Ashford Capital Management Inc. Makes New $840,000 Investment in Affirm Holdings, Inc. (NASDAQ:AFRM)

Ashford Capital Management Inc. bought a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 13,800 shares of the company's stock, valued at approximately $840,000.

A number of other institutional investors also recently modified their holdings of AFRM. Itau Unibanco Holding S.A. acquired a new stake in Affirm in the 4th quarter worth about $28,000. Geneos Wealth Management Inc. increased its holdings in shares of Affirm by 356.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 525 shares of the company's stock worth $32,000 after purchasing an additional 410 shares during the period. R Squared Ltd acquired a new stake in shares of Affirm in the fourth quarter valued at approximately $33,000. Coppell Advisory Solutions LLC acquired a new stake in shares of Affirm in the fourth quarter valued at approximately $40,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of Affirm in the fourth quarter valued at approximately $43,000. Institutional investors own 69.29% of the company's stock.

Insider Transactions at Affirm

In related news, Director Noel Bertram Watson sold 2,500 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $45.78, for a total value of $114,450.00. Following the sale, the director now directly owns 38,997 shares in the company, valued at $1,785,282.66. This represents a 6.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Keith Rabois sold 16,088 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $63.97, for a total transaction of $1,029,149.36. Following the transaction, the director now owns 61,520 shares of the company's stock, valued at approximately $3,935,434.40. The trade was a 20.73% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,765 shares of company stock worth $2,694,694. Company insiders own 12.41% of the company's stock.

Affirm Price Performance

Affirm stock opened at $51.71 on Tuesday. The stock has a 50-day moving average price of $46.72 and a two-hundred day moving average price of $57.24. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $82.53. The company has a market capitalization of $16.68 billion, a PE ratio of -79.55 and a beta of 3.66. 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 (NASDAQ:AFRM - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating 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 business had revenue of $783.14 million during the quarter, compared to analyst estimates of $782.98 million. During the same quarter last year, the business earned ($0.43) EPS. The firm's quarterly revenue was up 35.9% on a year-over-year basis. Analysts expect that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Wall Street Analyst Weigh In

AFRM has been the subject of several analyst reports. Royal Bank of Canada lifted their price objective on Affirm from $67.00 to $81.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. The Goldman Sachs Group boosted their price target on Affirm from $45.00 to $58.00 and gave the company a "buy" rating in a research note on Monday, May 12th. UBS Group decreased their target price on shares of Affirm from $62.00 to $56.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. Compass Point upgraded shares of Affirm from a "neutral" rating to a "buy" rating and boosted their target price for the company from $61.00 to $64.00 in a research report on Wednesday, March 19th. Finally, Seaport Res Ptn upgraded shares of Affirm to a "hold" rating in a research report on Monday, March 24th. Seven equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Affirm has an average rating of "Moderate Buy" and a consensus price target of $65.05.

Affirm Company 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.

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