Symmetry Investments LP Takes $201,000 Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Symmetry Investments LP acquired a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,087 shares of the company’s stock, valued at approximately $201,000.

A number of other large investors have also added to or reduced their stakes in the business. Planned Solutions Inc. bought a new stake in shares of Affirm in the 4th quarter valued at about $25,000. Creative Financial Designs Inc. ADV boosted its holdings in Affirm by 82.2% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 665 shares of the company’s stock valued at $33,000 after acquiring an additional 300 shares during the last quarter. Principal Securities Inc. bought a new stake in Affirm in the fourth quarter valued at approximately $49,000. Lindbrook Capital LLC increased its position in Affirm by 117.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,386 shares of the company’s stock valued at $68,000 after purchasing an additional 750 shares during the period. Finally, Whittier Trust Co. raised its holdings in Affirm by 9,900.0% during the 4th quarter. Whittier Trust Co. now owns 1,500 shares of the company’s stock worth $74,000 after purchasing an additional 1,485 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.

Insider Activity at Affirm

In other Affirm news, Director Keith Rabois sold 9,276 shares of Affirm stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $32.12, for a total transaction of $297,945.12. Following the transaction, the director now directly owns 60,000 shares of the company’s stock, valued at approximately $1,927,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.05% of the stock is currently owned by insiders.

Affirm Stock Up 3.3 %

Shares of AFRM traded up $1.01 on Tuesday, reaching $31.45. The company’s stock had a trading volume of 5,153,193 shares, compared to its average volume of 8,450,968. Affirm Holdings, Inc. has a twelve month low of $12.81 and a twelve month high of $52.48. The company has a current ratio of 12.94, a quick ratio of 12.94 and a debt-to-equity ratio of 2.43. The firm has a fifty day moving average of $32.04 and a 200-day moving average of $37.53.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.43) EPS for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.27. Affirm had a negative return on equity of 22.06% and a negative net margin of 32.17%. The firm had revenue of $576.00 million during the quarter, compared to analyst estimates of $549.99 million. During the same period in the previous year, the company posted ($0.69) EPS. The company’s revenue for the quarter was up 51.2% on a year-over-year basis. As a group, research analysts expect that Affirm Holdings, Inc. will post -1.98 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on AFRM shares. BTIG Research started coverage on Affirm in a report on Friday. They set a “neutral” rating for the company. JPMorgan Chase & Co. upgraded Affirm from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $41.00 to $43.00 in a report on Thursday, May 9th. Royal Bank of Canada reissued a “sector perform” rating and issued a $43.00 price target on shares of Affirm in a research note on Friday, May 24th. Barclays reduced their price objective on shares of Affirm from $50.00 to $41.00 and set an “overweight” rating for the company in a research report on Tuesday, April 16th. Finally, BMO Capital Markets lowered their price objective on shares of Affirm from $48.00 to $46.00 and set a “market perform” rating for the company in a research note on Friday, May 10th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $27.53.

Affirm Profile

Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States, Canada, and internationally. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time with terms ranging up to 60 months.