Leigh Baldwin & CO. LLC Invests $1.28 Million in Affirm Holdings, Inc. (NASDAQ:AFRM)

Leigh Baldwin & CO. LLC bought a new position in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 210,166 shares of the company's stock, valued at approximately $1,280,000. Leigh Baldwin & CO. LLC owned about 0.07% of Affirm at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Durable Capital Partners LP boosted 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 acquiring an additional 2,888,827 shares in the last quarter. Norges Bank purchased a new stake in Affirm in the fourth quarter worth approximately $139,949,000. Capital International Investors bought a new stake in shares of Affirm in the fourth quarter worth $100,030,000. Foxhaven Asset Management LP purchased a new stake in shares of Affirm during the 4th quarter valued at about $80,917,000. Finally, Gilder Gagnon Howe & Co. LLC raised its position in Affirm by 1,801.2% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 767,677 shares of the company's stock worth $46,752,000 after acquiring an additional 727,298 shares during the period. 69.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. William Blair initiated coverage on shares of Affirm in a report on Wednesday, January 15th. They issued an "outperform" rating for the company. Barclays lifted their price target on shares of Affirm from $45.00 to $53.00 and gave the stock an "overweight" rating in a research note on Monday. Needham & Company LLC reissued a "hold" rating on shares of Affirm in a research note on Friday, February 7th. Wells Fargo & Company reduced their price objective on Affirm from $85.00 to $67.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Affirm from $74.00 to $69.00 and set an "overweight" rating on the stock in a report on Friday, May 9th. Seven research 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 stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $65.05.

Affirm Stock Performance

Affirm stock traded down $4.80 during trading hours on Thursday, hitting $51.75. 9,615,559 shares of the stock traded hands, compared to its average volume of 8,545,062. The firm's 50 day moving average price is $46.44 and its 200-day moving average price is $56.88. The stock has a market capitalization of $16.46 billion, a price-to-earnings ratio of -79.62 and a beta of 3.66. Affirm Holdings, Inc. has a 1 year low of $22.25 and a 1 year high of $82.53. The company has a debt-to-equity ratio of 2.68, a current ratio of 11.26 and a quick ratio of 11.26.

Affirm (NASDAQ:AFRM - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.01 EPS for the quarter, beating 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 company had revenue of $783.14 million for the quarter, compared to analyst estimates of $782.98 million. During the same period in the prior year, the company earned ($0.43) earnings per share. The firm's revenue was up 35.9% on a year-over-year basis. As a group, equities analysts expect that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Insider Buying and Selling at Affirm

In related news, Director Keith Rabois sold 16,088 shares of Affirm stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $63.97, for a total value of $1,029,149.36. Following the sale, the director now directly owns 61,520 shares in the company, valued at approximately $3,935,434.40. The trade was a 20.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Noel Bertram Watson sold 2,500 shares of the stock in a transaction dated 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 trade represents a 6.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 55,765 shares of company stock valued at $3,094,694. Corporate insiders own 12.41% of the company's stock.

Affirm Company Profile

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.