Affirm Holdings, Inc. $AFRM Position Cut by Ashford Capital Management Inc.

Ashford Capital Management Inc. trimmed its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 71.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,775 shares of the company’s stock after selling 16,828 shares during the quarter. Ashford Capital Management Inc.’s holdings in Affirm were worth $504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. grew its holdings in Affirm by 83.4% in the 4th quarter. SBI Securities Co. Ltd. now owns 48,504 shares of the company’s stock worth $3,610,000 after buying an additional 22,054 shares in the last quarter. Public Sector Pension Investment Board bought a new position in Affirm in the 3rd quarter worth approximately $7,103,000. Vanguard Group Inc. boosted its stake in Affirm by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 24,419,068 shares of the company’s stock valued at $1,784,545,000 after purchasing an additional 223,258 shares in the last quarter. Jefferies Financial Group Inc. boosted its stake in Affirm by 1,161.2% during the 3rd quarter. Jefferies Financial Group Inc. now owns 171,269 shares of the company’s stock valued at $12,516,000 after purchasing an additional 157,689 shares in the last quarter. Finally, Capelight Capital Asset Management LP bought a new position in Affirm during the 4th quarter valued at $4,912,000. 69.29% of the stock is owned by institutional investors.

Insider Activity at Affirm

In other news, Director Noel Bertram Watson sold 2,000 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $65.00, for a total transaction of $130,000.00. Following the completion of the sale, the director owned 36,076 shares in the company, valued at approximately $2,344,940. This represents a 5.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 11.01% of the company’s stock.

Analyst Ratings Changes

AFRM has been the subject of a number of research reports. Morgan Stanley set a $79.00 price target on Affirm and gave the company an “overweight” rating in a research note on Sunday, May 10th. Truist Financial increased their price target on Affirm from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Zacks Research lowered Affirm from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 29th. Bank of America increased their price target on Affirm from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Finally, Royal Bank Of Canada increased their price target on Affirm from $77.00 to $80.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, Affirm currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.20.

Affirm Price Performance

Shares of NASDAQ:AFRM opened at $74.69 on Wednesday. Affirm Holdings, Inc. has a one year low of $42.10 and a one year high of $100.00. The stock has a fifty day moving average of $64.10 and a 200-day moving average of $62.41. The company has a market capitalization of $25.01 billion, a PE ratio of 67.90, a price-to-earnings-growth ratio of 4.14 and a beta of 3.70. The company has a debt-to-equity ratio of 2.39, a quick ratio of 11.32 and a current ratio of 11.32.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.13. Affirm had a return on equity of 11.17% and a net margin of 9.63%.The company had revenue of $943.95 million during the quarter, compared to the consensus estimate of $995.27 million. During the same quarter in the prior year, the firm earned $0.01 EPS. The company’s quarterly revenue was up 32.7% compared to the same quarter last year. As a group, equities analysts anticipate that Affirm Holdings, Inc. will post 1.25 EPS for the current fiscal year.

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.