Two Sigma Advisers LP Invests $39.87 Million in Affirm Holdings, Inc. (NASDAQ:AFRM)

Two Sigma Advisers LP acquired a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 654,600 shares of the company's stock, valued at approximately $39,865,000. Two Sigma Advisers LP owned 0.21% of Affirm at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Two Sigma Investments LP lifted its stake in Affirm by 48.2% in the 4th quarter. Two Sigma Investments LP now owns 822,333 shares of the company's stock worth $50,080,000 after purchasing an additional 267,539 shares in the last quarter. Tabor Asset Management LP purchased a new position in shares of Affirm during the 4th quarter valued at $2,740,000. Tidal Investments LLC increased its holdings in shares of Affirm by 122.2% in the fourth quarter. Tidal Investments LLC now owns 48,379 shares of the company's stock worth $2,946,000 after purchasing an additional 26,604 shares during the period. Shell Asset Management Co. purchased a new stake in shares of Affirm in the fourth quarter worth $273,000. Finally, Polar Capital Holdings Plc bought a new stake in Affirm during the fourth quarter valued at $8,295,000. 69.29% of the stock is currently owned by institutional investors.

Insider Transactions at Affirm

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AFRM shares. Susquehanna upgraded Affirm from a "neutral" rating to a "positive" rating and set a $65.00 target price on the stock in a research note on Friday, May 9th. JMP Securities cut their price objective on Affirm from $85.00 to $75.00 and set a "market outperform" rating for the company in a report on Friday, May 9th. Bank of America upped their price objective on shares of Affirm from $76.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. The Goldman Sachs Group lifted their target price on shares of Affirm from $45.00 to $58.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Finally, JPMorgan Chase & Co. cut their price target on shares of Affirm from $74.00 to $69.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Affirm has an average rating of "Moderate Buy" and a consensus target price of $65.05.

Affirm Trading Up 0.7%

Shares of Affirm stock traded up $0.33 during trading on Friday, reaching $49.30. The company's stock had a trading volume of 6,810,880 shares, compared to its average volume of 8,501,585. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68. Affirm Holdings, Inc. has a 52-week low of $22.25 and a 52-week high of $82.53. The firm's 50-day moving average is $46.74 and its two-hundred day moving average is $57.16. The company has a market cap of $15.90 billion, a price-to-earnings ratio of -75.85 and a beta of 3.66.

Affirm (NASDAQ:AFRM - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $782.98 million. During the same period in the previous year, the firm posted ($0.43) earnings per share. The firm's revenue for the quarter was up 35.9% on a year-over-year basis. On average, sell-side analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

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.