Clear Street Group Inc. Acquires 18,908 Shares of Affirm Holdings, Inc. $AFRM

Clear Street Group Inc. raised its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 42.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,478 shares of the company’s stock after purchasing an additional 18,908 shares during the period. Clear Street Group Inc.’s holdings in Affirm were worth $4,725,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of AFRM. Assetmark Inc. raised its position in Affirm by 111.3% during the 3rd quarter. Assetmark Inc. now owns 338 shares of the company’s stock valued at $25,000 after purchasing an additional 178 shares during the last quarter. Greenline Wealth Management LLC bought a new position in Affirm during the 4th quarter valued at approximately $26,000. Triumph Capital Management bought a new position in Affirm during the 3rd quarter valued at approximately $31,000. CoreCap Advisors LLC raised its position in 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 purchasing an additional 358 shares during the last quarter. Finally, Larson Financial Group LLC raised its position in 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 purchasing an additional 213 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.

Insiders Place Their Bets

In related news, Director Noel Bertram Watson sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $65.00, for a total transaction of $130,000.00. Following the completion of the transaction, the director owned 36,076 shares of the company’s stock, valued at $2,344,940. This trade represents a 5.25% decrease in their position. The transaction was disclosed in a 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. 11.01% of the stock is currently owned by company insiders.

Affirm Stock Down 0.5%

AFRM stock opened at $66.17 on Friday. Affirm Holdings, Inc. has a twelve month low of $42.10 and a twelve month high of $100.00. The company has a quick ratio of 11.32, a current ratio of 11.32 and a debt-to-equity ratio of 2.39. The firm has a market cap of $22.16 billion, a PE ratio of 60.15, a price-to-earnings-growth ratio of 3.81 and a beta of 3.70. The business has a 50 day moving average of $63.02 and a 200 day moving average of $62.38.

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on AFRM shares. Cantor Fitzgerald upped their price target on Affirm from $61.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Citigroup reissued a “buy” rating on shares of Affirm in a research report on Wednesday, April 15th. Needham & Company LLC increased their target price on Affirm from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Stephens increased their target price on Affirm from $55.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Finally, The Goldman Sachs Group lowered Affirm from a “buy” rating to a “hold” rating in a research report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $86.20.

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.