BIT Capital GmbH Has $1.08 Million Stake in Affirm Holdings, Inc. $AFRM

BIT Capital GmbH decreased its position in Affirm Holdings, Inc. (NASDAQ:AFRM) by 93.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,482 shares of the company’s stock after selling 222,853 shares during the quarter. BIT Capital GmbH’s holdings in Affirm were worth $1,078,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of AFRM. Assetmark Inc. raised its stake in shares of Affirm by 111.3% in the 3rd quarter. Assetmark Inc. now owns 338 shares of the company’s stock valued at $25,000 after purchasing an additional 178 shares during the period. Triumph Capital Management acquired a new stake in shares of Affirm in the 3rd quarter valued at about $31,000. CoreCap Advisors LLC raised its stake in shares of Affirm by 431.3% in the 4th quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock valued at $33,000 after purchasing an additional 358 shares during the period. Larson Financial Group LLC raised its stake in shares of Affirm by 74.5% in the 3rd quarter. Larson Financial Group LLC now owns 499 shares of the company’s stock valued at $36,000 after purchasing an additional 213 shares during the period. Finally, Bogart Wealth LLC raised its stake in shares of Affirm by 2,381.0% in the 4th quarter. Bogart Wealth LLC now owns 521 shares of the company’s stock valued at $39,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Trading Down 7.4%

Shares of NASDAQ:AFRM opened at $63.61 on Friday. Affirm Holdings, Inc. has a 12-month low of $42.10 and a 12-month high of $100.00. The stock has a market cap of $21.30 billion, a PE ratio of 57.83, a P/E/G ratio of 3.95 and a beta of 3.70. The business has a 50 day moving average of $60.91 and a 200-day moving average of $62.38. The company has a quick ratio of 11.32, a current ratio of 11.32 and a debt-to-equity ratio of 2.39.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.13. The company had revenue of $943.95 million during the quarter, compared to analysts’ expectations of $995.27 million. Affirm had a return on equity of 11.17% and a net margin of 9.63%.The business’s revenue was up 32.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.01 earnings per share. As a group, equities research analysts forecast that Affirm Holdings, Inc. will post 1.25 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AFRM. Robert W. Baird set a $70.00 price objective on Affirm in a report on Friday, May 8th. Morgan Stanley set a $79.00 price objective on Affirm and gave the company an “overweight” rating in a report on Sunday, May 10th. BMO Capital Markets began coverage on Affirm in a report on Tuesday, April 21st. They issued an “outperform” rating and a $75.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on Affirm from $79.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Finally, Zacks Research cut Affirm from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Affirm currently has an average rating of “Moderate Buy” and a consensus target price of $86.20.

Insider Activity

In related news, Director Noel Bertram Watson sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $65.00, for a total value of $130,000.00. Following the completion of the sale, the director directly owned 36,076 shares in the company, valued at approximately $2,344,940. The trade was a 5.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 11.01% of the company’s stock.

Affirm 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.