Affirm Holdings, Inc. (NASDAQ:AFRM) Stock Position Lifted by RJA Asset Management LLC

RJA Asset Management LLC raised its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 39.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 553,827 shares of the company's stock after purchasing an additional 156,402 shares during the quarter. Affirm accounts for 7.7% of RJA Asset Management LLC's portfolio, making the stock its 2nd largest position. RJA Asset Management LLC owned 0.17% of Affirm worth $25,027,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of AFRM. Capital Research Global Investors increased its holdings in Affirm by 2.0% in the fourth quarter. Capital Research Global Investors now owns 24,264,396 shares of the company's stock valued at $1,477,747,000 after buying an additional 470,409 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Affirm by 3.4% in the 4th quarter. Vanguard Group Inc. now owns 21,815,563 shares of the company's stock valued at $1,328,568,000 after acquiring an additional 716,574 shares during the last quarter. Capital World Investors raised its position in shares of Affirm by 0.4% during the 4th quarter. Capital World Investors now owns 18,339,165 shares of the company's stock valued at $1,116,861,000 after acquiring an additional 72,582 shares in the last quarter. Durable Capital Partners LP lifted its stake in Affirm by 97.3% during the fourth quarter. Durable Capital Partners LP now owns 5,858,283 shares of the company's stock worth $356,769,000 after purchasing an additional 2,888,827 shares during the last quarter. Finally, Jericho Capital Asset Management L.P. boosted its holdings in Affirm by 11.6% in the fourth quarter. Jericho Capital Asset Management L.P. now owns 5,198,039 shares of the company's stock worth $316,561,000 after purchasing an additional 538,892 shares during the period. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Affirm Price Performance

Shares of NASDAQ AFRM traded up $1.78 during midday trading on Thursday, reaching $61.68. The company's stock had a trading volume of 6,038,246 shares, compared to its average volume of 8,433,920. Affirm Holdings, Inc. has a one year low of $22.25 and a one year high of $82.53. The company has a 50 day moving average price of $51.19 and a 200 day moving average price of $56.71. The company has a market cap of $19.90 billion, a price-to-earnings ratio of -293.71, a price-to-earnings-growth ratio of 123.33 and a beta of 3.58. The company has a current ratio of 11.47, a quick ratio of 11.47 and a debt-to-equity ratio of 2.55.

Affirm (NASDAQ:AFRM - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.10. The firm had revenue of $783.14 million for the quarter, compared to the consensus estimate of $782.98 million. Affirm had a negative return on equity of 2.22% and a negative net margin of 2.07%. The business's revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.43) EPS. On average, equities research analysts expect that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Insider Buying and Selling

In other news, Director Keith Rabois sold 16,089 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $51.00, for a total value of $820,539.00. Following the completion of the sale, the director now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Noel Bertram Watson sold 2,500 shares of the firm's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $60.86, for a total value of $152,150.00. Following the completion of the sale, the director now directly owns 36,497 shares of the company's stock, valued at approximately $2,221,207.42. This trade represents a 6.41% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 34,677 shares of company stock valued at $1,703,245. Company insiders own 11.82% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AFRM. Susquehanna upgraded shares of Affirm from a "neutral" rating to a "positive" rating and set a $65.00 price target on the stock in a research report on Friday, May 9th. Stephens initiated coverage on shares of Affirm in a research note on Thursday, June 12th. They set an "equal weight" rating and a $69.00 price objective on the stock. Evercore ISI began coverage on Affirm in a research note on Wednesday, April 9th. They issued an "outperform" rating and a $50.00 target price for the company. Truist Financial initiated coverage on Affirm in a report on Monday, June 2nd. They set a "buy" rating and a $58.00 target price for the company. Finally, Compass Point raised Affirm from a "neutral" rating to a "buy" rating and raised their price target for the stock from $61.00 to $64.00 in a report on Wednesday, March 19th. Nine research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $65.05.

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.