a price-to-earnings ratio of 63.83, a price-to-earnings-growth ratio of 1.89 and a beta of 3.61. The firm’s fifty day moving average price is $63.30 and its 200 day moving average price is $71.21. Affirm Holdings, Inc. has a 1-year low of $30.90 and a 1-year high of $100.00.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.09. Affirm had a net margin of 7.60% and a return on equity of 8.83%. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the firm earned $0.23 EPS. Affirm’s quarterly revenue was up 29.6% on a year-over-year basis. On average, sell-side analysts expect that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wall Street Zen cut shares of Affirm from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Stephens lowered their price objective on shares of Affirm from $75.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Friday, February 6th. UBS Group set a $78.00 price objective on shares of Affirm in a research note on Friday, February 6th. Bank of America initiated coverage on shares of Affirm in a report on Thursday. They issued a “buy” rating and a $82.00 target price for the company. Finally, Susquehanna reiterated a “positive” rating and set a $100.00 target price on shares of Affirm in a research note on Friday, February 6th. Twenty research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $84.36.

Insider Transactions at Affirm

In other Affirm news, CFO Robert O’hare sold 36,401 shares of Affirm stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $80.00, for a total value of $2,912,080.00. Following the sale, the chief financial officer owned 1,368 shares of the company’s stock, valued at approximately $109,440. The trade was a 96.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Max R. Levchin sold 666,666 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $80.62, for a total value of $53,746,612.92. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 11.01% of the company’s stock.

Affirm Profile

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.