Affirm Holdings, Inc. $AFRM is Dilation Capital Management LP’s 4th Largest Position

Dilation Capital Management LP increased its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 20.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 215,688 shares of the company’s stock after acquiring an additional 36,285 shares during the period. Affirm comprises about 7.4% of Dilation Capital Management LP’s holdings, making the stock its 4th largest holding. Dilation Capital Management LP’s holdings in Affirm were worth $16,054,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Federated Hermes Inc. purchased a new stake in Affirm in the 3rd quarter worth about $19,077,000. Resona Asset Management Co. Ltd. purchased a new stake in Affirm in the 3rd quarter worth about $6,036,000. Envestnet Asset Management Inc. lifted its stake in Affirm by 26.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 235,152 shares of the company’s stock worth $17,185,000 after acquiring an additional 48,734 shares in the last quarter. SBI Securities Co. Ltd. lifted its stake 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 acquiring an additional 22,054 shares in the last quarter. Finally, Public Sector Pension Investment Board purchased a new stake in Affirm in the 3rd quarter worth about $7,103,000. 69.29% of the stock is owned by hedge funds and other institutional investors.

Affirm Stock Performance

Shares of AFRM stock opened at $65.22 on Monday. 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 stock’s 50-day moving average is $56.18 and its two-hundred day moving average is $62.56. The firm has a market cap of $21.84 billion, a P/E ratio of 59.29, a PEG ratio of 3.88 and a beta of 3.72.

Affirm (NASDAQ:AFRM) last issued its earnings results on Thursday, May 7th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $995.27 million. During the same period in the prior year, the firm posted $0.01 EPS. The business’s revenue was up 32.7% compared to the same quarter last year. Analysts predict that Affirm Holdings, Inc. will post 1.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

AFRM has been the subject of several research analyst reports. Stephens increased their price objective on Affirm from $55.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Cantor Fitzgerald increased their price objective on Affirm from $61.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Compass Point reissued a “buy” rating and issued a $68.00 price objective on shares of Affirm in a research note on Wednesday, February 18th. Citizens Jmp reduced their price objective on Affirm from $105.00 to $85.00 and set a “market outperform” rating for the company in a research note on Friday, April 17th. Finally, Morgan Stanley set a $79.00 target price on Affirm and gave the stock an “overweight” rating in a research report on Sunday, May 10th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Affirm presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.00.

Insiders Place Their Bets

In other news, Director Noel Bertram Watson sold 2,000 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $65.00, for a total transaction of $130,000.00. Following 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.01% of the stock is currently owned by insiders.

About Affirm

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.