Affirm Holdings, Inc. $AFRM Stock Holdings Lowered by Bayforest Capital Ltd

Bayforest Capital Ltd trimmed its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 85.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,825 shares of the company’s stock after selling 10,437 shares during the quarter. Bayforest Capital Ltd’s holdings in Affirm were worth $133,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in AFRM. Royal Bank of Canada boosted its stake in shares of Affirm by 2.1% during the 1st quarter. Royal Bank of Canada now owns 193,601 shares of the company’s stock worth $8,748,000 after acquiring an additional 3,892 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Affirm by 90.7% during the first quarter. Empowered Funds LLC now owns 16,852 shares of the company’s stock valued at $762,000 after purchasing an additional 8,014 shares during the last quarter. Focus Partners Wealth acquired a new stake in Affirm during the 1st quarter worth about $243,000. Acadian Asset Management LLC raised its holdings in Affirm by 1,015.5% during the 1st quarter. Acadian Asset Management LLC now owns 42,868 shares of the company’s stock worth $1,932,000 after buying an additional 39,025 shares during the period. Finally, Strs Ohio purchased a new stake in Affirm during the first quarter valued at about $790,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

Insider Activity at Affirm

In other news, CFO Robert O’hare sold 36,401 shares of Affirm stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $80.00, for a total transaction of $2,912,080.00. Following the sale, the chief financial officer owned 1,368 shares of the company’s stock, valued at approximately $109,440. This trade represents a 96.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Max R. Levchin sold 666,666 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $80.62, for a total value of $53,746,612.92. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 711,256 shares of company stock valued at $57,231,923. Insiders own 11.01% of the company’s stock.

Affirm Stock Performance

AFRM opened at $72.61 on Thursday. The company has a quick ratio of 12.80, a current ratio of 12.80 and a debt-to-equity ratio of 2.40. The stock’s 50 day moving average price is $72.48 and its two-hundred day moving average price is $74.34. The firm has a market capitalization of $23.97 billion, a P/E ratio of 108.37, a price-to-earnings-growth ratio of 3.45 and a beta of 3.57. Affirm Holdings, Inc. has a 12-month low of $30.90 and a 12-month high of $100.00.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.12. The company had revenue of $933.34 million during the quarter, compared to analysts’ expectations of $881.83 million. Affirm had a return on equity of 7.75% and a net margin of 6.74%.Affirm’s revenue for the quarter was up 33.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.31) earnings per share. On average, equities analysts forecast that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

AFRM has been the topic of several analyst reports. Rothschild & Co Redburn raised shares of Affirm from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $74.00 to $101.00 in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Affirm in a research note on Monday, December 29th. Citigroup raised Affirm to a “strong-buy” rating in a research report on Thursday, October 23rd. Truist Financial reduced their price target on Affirm from $90.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, November 19th. Finally, Evercore ISI reissued an “outperform” rating on shares of Affirm in a research note on Tuesday, December 16th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, Affirm currently has a consensus rating of “Moderate Buy” and a consensus price target of $89.17.

Affirm Company Profile

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.