Affirm Holdings, Inc. $AFRM Shares Purchased by Maytus Capital Management LLC

Maytus Capital Management LLC increased its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 19.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,000 shares of the company’s stock after acquiring an additional 14,000 shares during the quarter. Affirm makes up approximately 1.5% of Maytus Capital Management LLC’s holdings, making the stock its 27th biggest holding. Maytus Capital Management LLC’s holdings in Affirm were worth $6,327,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of AFRM. Norges Bank bought a new position in Affirm in the 4th quarter worth about $281,961,000. Invesco Ltd. grew its position in Affirm by 294.2% in the 3rd quarter. Invesco Ltd. now owns 4,333,691 shares of the company’s stock worth $316,706,000 after purchasing an additional 3,234,260 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Affirm by 11,042.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,161,278 shares of the company’s stock worth $157,004,000 after purchasing an additional 2,141,881 shares during the last quarter. Atreides Management LP grew its position in Affirm by 543.3% in the 2nd quarter. Atreides Management LP now owns 1,977,882 shares of the company’s stock worth $136,751,000 after purchasing an additional 1,670,429 shares during the last quarter. Finally, State Street Corp grew its position in Affirm by 26.7% in the 3rd quarter. State Street Corp now owns 5,641,965 shares of the company’s stock worth $412,315,000 after purchasing an additional 1,187,665 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.

Affirm Trading Up 3.9%

Affirm stock opened at $74.69 on Wednesday. The firm has a 50 day simple moving average of $64.10 and a 200-day simple moving average of $62.41. 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 has a market capitalization of $25.01 billion, a PE ratio of 67.90, a price-to-earnings-growth ratio of 4.14 and a beta of 3.70. Affirm Holdings, Inc. has a 12-month low of $42.10 and a 12-month high of $100.00.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.13. The business 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 business’s revenue was up 32.7% on a year-over-year basis. During the same period last year, the firm posted $0.01 earnings per share. As a group, equities research analysts expect that Affirm Holdings, Inc. will post 1.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on AFRM shares. Royal Bank Of Canada upped their target price on shares of Affirm from $77.00 to $80.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Citizens Jmp decreased their target price on shares of Affirm from $105.00 to $85.00 and set a “market outperform” rating for the company in a research report on Friday, April 17th. Cantor Fitzgerald upped their target price on shares of Affirm from $61.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. UBS Group upped their target price on shares of Affirm from $78.00 to $82.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Affirm in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, Affirm currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.20.

Insider Activity

In other news, Director Noel Bertram Watson sold 2,000 shares of the 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 transaction, the director directly owned 36,076 shares in the company, valued at $2,344,940. This trade represents a 5.25% decrease in their ownership of the stock. The transaction 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. 11.01% of the stock is owned by company insiders.

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.