Interval Partners LP acquired a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,000 shares of the company’s stock, valued at approximately $745,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Affirm by 6.8% during the first quarter. Vanguard Group Inc. now owns 20,823,803 shares of the company’s stock worth $775,895,000 after buying an additional 1,316,901 shares in the last quarter. Capital World Investors grew its position in Affirm by 0.4% during the first quarter. Capital World Investors now owns 19,079,071 shares of the company’s stock valued at $710,886,000 after acquiring an additional 77,050 shares during the last quarter. Baillie Gifford & Co. boosted its holdings in Affirm by 4.2% during the 1st quarter. Baillie Gifford & Co. now owns 18,732,407 shares of the company’s stock valued at $697,969,000 after acquiring an additional 749,368 shares during the period. Dimensional Fund Advisors LP grew its holdings in Affirm by 6.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,622,592 shares of the company’s stock worth $128,895,000 after acquiring an additional 153,675 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Affirm by 5.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,370,508 shares of the company’s stock valued at $67,347,000 after buying an additional 72,178 shares during the period. 69.29% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts recently weighed in on the company. JPMorgan Chase & Co. upgraded Affirm from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $41.00 to $43.00 in a research note on Thursday, May 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of Affirm in a report on Thursday, May 9th. BMO Capital Markets decreased 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 note on Friday, May 10th. Mizuho reissued a “buy” rating and issued a $65.00 price objective on shares of Affirm in a research report on Thursday, June 20th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $42.00 price target on shares of Affirm in a report on Monday, June 24th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Affirm presently has an average rating of “Hold” and an average price target of $32.85.
Affirm Price Performance
Shares of Affirm stock traded up $1.55 on Wednesday, reaching $29.01. The stock had a trading volume of 3,423,364 shares, compared to its average volume of 8,236,099. The company has a debt-to-equity ratio of 2.43, a current ratio of 12.94 and a quick ratio of 12.94. The business’s 50-day moving average price is $30.10 and its two-hundred day moving average price is $34.38. Affirm Holdings, Inc. has a fifty-two week low of $13.67 and a fifty-two week high of $52.48.
Affirm (NASDAQ:AFRM – Get Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.43) EPS for the quarter, beating analysts’ consensus estimates of ($0.70) by $0.27. Affirm had a negative net margin of 32.17% and a negative return on equity of 22.06%. The firm had revenue of $576.00 million for the quarter, compared to analyst estimates of $549.99 million. During the same period in the previous year, the business earned ($0.69) earnings per share. The company’s revenue for the quarter was up 51.2% compared to the same quarter last year. Sell-side analysts forecast that Affirm Holdings, Inc. will post -1.98 earnings per share for the current year.
Insider Buying and Selling
In other Affirm news, Director Keith Rabois sold 9,276 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $29.89, for a total value of $277,259.64. Following the sale, the director now owns 73,623 shares in the company, valued at $2,200,591.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 13.05% of the stock is owned by corporate insiders.
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.
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