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Jefferies Financial Group Inc. Has $8.41 Million Stock Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Affirm logo with Computer and Technology background

Key Points

  • Jefferies Financial Group Inc. has decreased its stake in Affirm Holdings by 12.2%, now owning 186,144 shares valued at approximately $8.4 million.
  • Affirm's share price opened at $66.41, with a 12-month range of $22.25 to $82.53, reflecting significant volatility over the year.
  • Several analysts have recently updated their ratings on Affirm, with Deutsche Bank initiating coverage at a "buy" rating and a price target of $78.00.
  • Five stocks to consider instead of Affirm.

Jefferies Financial Group Inc. lessened its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 12.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 186,144 shares of the company's stock after selling 25,949 shares during the period. Jefferies Financial Group Inc. owned about 0.06% of Affirm worth $8,412,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Capital Research Global Investors raised its holdings in shares of Affirm by 2.0% during the fourth quarter. Capital Research Global Investors now owns 24,264,396 shares of the company's stock worth $1,477,747,000 after acquiring an additional 470,409 shares in the last quarter. Capital World Investors increased its position in Affirm by 0.4% during the fourth quarter. Capital World Investors now owns 18,339,165 shares of the company's stock worth $1,116,861,000 after buying an additional 72,582 shares during the last quarter. Durable Capital Partners LP increased its position in Affirm by 97.3% during the fourth quarter. Durable Capital Partners LP now owns 5,858,283 shares of the company's stock worth $356,769,000 after buying an additional 2,888,827 shares during the last quarter. Jericho Capital Asset Management L.P. increased its position in Affirm by 11.6% during the fourth quarter. Jericho Capital Asset Management L.P. now owns 5,198,039 shares of the company's stock worth $316,561,000 after buying an additional 538,892 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Affirm by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 4,173,353 shares of the company's stock valued at $254,238,000 after purchasing an additional 212,234 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company's stock.

Insider Buying and Selling at Affirm

In other news, insider Katherine Adkins sold 57,102 shares of the business's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $70.27, for a total value of $4,012,557.54. Following the completion of the transaction, the insider owned 112,467 shares of the company's stock, valued at $7,903,056.09. The trade was a 33.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christa S. Quarles sold 754 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $67.43, for a total transaction of $50,842.22. Following the completion of the transaction, the director directly owned 137,241 shares of the company's stock, valued at $9,254,160.63. This trade represents a 0.55% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 80,158 shares of company stock worth $5,602,284 over the last quarter. 11.82% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Affirm in a research report on Thursday, July 17th. They issued a "buy" rating and a $78.00 price target on the stock. Redburn Atlantic upgraded shares of Affirm to a "hold" rating in a research note on Friday. TD Cowen began coverage on Affirm in a report on Tuesday, April 8th. They issued a "buy" rating and a $50.00 price target for the company. Needham & Company LLC reaffirmed a "hold" rating on shares of Affirm in a report on Wednesday, July 2nd. Finally, BTIG Research cut Affirm from a "buy" rating to a "neutral" rating in a report on Monday, July 14th. Eleven investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $68.09.

Get Our Latest Stock Report on Affirm

Affirm Trading Up 12.6%

AFRM stock traded up $8.38 during trading on Monday, hitting $74.79. The company had a trading volume of 9,868,835 shares, compared to its average volume of 4,942,894. The company has a quick ratio of 11.47, a current ratio of 11.47 and a debt-to-equity ratio of 2.55. The firm has a 50-day moving average price of $63.23 and a 200-day moving average price of $57.10. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $82.53. The stock has a market cap of $24.13 billion, a price-to-earnings ratio of -356.14, a PEG ratio of 2.46 and a beta of 3.63.

Affirm (NASDAQ:AFRM - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.10. Affirm had a negative net margin of 2.07% and a negative return on equity of 2.22%. The firm had revenue of $783.14 million during the quarter, compared to analysts' expectations of $782.98 million. During the same quarter in the previous year, the company posted ($0.43) EPS. Affirm's revenue was up 35.9% on a year-over-year basis. As a group, analysts predict that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Affirm Profile

(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.

See Also

Institutional Ownership by Quarter for Affirm (NASDAQ:AFRM)

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