Dockside LLC Acquires New Position in Affirm Holdings, Inc. $AFRM

Dockside LLC acquired a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 25,067 shares of the company’s stock, valued at approximately $1,866,000.

A number of other institutional investors have also modified their holdings of AFRM. Assetmark Inc. grew its position in shares of Affirm by 111.3% during the 3rd 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. Greenline Wealth Management LLC bought a new stake in shares of Affirm during the 4th quarter valued at about $26,000. Triumph Capital Management bought a new stake in shares of Affirm during the 3rd quarter valued at about $31,000. CoreCap Advisors LLC grew its position in shares of Affirm by 431.3% during the 4th quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock valued at $33,000 after buying an additional 358 shares during the last quarter. Finally, Larson Financial Group LLC grew its position in shares of Affirm by 74.5% during the 3rd quarter. Larson Financial Group LLC now owns 499 shares of the company’s stock valued at $36,000 after buying an additional 213 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AFRM shares. Stephens boosted their price objective on shares of Affirm from $55.00 to $75.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Morgan Stanley set a $79.00 target price on shares of Affirm and gave the stock an “overweight” rating in a research report on Sunday, May 10th. Citigroup restated a “buy” rating on shares of Affirm in a research report on Wednesday, April 15th. Mizuho upped their target price on shares of Affirm from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Finally, BMO Capital Markets began coverage on shares of Affirm in a research report on Tuesday, April 21st. They issued an “outperform” rating and a $75.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Affirm currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.20.

Insider Buying and Selling at Affirm

In other news, Director Noel Bertram Watson sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $65.00, for a total value of $130,000.00. Following the completion of the sale, the director directly owned 36,076 shares of the company’s stock, valued at approximately $2,344,940. This represents a 5.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 11.01% of the company’s stock.

Affirm Price Performance

NASDAQ AFRM opened at $66.17 on Friday. Affirm Holdings, Inc. has a 52 week low of $42.10 and a 52 week high of $100.00. The company has a current ratio of 11.32, a quick ratio of 11.32 and a debt-to-equity ratio of 2.39. The stock has a market cap of $22.16 billion, a price-to-earnings ratio of 60.15, a price-to-earnings-growth ratio of 3.81 and a beta of 3.70. The company has a 50-day moving average price of $63.02 and a two-hundred day moving average price of $62.38.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, May 7th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.17 by $0.13. Affirm had a net margin of 9.63% and a return on equity of 11.17%. The firm had revenue of $943.95 million during the quarter, compared to analysts’ expectations of $995.27 million. During the same quarter in the prior year, the firm earned $0.01 EPS. Affirm’s quarterly revenue was up 32.7% on a year-over-year basis. Analysts forecast that Affirm Holdings, Inc. will post 1.25 EPS for the current year.

Affirm Company 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.