Interval Partners LP Takes $745,000 Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Interval Partners LP acquired a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) 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) 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.