Caxton Associates LLP Acquires Shares of 12,000 Affirm Holdings, Inc. $AFRM

Caxton Associates LLP acquired a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,000 shares of the company’s stock, valued at approximately $550,000.

Several other hedge funds have also recently modified their holdings of the stock. Mount Vernon Associates Inc. MD lifted its stake in Affirm by 0.5% in the 4th quarter. Mount Vernon Associates Inc. MD now owns 42,925 shares of the company’s stock worth $3,195,000 after purchasing an additional 200 shares in the last quarter. Fifth Third Bancorp grew its position in shares of Affirm by 63.6% during the fourth quarter. Fifth Third Bancorp now owns 522 shares of the company’s stock valued at $39,000 after purchasing an additional 203 shares in the last quarter. Rakuten Securities Inc. increased its holdings in shares of Affirm by 1.3% in the fourth quarter. Rakuten Securities Inc. now owns 16,622 shares of the company’s stock worth $1,237,000 after purchasing an additional 206 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Affirm by 36.6% in the fourth quarter. UMB Bank n.a. now owns 783 shares of the company’s stock worth $58,000 after purchasing an additional 210 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of Affirm by 74.5% in the third quarter. Larson Financial Group LLC now owns 499 shares of the company’s stock worth $36,000 after buying an additional 213 shares in the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Insider Transactions at Affirm

In other Affirm news, Director Noel Bertram Watson sold 2,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $65.00, for a total value of $130,000.00. Following the transaction, the director directly owned 36,076 shares in the company, valued at $2,344,940. This represents a 5.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Michael Linford sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $80.04, for a total transaction of $8,004,000.00. Following the transaction, the chief operating officer directly owned 117,984 shares in the company, valued at approximately $9,443,439.36. This trade represents a 45.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 11.01% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on AFRM. Royal Bank Of Canada lifted their price objective on Affirm from $77.00 to $80.00 and gave the stock a “sector perform” rating in a research note on Friday, May 8th. BTIG Research reiterated a “neutral” rating on shares of Affirm in a research report on Tuesday, May 26th. Sanford C. Bernstein assumed coverage on shares of Affirm in a report on Tuesday, July 21st. They issued an “outperform” rating and a $100.00 target price for the company. Citizens Jmp reduced their price target on shares of Affirm from $105.00 to $85.00 and set a “market outperform” rating on the stock in a research report on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Affirm from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, June 25th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $92.74.

Affirm Trading Up 4.0%

Shares of AFRM stock opened at $73.05 on Tuesday. Affirm Holdings, Inc. has a 1 year low of $42.10 and a 1 year high of $100.00. The company has a debt-to-equity ratio of 2.39, a current ratio of 11.32 and a quick ratio of 11.32. The stock’s 50 day simple moving average is $74.09 and its two-hundred day simple moving average is $63.58. The company has a market cap of $24.46 billion, a PE ratio of 66.41, a price-to-earnings-growth ratio of 2.86 and a beta of 3.67.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.13. The firm had revenue of $943.95 million during the quarter, compared to analysts’ expectations of $995.27 million. Affirm had a net margin of 9.63% and a return on equity of 11.17%. The firm’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.01 EPS. Research analysts predict that Affirm Holdings, Inc. will post 1.23 earnings per share for the current year.

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.