Moore Capital Management LP Acquires New Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Moore Capital Management LP acquired a new position in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 297,659 shares of the company's stock, valued at approximately $18,127,000. Moore Capital Management LP owned about 0.09% of Affirm as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of AFRM. Diversified Trust Co acquired a new position in shares of Affirm during the fourth quarter worth $225,000. SeaCrest Wealth Management LLC purchased a new stake in Affirm in the fourth quarter valued at about $387,000. Mount Vernon Associates Inc. MD raised its stake in Affirm by 45.0% in the fourth quarter. Mount Vernon Associates Inc. MD now owns 11,600 shares of the company's stock valued at $706,000 after buying an additional 3,600 shares during the last quarter. Omega Financial Group LLC boosted its holdings in Affirm by 5.0% in the fourth quarter. Omega Financial Group LLC now owns 103,027 shares of the company's stock worth $6,274,000 after acquiring an additional 4,871 shares in the last quarter. Finally, Hanseatic Management Services Inc. grew its stake in shares of Affirm by 12.1% during the fourth quarter. Hanseatic Management Services Inc. now owns 1,797 shares of the company's stock worth $109,000 after acquiring an additional 194 shares during the last quarter. Institutional investors own 69.29% of the company's stock.

Affirm Price Performance

Shares of Affirm stock traded down $4.80 on Thursday, hitting $51.75. The company's stock had a trading volume of 9,615,559 shares, compared to its average volume of 8,545,062. The company 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 quick ratio of 11.26 and a current ratio of 11.26. The firm has a fifty day moving average price of $46.44 and a 200-day moving average price of $56.88.

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, beating analysts' consensus estimates of ($0.09) by $0.10. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. The business had revenue of $783.14 million during the quarter, compared to analysts' expectations of $782.98 million. During the same period in the previous year, the business earned ($0.43) earnings per share. The business's revenue was up 35.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Insider Activity

In other Affirm news, Director Keith Rabois sold 16,088 shares of the stock in a transaction that occurred 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 transaction, the director now owns 61,520 shares of the company's stock, valued at $3,935,434.40. This represents a 20.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christa S. Quarles sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $80.00, for a total value of $400,000.00. Following the completion of the transaction, the director now owns 137,325 shares in the company, valued at approximately $10,986,000. This trade represents a 3.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,765 shares of company stock worth $3,094,694 over the last 90 days. 12.41% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

AFRM has been the topic of a number of research analyst reports. Susquehanna raised shares of Affirm from a "neutral" rating to a "positive" rating and set a $65.00 price objective on the stock in a report on Friday, May 9th. Barclays lifted their target price on Affirm from $45.00 to $53.00 and gave the stock an "overweight" rating in a report on Monday. Bank of America increased their price target on shares of Affirm from $76.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Royal Bank of Canada lifted their price objective on shares of Affirm from $67.00 to $81.00 and gave the company a "sector perform" rating in a research note on Friday, February 7th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $69.00 price objective on shares of Affirm in a report on Thursday, March 20th. Seven analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $65.05.

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.