J. Safra Sarasin Holding AG Acquires New Stake in Affirm Holdings, Inc. $AFRM

J. Safra Sarasin Holding AG bought a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 37,724 shares of the company’s stock, valued at approximately $2,861,000.

A number of other institutional investors have also added to or reduced their stakes in AFRM. Yarbrough Capital LLC bought a new stake in shares of Affirm during the 4th quarter valued at about $375,000. USA Financial Formulas bought a new position in shares of Affirm in the fourth quarter worth approximately $215,000. Q Fund Management Hong Kong Ltd purchased a new stake in Affirm in the fourth quarter valued at approximately $6,416,000. CoreCap Advisors LLC raised its stake in Affirm by 431.3% in the fourth quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock valued at $33,000 after purchasing an additional 358 shares in the last quarter. Finally, Norden Group LLC lifted its position in Affirm by 22.9% during the fourth quarter. Norden Group LLC now owns 3,444 shares of the company’s stock valued at $256,000 after purchasing an additional 642 shares during the last quarter. 69.29% of the stock is currently owned by institutional investors.

Affirm Trading Up 6.5%

Shares of AFRM opened at $45.82 on Wednesday. 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 $15.26 billion, a price-to-earnings ratio of 56.57, a PEG ratio of 1.59 and a beta of 3.61. The firm has a 50 day moving average price of $52.95 and a 200-day moving average price of $66.78. The company has a debt-to-equity ratio of 2.58, a quick ratio of 11.41 and a current ratio of 11.41.

Affirm (NASDAQ:AFRM) last issued its earnings results on Thursday, February 5th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.09. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Affirm had a net margin of 7.60% and a return on equity of 8.83%. The firm’s revenue was up 29.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 EPS. As a group, equities research analysts forecast that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Insider Activity

In related news, CEO Max R. Levchin sold 666,666 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $80.62, for a total transaction of $53,746,612.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Robert O’hare sold 36,401 shares of Affirm stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer directly owned 1,368 shares in the company, valued at $109,440. This trade represents a 96.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 11.01% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. UBS Group set a $78.00 price target on shares of Affirm in a research note on Friday, February 6th. BTIG Research reaffirmed a “neutral” rating on shares of Affirm in a report on Thursday, February 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Affirm in a research report on Friday. Wolfe Research initiated coverage on Affirm in a research note on Tuesday, December 9th. They issued a “peer perform” rating on the stock. Finally, Oppenheimer lowered their price target on Affirm from $95.00 to $83.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Nineteen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $85.00.

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.