LifePro Asset Management Makes New $2.08 Million Investment in Affirm Holdings, Inc. (NASDAQ:AFRM)

LifePro Asset Management purchased a new position in Affirm Holdings, Inc. (NASDAQ:AFRM) during the third quarter, Holdings Channel reports. The fund purchased 50,904 shares of the company’s stock, valued at approximately $2,078,000. Affirm accounts for 1.3% of LifePro Asset Management’s holdings, making the stock its 28th largest holding.

A number of other large investors have also bought and sold shares of the stock. Dragoneer Investment Group LLC purchased a new position in shares of Affirm during the second quarter valued at approximately $45,219,000. Vanguard Group Inc. increased its stake in shares of Affirm by 6.8% during the first quarter. Vanguard Group Inc. now owns 20,823,803 shares of the company’s stock valued at $775,895,000 after buying an additional 1,316,901 shares during the period. Artemis Investment Management LLP purchased a new position in shares of Affirm during the third quarter valued at approximately $30,808,000. Baillie Gifford & Co. increased its stake in shares of Affirm by 4.2% during the first quarter. Baillie Gifford & Co. now owns 18,732,407 shares of the company’s stock valued at $697,969,000 after buying an additional 749,368 shares during the period. Finally, Jupiter Asset Management Ltd. purchased a new position in shares of Affirm during the first quarter valued at approximately $20,150,000. 69.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AFRM shares. Barclays boosted their target price on Affirm from $50.00 to $54.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Royal Bank of Canada restated a “sector perform” rating and set a $46.00 price target on shares of Affirm in a research report on Friday, October 4th. Susquehanna initiated coverage on Affirm in a research report on Friday, September 20th. They set a “positive” rating and a $52.00 price target on the stock. BTIG Research upgraded Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price target on the stock in a research report on Tuesday. Finally, Wedbush lifted their price target on Affirm from $20.00 to $25.00 and gave the company an “underperform” rating in a research report on Thursday, August 29th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Affirm currently has an average rating of “Hold” and a consensus price target of $38.13.

Affirm Stock Down 2.9 %

Affirm stock opened at $42.01 on Friday. The stock has a market cap of $12.99 billion, a PE ratio of -18.84 and a beta of 3.50. The company has a debt-to-equity ratio of 2.41, a quick ratio of 13.07 and a current ratio of 13.07. Affirm Holdings, Inc. has a one year low of $15.97 and a one year high of $52.48. The stock has a fifty day moving average of $36.41 and a 200 day moving average of $33.22.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings results on Wednesday, August 28th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.31. The business had revenue of $659.19 million during the quarter, compared to analysts’ expectations of $599.50 million. Affirm had a negative return on equity of 15.55% and a negative net margin of 22.29%. As a group, sell-side analysts predict that Affirm Holdings, Inc. will post -0.82 EPS for the current year.

Insiders Place Their Bets

In other Affirm news, Director Christa S. Quarles sold 14,400 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $40.02, for a total value of $576,288.00. Following the completion of the sale, the director now owns 141,903 shares in the company, valued at $5,678,958.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Katherine Adkins sold 6,084 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $45.00, for a total value of $273,780.00. Following the completion of the transaction, the insider now owns 122,069 shares of the company’s stock, valued at $5,493,105. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Christa S. Quarles sold 14,400 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $40.02, for a total value of $576,288.00. Following the completion of the transaction, the director now directly owns 141,903 shares of the company’s stock, valued at approximately $5,678,958.06. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 112,075 shares of company stock worth $4,803,786 over the last quarter. 13.05% of the stock is currently owned by corporate insiders.

Affirm Profile

Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States, Canada, and internationally. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time with terms ranging up to 60 months.