Capelight Capital Asset Management LP Makes New $4.91 Million Investment in Affirm Holdings, Inc. $AFRM

Key Points

• Capelight Capital Asset Management LP acquired 66,000 shares of Affirm (NASDAQ:AFRM) in Q4, a new position valued at approximately $4.91 million, representing about 4.0% of the fund and its fifth-largest holding.
• Affirm's latest quarter beat estimates with EPS of $0.37 versus $0.28 expected and revenue of $1.12 billion (up 29.6% year-over-year), though analysts project a -$0.18 EPS for the current fiscal year.
• Brokerages have recently trimmed targets but remain generally positive; the consensus rating is Moderate Buy with an average price target of $85, and about 69%+ of the stock is held by hedge funds and other institutions.

Capelight Capital Asset Management LP acquired a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 66,000 shares of the company's stock, valued at approximately $4,912,000. Affirm accounts for about 4.0% of Capelight Capital Asset Management LP's holdings, making the stock its 5th biggest position.

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

Analyst Ratings Changes

Several brokerages have recently weighed in on AFRM. Royal Bank Of Canada decreased their target price on shares of Affirm from $87.00 to $77.00 and set a "sector perform" rating for the company in a research note on Friday, February 6th. Needham & Company LLC decreased their target price on shares of Affirm from $100.00 to $85.00 and set a "buy" rating for the company in a research note on Friday, February 6th. Susquehanna restated a "positive" rating and issued a $100.00 target price on shares of Affirm in a research note on Friday, February 6th. JPMorgan Chase & Co. decreased their target price on shares of Affirm from $94.00 to $79.00 and set an "overweight" rating for the company in a research note on Friday, February 6th. Finally, Morgan Stanley restated an "overweight" rating on shares of Affirm in a research note on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Affirm presently has an average rating of "Moderate Buy" and a consensus price target of $85.00.

Affirm Trading Up 7.4%

AFRM opened at $55.82 on Wednesday. The stock has a market capitalization of $18.59 billion, a PE ratio of 68.91, a P/E/G ratio of 3.60 and a beta of 3.63. The firm's fifty day moving average price is $49.42 and its 200 day moving average price is $64.17. The company has a debt-to-equity ratio of 2.58, a current ratio of 11.41 and a quick ratio of 11.41. Affirm Holdings, Inc. has a 12-month low of $39.35 and a 12-month high of $100.00.

Affirm (NASDAQ:AFRM - Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.09. The firm had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.06 billion. Affirm had a net margin of 7.60% and a return on equity of 8.83%. The firm's quarterly revenue was up 29.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 earnings per share. As a group, research analysts expect that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Affirm 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.

Want to see what other hedge funds are holding AFRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.