Pacific Heights Asset Management LLC Has $14.46 Million Stake in Affirm Holdings, Inc. (NASDAQ:AFRM)

Pacific Heights Asset Management LLC boosted its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 1.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 320,000 shares of the company's stock after purchasing an additional 5,000 shares during the period. Pacific Heights Asset Management LLC owned 0.10% of Affirm worth $14,461,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of AFRM. Itau Unibanco Holding S.A. acquired a new position in Affirm during the fourth quarter valued at approximately $28,000. Coppell Advisory Solutions LLC acquired a new position in Affirm during the fourth quarter valued at approximately $40,000. Strategic Investment Solutions Inc. IL acquired a new position in Affirm during the fourth quarter valued at approximately $43,000. Creative Financial Designs Inc. ADV boosted its position in Affirm by 640.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 740 shares of the company's stock valued at $45,000 after purchasing an additional 640 shares during the last quarter. Finally, Prestige Wealth Management Group LLC boosted its position in Affirm by 78.1% during the fourth quarter. Prestige Wealth Management Group LLC now owns 757 shares of the company's stock valued at $46,000 after purchasing an additional 332 shares during the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Christa S. Quarles sold 754 shares of Affirm stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $67.43, for a total value of $50,842.22. Following the transaction, the director owned 137,241 shares in the company, valued at approximately $9,254,160.63. This trade represents a 0.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Keith Rabois sold 16,089 shares of Affirm stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $51.00, for a total value of $820,539.00. Following the completion of the transaction, the director owned 29,343 shares in the company, valued at approximately $1,496,493. The trade was a 35.41% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,343 shares of company stock worth $1,023,531. Insiders own 11.82% of the company's stock.

Affirm Price Performance

Affirm stock traded up $2.04 during mid-day trading on Monday, reaching $71.23. 5,811,530 shares of the company were exchanged, compared to its average volume of 8,377,437. The company has a fifty day simple moving average of $57.20 and a 200-day simple moving average of $56.35. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $82.53. The company has a debt-to-equity ratio of 2.55, a current ratio of 11.47 and a quick ratio of 11.47. The firm has a market cap of $22.98 billion, a PE ratio of -339.19, a PEG ratio of 2.42 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 EPS for the quarter, topping analysts' consensus estimates of ($0.09) by $0.10. Affirm had a negative return on equity of 2.22% and a negative net margin of 2.07%. The firm had revenue of $783.14 million for the quarter, compared to analyst estimates of $782.98 million. During the same quarter last year, the company earned ($0.43) EPS. The company's revenue was up 35.9% on a year-over-year basis. As a group, equities research analysts expect that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AFRM shares. Morgan Stanley cut their price objective on Affirm from $65.00 to $60.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 6th. UBS Group cut their price objective on Affirm from $62.00 to $56.00 and set a "neutral" rating for the company in a research report on Friday, May 9th. Bank of America raised their price objective on Affirm from $76.00 to $80.00 and gave the company a "buy" rating in a research report on Friday, May 9th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $69.00 price objective on shares of Affirm in a research report on Thursday, March 20th. Finally, TD Cowen started coverage on Affirm in a research report on Tuesday, April 8th. They issued a "buy" rating and a $50.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $65.67.

About Affirm

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.