Yeomans Consulting Group Inc. Purchases New Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Yeomans Consulting Group Inc. purchased a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 11,020 shares of the company’s stock, valued at approximately $542,000.

Several other large investors have also recently added to or reduced their stakes in AFRM. Norges Bank purchased a new position in Affirm in the 4th quarter valued at about $67,310,000. Vanguard Group Inc. boosted its position in Affirm by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 19,506,902 shares of the company’s stock valued at $958,569,000 after buying an additional 769,843 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Affirm during the fourth quarter worth about $16,927,000. Coatue Management LLC bought a new position in shares of Affirm during the fourth quarter worth about $14,993,000. Finally, Berkshire Capital Holdings Inc. bought a new position in shares of Affirm during the fourth quarter worth about $11,030,000. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Affirm news, Director Keith Rabois sold 9,276 shares of Affirm stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $32.12, for a total value of $297,945.12. Following the transaction, the director now owns 60,000 shares in the company, valued at $1,927,200. The transaction was disclosed in a document filed with the SEC, which is available at this link. 13.05% of the stock is currently owned by company insiders.

Affirm Stock Performance

Shares of NASDAQ:AFRM traded up $0.18 during trading hours on Monday, hitting $31.08. The stock had a trading volume of 7,388,362 shares, compared to its average volume of 8,711,991. Affirm Holdings, Inc. has a 1-year low of $12.81 and a 1-year high of $52.48. The company has a debt-to-equity ratio of 2.43, a quick ratio of 12.94 and a current ratio of 12.94. The firm has a market capitalization of $9.61 billion, a price-to-earnings ratio of -13.87 and a beta of 3.47. The stock’s fifty day simple moving average is $32.06 and its 200 day simple moving average is $37.58.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Wednesday, May 8th. The company reported ($0.43) EPS for the quarter, beating analysts’ consensus estimates of ($0.70) by $0.27. The business had revenue of $576.00 million for the quarter, compared to analyst estimates of $549.99 million. Affirm had a negative net margin of 32.17% and a negative return on equity of 22.06%. The business’s revenue for the quarter was up 51.2% on a year-over-year basis. During the same quarter last year, the business earned ($0.69) earnings per share. Sell-side analysts anticipate that Affirm Holdings, Inc. will post -1.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AFRM shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Affirm in a research report on Thursday, May 9th. BMO Capital Markets reduced their price target on shares of Affirm from $48.00 to $46.00 and set a “market perform” rating on the stock in a research report on Friday, May 10th. JPMorgan Chase & Co. raised shares of Affirm from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $41.00 to $43.00 in a research report on Thursday, May 9th. Barclays reduced their price target on shares of Affirm from $50.00 to $41.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 16th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $43.00 price target on shares of Affirm in a research report on Friday, May 24th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Affirm has a consensus rating of “Hold” and an average price target of $29.09.

About Affirm

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.