Fairvoy Private Wealth LLC Takes Position in Affirm Holdings, Inc. $AFRM

Fairvoy Private Wealth LLC bought a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) in the 3rd quarter, Holdings Channel reports. The fund bought 16,712 shares of the company’s stock, valued at approximately $1,221,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of Affirm in the second quarter worth about $183,475,000. Aspire Capital Advisors LLC purchased a new stake in Affirm during the 2nd quarter worth approximately $310,000. Truist Financial Corp raised its position in shares of Affirm by 236.6% in the 2nd quarter. Truist Financial Corp now owns 60,725 shares of the company’s stock valued at $4,199,000 after purchasing an additional 42,686 shares in the last quarter. GraniteShares Advisors LLC acquired a new position in shares of Affirm in the 2nd quarter valued at approximately $554,000. Finally, Nordea Investment Management AB boosted its stake in shares of Affirm by 121.7% during the 2nd quarter. Nordea Investment Management AB now owns 229,837 shares of the company’s stock valued at $15,882,000 after buying an additional 126,186 shares during the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Insiders Place Their Bets

In other Affirm news, CFO Robert O’hare sold 8,189 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $70.00, for a total value of $573,230.00. Following the sale, the chief financial officer directly owned 1,368 shares of the company’s stock, valued at $95,760. This trade represents a 85.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Max R. Levchin sold 651,713 shares of the firm’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $89.27, for a total value of $58,178,419.51. The disclosure for this sale is available in the SEC filing. 11.01% of the stock is owned by corporate insiders.

Affirm Price Performance

AFRM opened at $76.22 on Friday. The company has a quick ratio of 12.80, a current ratio of 12.80 and a debt-to-equity ratio of 2.40. The company’s 50-day moving average price is $70.80 and its 200 day moving average price is $72.26. Affirm Holdings, Inc. has a fifty-two week low of $30.90 and a fifty-two week high of $100.00. The firm has a market cap of $25.16 billion, a price-to-earnings ratio of 113.76, a price-to-earnings-growth ratio of 3.47 and a beta of 3.57.

Affirm (NASDAQ:AFRM) last issued its earnings results on Thursday, November 6th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.12. The company had revenue of $933.34 million during the quarter, compared to the consensus estimate of $881.83 million. Affirm had a return on equity of 7.75% and a net margin of 6.74%.Affirm’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.31) earnings per share. As a group, sell-side analysts expect that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on AFRM shares. Citigroup upgraded shares of Affirm to a “strong-buy” rating in a research note on Thursday, October 23rd. The Goldman Sachs Group dropped their target price on shares of Affirm from $105.00 to $94.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Evercore ISI reaffirmed an “outperform” rating on shares of Affirm in a research report on Tuesday. Rothschild & Co Redburn raised Affirm from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $74.00 to $101.00 in a report on Monday, October 6th. Finally, Redburn Partners set a $101.00 price objective on Affirm in a research note on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, Affirm currently has a consensus rating of “Moderate Buy” and an average target price of $86.57.

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.