Occudo Quantitative Strategies LP Acquires New Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Occudo Quantitative Strategies LP purchased a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 10,184 shares of the company's stock, valued at approximately $620,000.

Other institutional investors have also added to or reduced their stakes in the company. SeaCrest Wealth Management LLC bought a new stake in Affirm in the fourth quarter worth $387,000. Mount Vernon Associates Inc. MD raised its position in shares of Affirm by 45.0% during the 4th 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 in the last quarter. Omega Financial Group LLC lifted its holdings in shares of Affirm by 5.0% in the 4th quarter. Omega Financial Group LLC now owns 103,027 shares of the company's stock valued at $6,274,000 after acquiring an additional 4,871 shares during the last quarter. Hanseatic Management Services Inc. lifted its holdings in shares of Affirm by 12.1% in the 4th quarter. Hanseatic Management Services Inc. now owns 1,797 shares of the company's stock valued at $109,000 after acquiring an additional 194 shares during the last quarter. Finally, Kera Capital Partners Inc. purchased a new position in Affirm in the fourth quarter worth about $647,000. Hedge funds and other institutional investors own 69.29% of the company's stock.

Insiders Place Their Bets

In other news, Director Keith Rabois sold 16,088 shares of Affirm stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $45.41, for a total value of $730,556.08. Following the transaction, the director now owns 45,432 shares of the company's stock, valued at $2,063,067.12. The trade was a 26.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Noel Bertram Watson sold 2,500 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $45.78, for a total transaction of $114,450.00. Following the transaction, the director now owns 38,997 shares of the company's stock, valued at approximately $1,785,282.66. This trade represents a 6.02% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,765 shares of company stock worth $2,694,694. 12.41% of the stock is owned by corporate insiders.

Affirm Stock Up 1.6%

NASDAQ:AFRM traded up $0.82 during trading hours on Friday, reaching $52.57. The company's stock had a trading volume of 5,983,725 shares, compared to its average volume of 8,527,213. 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 company has a market capitalization of $16.72 billion, a P/E ratio of -80.88 and a beta of 3.66. The stock has a 50 day moving average price of $46.66 and a two-hundred day moving average price of $57.09. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $82.53.

Affirm (NASDAQ:AFRM - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.01 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $783.14 million during the quarter, compared to analyst estimates of $782.98 million. During the same period in the previous year, the company posted ($0.43) EPS. The business's revenue for the quarter was up 35.9% compared to the same quarter last year. Equities analysts predict that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AFRM has been the topic of a number of recent research reports. TD Cowen initiated coverage on Affirm in a research report on Tuesday, April 8th. They set a "buy" rating and a $50.00 price objective on the stock. Seaport Res Ptn raised shares of Affirm to a "hold" rating in a research note on Monday, March 24th. The Goldman Sachs Group boosted their price objective 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. Wells Fargo & Company lowered their target price on shares of Affirm from $85.00 to $67.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Finally, 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 report on Friday, May 9th. Seven research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.