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:AFRMFree Report) 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:AFRMGet Free Report) 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.

Read Our Latest Stock Report on Affirm

About Affirm

(Free Report)

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.

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Institutional Ownership by Quarter for Affirm (NASDAQ:AFRM)

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