Point72 Europe London LLP Makes New $2.69 Million Investment in Affirm Holdings, Inc. (NASDAQ:AFRM)

Point72 Europe London LLP bought a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 54,712 shares of the company’s stock, valued at approximately $2,689,000.

A number of other institutional investors and hedge funds also recently modified their holdings of AFRM. Norges Bank bought a new position in Affirm in the 4th quarter valued at $67,310,000. Quadrature Capital Ltd bought a new position in shares of Affirm during the 4th quarter valued at approximately $16,927,000. Capital World Investors grew its holdings in Affirm by 1.2% during the fourth quarter. Capital World Investors now owns 19,002,021 shares of the company’s stock valued at $933,759,000 after purchasing an additional 218,720 shares during the period. Vanguard Group Inc. lifted its position in shares of Affirm by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 18,737,059 shares of the company’s stock valued at $398,537,000 after buying an additional 213,421 shares during the last quarter. Finally, Trexquant Investment LP raised its stake in Affirm by 79.1% in the 3rd quarter. Trexquant Investment LP now owns 395,889 shares of the company’s stock valued at $8,421,000 after acquiring an additional 174,807 shares during the period. 69.29% of the stock is owned by hedge funds and other institutional investors.

Affirm Trading Up 11.0 %

NASDAQ AFRM traded up $3.36 during trading on Tuesday, hitting $33.80. 19,185,300 shares of the company’s stock traded hands, compared to its average volume of 8,594,761. The firm has a market cap of $10.45 billion, a P/E ratio of -15.16 and a beta of 3.47. The stock has a fifty day moving average of $32.03 and a two-hundred day moving average of $37.58. The company has a debt-to-equity ratio of 2.43, a current ratio of 12.94 and a quick ratio of 12.94. Affirm Holdings, Inc. has a 12-month low of $12.81 and a 12-month high of $52.48.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Wednesday, May 8th. The company reported ($0.43) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.70) by $0.27. The business had revenue of $576.00 million for the quarter, compared to analyst estimates of $549.99 million. Affirm had a negative return on equity of 22.06% and a negative net margin of 32.17%. Affirm’s revenue for the quarter was up 51.2% compared to the same quarter last year. During the same period last year, the company earned ($0.69) EPS. As a group, sell-side analysts expect that Affirm Holdings, Inc. will post -1.98 EPS for the current year.

Insider Activity at Affirm

In other Affirm news, Director Keith Rabois sold 9,276 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $32.12, for a total value of $297,945.12. Following the sale, the director now owns 60,000 shares of the company’s stock, valued at approximately $1,927,200. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 13.05% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. JPMorgan Chase & Co. upgraded shares of Affirm from a “neutral” rating to an “overweight” rating and upped their price target for the company from $41.00 to $43.00 in a research note on Thursday, May 9th. Royal Bank of Canada reiterated a “sector perform” rating and set a $43.00 price objective on shares of Affirm in a research note on Friday, May 24th. BMO Capital Markets cut their target price on Affirm from $48.00 to $46.00 and set a “market perform” rating for the company in a research note on Friday, May 10th. BTIG Research assumed coverage on Affirm in a research report on Friday. They set a “neutral” rating on the stock. Finally, Barclays reduced their price objective on shares of Affirm from $50.00 to $41.00 and set an “overweight” rating for the company in a research note on Tuesday, April 16th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $27.53.

About Affirm

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.