Dimensional Fund Advisors LP Boosts Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Dimensional Fund Advisors LP grew its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 6.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,622,592 shares of the company's stock after acquiring an additional 153,675 shares during the quarter. Dimensional Fund Advisors LP owned 0.87% of Affirm worth $128,895,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Planned Solutions Inc. acquired a new position in shares of Affirm in the fourth quarter valued at approximately $25,000. Creative Financial Designs Inc. ADV increased its stake in shares of Affirm by 82.2% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 665 shares of the company's stock valued at $33,000 after buying an additional 300 shares during the period. Principal Securities Inc. acquired a new position in shares of Affirm in the fourth quarter valued at approximately $49,000. Lindbrook Capital LLC increased its stake in shares of Affirm by 117.9% in the fourth quarter. Lindbrook Capital LLC now owns 1,386 shares of the company's stock valued at $68,000 after buying an additional 750 shares during the period. Finally, Whittier Trust Co. increased its stake in shares of Affirm by 9,900.0% in the fourth quarter. Whittier Trust Co. now owns 1,500 shares of the company's stock valued at $74,000 after buying an additional 1,485 shares during the period. Institutional investors and hedge funds own 69.29% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on AFRM shares. Barclays lowered their price objective on Affirm from $50.00 to $41.00 and set an "overweight" rating for the company in a research note on Tuesday, April 16th. Needham & Company LLC reiterated a "hold" rating on shares of Affirm in a report on Thursday, May 9th. The Goldman Sachs Group upped their target price on Affirm from $18.00 to $20.00 and gave the company a "neutral" rating in a report on Friday, February 9th. Deutsche Bank Aktiengesellschaft upped their target price on Affirm from $24.00 to $35.00 and gave the company a "hold" rating in a report on Friday, February 9th. Finally, BMO Capital Markets reduced their target price on Affirm from $48.00 to $46.00 and set a "market perform" rating on the stock in a report on Friday, May 10th. Six equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $27.53.

Insider Buying and Selling

In related news, Director Keith Rabois sold 9,276 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $32.12, for a total value of $297,945.12. Following the completion of the sale, the director now directly owns 60,000 shares of the company's stock, valued at approximately $1,927,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 13.05% of the stock is owned by company insiders.

Affirm Stock Up 8.0 %

Shares of AFRM traded up $2.51 during trading hours on Friday, reaching $33.83. The stock had a trading volume of 11,932,947 shares, compared to its average volume of 6,975,222. Affirm Holdings, Inc. has a 12 month low of $12.81 and a 12 month high of $52.48. The firm has a 50-day simple moving average of $33.95 and a 200 day simple moving average of $36.81. The company has a current ratio of 12.94, a quick ratio of 12.94 and a debt-to-equity ratio of 2.43. The company has a market capitalization of $10.46 billion, a price-to-earnings ratio of -15.17 and a beta of 3.56.

Affirm (NASDAQ:AFRM - Get Free Report) last issued its earnings results on Wednesday, May 8th. The company reported ($0.43) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.70) by $0.27. Affirm had a negative return on equity of 22.06% and a negative net margin of 32.17%. The company had revenue of $576.00 million for the quarter, compared to analysts' expectations of $549.99 million. During the same period last year, the business earned ($0.69) EPS. Affirm's quarterly revenue was up 51.2% compared to the same quarter last year. Equities research analysts predict that Affirm Holdings, Inc. will post -1.98 earnings per share for the current fiscal 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.