Affirm Holdings, Inc. $AFRM Holdings Trimmed by Abdiel Capital Advisors LP

Abdiel Capital Advisors LP trimmed its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 85.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 144,046 shares of the company’s stock after selling 815,536 shares during the period. Affirm accounts for 15.1% of Abdiel Capital Advisors LP’s investment portfolio, making the stock its 3rd biggest holding. Abdiel Capital Advisors LP’s holdings in Affirm were worth $10,721,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. grew its holdings in shares of Affirm by 111.3% during the 3rd quarter. Assetmark Inc. now owns 338 shares of the company’s stock valued at $25,000 after acquiring an additional 178 shares in the last quarter. Greenline Wealth Management LLC purchased a new position in shares of Affirm during the 4th quarter valued at $26,000. Triumph Capital Management purchased a new position in shares of Affirm during the 3rd quarter valued at $31,000. CoreCap Advisors LLC grew its holdings in shares of Affirm by 431.3% during the 4th quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock valued at $33,000 after acquiring an additional 358 shares in the last quarter. Finally, Larson Financial Group LLC grew its holdings in shares of Affirm by 74.5% during the 3rd quarter. Larson Financial Group LLC now owns 499 shares of the company’s stock valued at $36,000 after acquiring an additional 213 shares in the last quarter. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on AFRM. Bank of America boosted their price target on shares of Affirm from $82.00 to $88.00 and gave the company a “buy” rating in a report on Monday, May 11th. Needham & Company LLC boosted their price target on shares of Affirm from $85.00 to $90.00 and gave the company a “buy” rating in a report on Friday, May 8th. Cantor Fitzgerald boosted their price target on shares of Affirm from $61.00 to $80.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. The Goldman Sachs Group lowered shares of Affirm from a “buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Finally, Royal Bank Of Canada lifted their price objective on shares of 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 issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.20.

Affirm Stock Down 5.3%

Affirm stock opened at $70.73 on Thursday. The firm has a market cap of $23.69 billion, a price-to-earnings ratio of 64.30, a P/E/G ratio of 4.30 and a beta of 3.70. The company has a debt-to-equity ratio of 2.39, a current ratio of 11.32 and a quick ratio of 11.32. Affirm Holdings, Inc. has a fifty-two week low of $42.10 and a fifty-two week high of $100.00. The firm has a fifty day moving average price of $64.54 and a two-hundred day moving average price of $62.43.

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

Insider Activity at Affirm

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

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.