Element Squared LLC Buys 13,678 Shares of Affirm Holdings, Inc. $AFRM

Element Squared LLC boosted its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 68.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,664 shares of the company’s stock after purchasing an additional 13,678 shares during the quarter. Affirm comprises about 1.4% of Element Squared LLC’s investment portfolio, making the stock its 19th largest holding. Element Squared LLC’s holdings in Affirm were worth $2,506,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in AFRM. Yousif Capital Management LLC raised its holdings in Affirm by 5.1% during the third quarter. Yousif Capital Management LLC now owns 3,243 shares of the company’s stock worth $237,000 after acquiring an additional 158 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Affirm by 13.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,471 shares of the company’s stock worth $108,000 after purchasing an additional 171 shares during the last quarter. Assetmark Inc. increased its position in shares of Affirm by 111.3% during the 3rd quarter. Assetmark Inc. now owns 338 shares of the company’s stock worth $25,000 after purchasing an additional 178 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Affirm by 4.4% during the 3rd quarter. GAMMA Investing LLC now owns 4,850 shares of the company’s stock worth $354,000 after purchasing an additional 206 shares in the last quarter. Finally, Apollon Wealth Management LLC boosted its holdings in shares of Affirm by 3.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 6,335 shares of the company’s stock valued at $463,000 after buying an additional 212 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Analyst Upgrades and Downgrades

AFRM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered their target price on shares of Affirm from $94.00 to $79.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Evercore reiterated an “outperform” rating on shares of Affirm in a research note on Tuesday, December 16th. Truist Financial lowered their price objective on shares of Affirm from $85.00 to $71.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Royal Bank Of Canada dropped their target price on shares of Affirm from $87.00 to $77.00 and set a “sector perform” rating on the stock in a report on Friday, February 6th. Finally, The Goldman Sachs Group downgraded shares of Affirm from a “buy” rating to a “hold” rating in a research note on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, Affirm currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.

Affirm Price Performance

Shares of AFRM opened at $46.31 on Friday. The company has a current ratio of 11.41, a quick ratio of 11.41 and a debt-to-equity ratio of 2.58. The stock has a market capitalization of $15.43 billion, a PE ratio of 57.17, a P/E/G ratio of 1.71 and a beta of 3.63. The firm’s 50 day moving average is $51.39 and its 200-day moving average is $66.19. Affirm Holdings, Inc. has a 12 month low of $30.90 and a 12 month high of $100.00.

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

Insider Buying and Selling at Affirm

In related news, CEO Max R. Levchin sold 666,666 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $80.62, for a total transaction of $53,746,612.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert O’hare sold 36,401 shares of the stock in a transaction dated 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 sale, the chief financial officer owned 1,368 shares in the company, valued at $109,440. The trade was a 96.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate 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.