Baillie Gifford & Co. Has $408.10 Million Stock Holdings in Affirm Holdings, Inc. $AFRM

Key Points

• Baillie Gifford & Co. trimmed its stake in Affirm by 7% to 5,482,943 shares, a holding worth about $408.10 million and roughly 1.66% of the company.
• Earnings beat: Affirm reported quarterly EPS of $0.37 versus $0.28 expected and revenue of $1.12 billion, up 29.6% year-over-year.
• Analysts have a consensus Moderate Buy on AFRM with an average target of $85, though several firms recently cut targets and ratings range from Strong Buy to Hold (1 Strong Buy, 19 Buy, 8 Hold).

Baillie Gifford & Co. cut its position in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 7.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,482,943 shares of the company's stock after selling 412,419 shares during the period. Baillie Gifford & Co. owned about 1.66% of Affirm worth $408,095,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Assetmark Inc. raised its holdings in Affirm by 111.3% in the third quarter. Assetmark Inc. now owns 338 shares of the company's stock worth $25,000 after purchasing an additional 178 shares during the period. Mather Group LLC. acquired a new stake in shares of Affirm during the third quarter worth $29,000. Triumph Capital Management acquired a new stake in shares of Affirm during the third quarter worth $31,000. CoreCap Advisors LLC raised its holdings in shares of Affirm by 431.3% during the fourth quarter. CoreCap Advisors LLC now owns 441 shares of the company's stock worth $33,000 after acquiring an additional 358 shares during the period. Finally, Larson Financial Group LLC raised its holdings in shares of Affirm by 74.5% during the third quarter. Larson Financial Group LLC now owns 499 shares of the company's stock worth $36,000 after acquiring an additional 213 shares during the period. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AFRM. Truist Financial dropped their price objective on shares of Affirm from $85.00 to $71.00 and set a "buy" rating on the stock in a report on Friday, February 20th. Compass Point restated a "buy" rating and set a $68.00 price objective on shares of Affirm in a report on Wednesday, February 18th. Royal Bank Of Canada dropped their price objective on shares of Affirm from $87.00 to $77.00 and set a "sector perform" rating on the stock in a report on Friday, February 6th. Evercore restated an "outperform" rating on shares of Affirm in a report on Tuesday, December 16th. Finally, Bank of America began coverage on shares of Affirm in a report on Thursday, March 5th. They set a "buy" rating and a $82.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $85.00.

Affirm Price Performance

Affirm stock opened at $48.53 on Monday. The company has a market cap of $16.17 billion, a P/E ratio of 59.91, a price-to-earnings-growth ratio of 3.36 and a beta of 3.63. Affirm Holdings, Inc. has a 1-year low of $38.33 and a 1-year high of $100.00. The company has a fifty day simple moving average of $49.74 and a 200 day simple moving average of $64.49. The company has a current ratio of 11.41, a quick ratio of 11.41 and a debt-to-equity ratio of 2.58.

Affirm (NASDAQ:AFRM - Get Free Report) last released its earnings results on Thursday, February 5th. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.09. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.06 billion. Affirm had a net margin of 7.60% and a return on equity of 8.83%. The firm's revenue for the quarter was up 29.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 earnings per share. Research analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Affirm Company Profile

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.

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