Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC increased its position in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 4,872.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 207,693 shares of the company's stock after purchasing an additional 203,516 shares during the period. GAMMA Investing LLC owned 0.07% of Affirm worth $9,386,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AFRM. Truist Financial Corp purchased a new stake in Affirm in the fourth quarter valued at approximately $212,000. Essex Financial Services Inc. purchased a new stake in Affirm in the 4th quarter valued at $244,000. Ameriprise Financial Inc. raised its position in Affirm by 2.6% in the 4th quarter. Ameriprise Financial Inc. now owns 145,932 shares of the company's stock valued at $8,887,000 after purchasing an additional 3,672 shares during the last quarter. Choreo LLC acquired a new stake in Affirm during the 4th quarter worth $261,000. Finally, Steward Partners Investment Advisory LLC grew its position in Affirm by 59.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,878 shares of the company's stock worth $114,000 after purchasing an additional 700 shares during the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

Affirm Price Performance

Shares of AFRM stock traded up $3.21 during mid-day trading on Friday, reaching $58.92. The stock had a trading volume of 7,222,489 shares, compared to its average volume of 8,578,452. The company has a market cap of $19.01 billion, a P/E ratio of -90.65 and a beta of 3.58. The company has a current ratio of 11.26, a quick ratio of 11.26 and a debt-to-equity ratio of 2.68. Affirm Holdings, Inc. has a 12-month low of $22.25 and a 12-month high of $82.53. The business has a 50-day simple moving average of $47.85 and a 200 day simple moving average of $57.01.

Affirm (NASDAQ:AFRM - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.09) by $0.10. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. The company 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 business posted ($0.43) earnings per share. The firm's quarterly revenue was up 35.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on AFRM shares. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $70.00 target price on shares of Affirm in a report on Thursday. Wells Fargo & Company dropped their target price on Affirm from $85.00 to $67.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Seaport Res Ptn upgraded Affirm to a "hold" rating in a research note on Monday, March 24th. UBS Group lowered their price objective on shares of Affirm from $62.00 to $56.00 and set a "neutral" rating on the stock in a research report on Friday, May 9th. Finally, JMP Securities cut their price objective on shares of Affirm from $85.00 to $75.00 and set a "market outperform" rating for the company in a research report on Friday, May 9th. Eight equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $64.15.

Insider Activity at Affirm

In other Affirm news, Director Noel Bertram Watson sold 2,500 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $45.78, for a total value of $114,450.00. Following the transaction, the director now directly owns 38,997 shares in the company, valued at approximately $1,785,282.66. This represents a 6.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Keith Rabois sold 16,089 shares of the firm's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $51.00, for a total transaction of $820,539.00. Following the sale, the director now directly owns 29,343 shares in the company, valued at $1,496,493. This represents a 35.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,677 shares of company stock valued at $1,665,545. 11.82% of the stock is 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.