B. Metzler seel. Sohn & Co. AG Makes New $1.18 Million Investment in Affirm Holdings, Inc. $AFRM

B. Metzler seel. Sohn & Co. AG bought a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 16,168 shares of the company’s stock, valued at approximately $1,182,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in AFRM. Assetmark Inc. grew its stake in Affirm by 111.3% in the third quarter. Assetmark Inc. now owns 338 shares of the company’s stock worth $25,000 after purchasing an additional 178 shares in the last quarter. Mather Group LLC. bought a new stake in shares of Affirm in the 3rd quarter valued at approximately $29,000. Quent Capital LLC acquired a new stake in shares of Affirm during the 3rd quarter valued at approximately $43,000. Allworth Financial LP lifted its stake in Affirm by 41.9% during the second quarter. Allworth Financial LP now owns 799 shares of the company’s stock worth $55,000 after purchasing an additional 236 shares during the last quarter. Finally, CI Investments Inc. lifted its stake in Affirm by 131.1% during the third quarter. CI Investments Inc. now owns 929 shares of the company’s stock worth $68,000 after purchasing an additional 527 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on AFRM shares. Evercore reiterated an “outperform” rating on shares of Affirm in a research note on Tuesday, December 16th. JPMorgan Chase & Co. reduced their price target on shares of Affirm from $94.00 to $79.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th. Oppenheimer decreased their price target on shares of Affirm from $95.00 to $83.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Royal Bank Of Canada dropped their price objective on shares of Affirm from $87.00 to $77.00 and set a “sector perform” rating on the stock in a research note on Friday, February 6th. Finally, The Goldman Sachs Group cut shares of Affirm from a “buy” rating to a “hold” rating in a report on Tuesday, February 24th. Twenty analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $84.36.

Affirm Trading Down 2.0%

Affirm stock opened at $49.77 on Wednesday. Affirm Holdings, Inc. has a 52-week low of $30.90 and a 52-week high of $100.00. The company has a quick ratio of 11.41, a current ratio of 11.41 and a debt-to-equity ratio of 2.58. The firm has a market capitalization of $16.58 billion, a price-to-earnings ratio of 61.44, a PEG ratio of 1.86 and a beta of 3.61. The firm has a 50-day moving average price of $62.29 and a two-hundred day moving average price of $70.83.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.28 by $0.09. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.06 billion. Affirm had a net margin of 7.60% and a return on equity of 8.83%. Affirm’s revenue was up 29.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.23 earnings per share. Sell-side analysts expect that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Insider Activity at Affirm

In other Affirm news, CFO Robert O’hare sold 36,401 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $80.00, for a total transaction of $2,912,080.00. Following the completion of the transaction, the chief financial officer owned 1,368 shares in the company, valued at approximately $109,440. The trade was a 96.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Max R. Levchin sold 666,666 shares of the stock in a transaction 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. 11.01% of the stock is owned by company insiders.

About Affirm

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.