Gunderson Capital Management Inc. Buys Shares of 36,406 Affirm Holdings, Inc. $AFRM

Gunderson Capital Management Inc. purchased a new position in Affirm Holdings, Inc. (NASDAQ:AFRM) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 36,406 shares of the company’s stock, valued at approximately $2,661,000.

Several other institutional investors have also modified their holdings of AFRM. Huntington National Bank grew its position in shares of Affirm by 634.0% in the 2nd quarter. Huntington National Bank now owns 389 shares of the company’s stock valued at $27,000 after purchasing an additional 336 shares during the period. Mather Group LLC. bought a new stake in Affirm during the 3rd quarter worth approximately $29,000. SouthState Corp raised its holdings in Affirm by 190.5% during the 2nd quarter. SouthState Corp now owns 427 shares of the company’s stock worth $30,000 after buying an additional 280 shares during the period. Blume Capital Management Inc. lifted its stake in Affirm by 468.8% in the second quarter. Blume Capital Management Inc. now owns 455 shares of the company’s stock valued at $31,000 after buying an additional 375 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in Affirm by 86.6% in the second quarter. UMB Bank n.a. now owns 569 shares of the company’s stock valued at $39,000 after buying an additional 264 shares in the last quarter. Institutional investors own 69.29% of the company’s stock.

Insider Buying and Selling at Affirm

In related news, CFO Robert O’hare sold 8,189 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $70.00, for a total transaction of $573,230.00. Following the transaction, the chief financial officer directly owned 1,368 shares in the company, valued at approximately $95,760. The trade was a 85.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 11.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Affirm from a “buy” rating to a “hold” rating in a research report on Saturday. Morgan Stanley lowered their target price on Affirm from $90.00 to $83.00 and set an “equal weight” rating for the company in a report on Friday, November 7th. Weiss Ratings reissued a “hold (c-)” rating on shares of Affirm in a research note on Monday, December 29th. Wells Fargo & Company assumed coverage on Affirm in a report on Tuesday, October 21st. They issued an “overweight” rating and a $89.00 price target on the stock. Finally, Rothschild & Co Redburn upgraded Affirm from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $74.00 to $101.00 in a report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $86.57.

Affirm Price Performance

NASDAQ:AFRM opened at $82.35 on Wednesday. Affirm Holdings, Inc. has a 52-week low of $30.90 and a 52-week high of $100.00. The company has a market cap of $27.18 billion, a P/E ratio of 122.91, a P/E/G ratio of 3.67 and a beta of 3.57. The company has a debt-to-equity ratio of 2.40, a quick ratio of 12.80 and a current ratio of 12.80. The stock’s 50-day simple moving average is $71.62 and its 200 day simple moving average is $73.86.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.12. The firm had revenue of $933.34 million during the quarter, compared to the consensus estimate of $881.83 million. Affirm had a return on equity of 7.75% and a net margin of 6.74%.The business’s revenue was up 33.6% compared to the same quarter last year. During the same period last year, the company earned ($0.31) earnings per share. As a group, sell-side analysts forecast that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Affirm Profile

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.