Pacific Sage Partners LLC Takes $1.04 Million Position in Affirm Holdings, Inc. $AFRM

Pacific Sage Partners LLC purchased a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 14,000 shares of the company’s stock, valued at approximately $1,042,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. F&V Capital Management LLC increased its holdings in Affirm by 4.3% in the fourth quarter. F&V Capital Management LLC now owns 12,476 shares of the company’s stock worth $929,000 after buying an additional 511 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Affirm by 6.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 40,192 shares of the company’s stock valued at $2,991,000 after acquiring an additional 2,474 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Affirm by 1.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,274,227 shares of the company’s stock worth $94,331,000 after acquiring an additional 12,616 shares in the last quarter. J. Safra Sarasin Holding AG bought a new stake in Affirm in the fourth quarter worth approximately $2,861,000. Finally, Yarbrough Capital LLC acquired a new position in shares of Affirm during the 4th quarter worth $375,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

Insider Activity

In other news, CFO Robert O’hare sold 36,401 shares of Affirm stock in a transaction dated 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 transaction, the chief financial officer directly owned 1,368 shares in the company, valued at approximately $109,440. The trade was a 96.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Max R. Levchin sold 666,666 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $80.62, for a total value of $53,746,612.92. The SEC filing for this sale provides additional information. Company insiders own 11.01% of the company’s stock.

Affirm Price Performance

NASDAQ AFRM opened at $46.31 on Friday. Affirm Holdings, Inc. has a 1 year low of $30.90 and a 1 year high of $100.00. The company has a fifty day simple moving average of $51.90 and a 200 day simple moving average of $66.49. 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 company has a market cap of $15.43 billion, a P/E ratio of 57.17, a P/E/G ratio of 1.69 and a beta of 3.63.

Affirm (NASDAQ:AFRM) last announced its 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 for the quarter, compared to the consensus estimate of $1.06 billion. Affirm had a net margin of 7.60% and a return on equity of 8.83%. The business’s quarterly revenue was up 29.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 EPS. On average, sell-side analysts predict that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on AFRM. UBS Group set a $78.00 price target on shares of Affirm in a report on Friday, February 6th. TD Cowen reissued a “buy” rating on shares of Affirm in a research report on Friday, February 6th. Wall Street Zen lowered Affirm from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Truist Financial reduced their price target on Affirm from $85.00 to $71.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Finally, Compass Point reiterated a “buy” rating and set a $68.00 price target on shares of Affirm in a research note on Wednesday, February 18th. One 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.com, Affirm has a consensus rating of “Moderate Buy” and an average target price of $85.00.

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.