Ameliora Wealth Management Ltd. Takes Position in Affirm Holdings, Inc. $AFRM

Ameliora Wealth Management Ltd. bought a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 40,000 shares of the company’s stock, valued at approximately $2,977,000.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $85.00 target price on shares of Affirm in a research report on Monday, February 9th. Robert W. Baird began coverage on Affirm in a research report on Thursday, February 19th. They set a “neutral” rating and a $55.00 target price for the company. Mizuho decreased their target price on Affirm from $114.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, February 9th. Citigroup reaffirmed a “market outperform” rating on shares of Affirm in a research report on Tuesday, February 24th. Finally, Royal Bank Of Canada decreased their target price on Affirm from $87.00 to $77.00 and set a “sector perform” rating for the company in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Affirm has an average rating of “Moderate Buy” and a consensus price target of $85.00.

Affirm Trading Up 4.6%

AFRM opened at $48.45 on Tuesday. The firm has a market cap of $16.14 billion, a price-to-earnings ratio of 59.81, a PEG ratio of 1.71 and a beta of 3.63. The company has a current ratio of 11.41, a quick ratio of 11.41 and a debt-to-equity ratio of 2.58. Affirm Holdings, Inc. has a 12 month low of $32.32 and a 12 month high of $100.00. The stock has a fifty day moving average price of $50.99 and a 200-day moving average price of $65.56.

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

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.