Capital Impact Advisors LLC Purchases New Position in Affirm Holdings, Inc. $AFRM

Capital Impact Advisors LLC purchased a new position in Affirm Holdings, Inc. (NASDAQ:AFRM) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 162,425 shares of the company’s stock, valued at approximately $11,870,000. Affirm accounts for about 2.7% of Capital Impact Advisors LLC’s investment portfolio, making the stock its 18th biggest holding.

A number of other hedge funds also recently bought and sold shares of AFRM. Royal Bank of Canada increased its position in shares of Affirm by 2.1% in the first quarter. Royal Bank of Canada now owns 193,601 shares of the company’s stock valued at $8,748,000 after buying an additional 3,892 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Affirm by 90.7% during the 1st quarter. Empowered Funds LLC now owns 16,852 shares of the company’s stock worth $762,000 after buying an additional 8,014 shares during the period. Focus Partners Wealth purchased a new position in shares of Affirm during the 1st quarter valued at approximately $243,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Affirm during the 2nd quarter valued at approximately $608,000. Finally, Allworth Financial LP grew its stake in Affirm by 41.9% in the 2nd quarter. Allworth Financial LP now owns 799 shares of the company’s stock valued at $55,000 after acquiring an additional 236 shares during the period. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Affirm Stock Up 1.1%

Shares of NASDAQ AFRM opened at $46.88 on Friday. The stock has a market cap of $15.62 billion, a PE ratio of 57.88, a P/E/G ratio of 1.72 and a beta of 3.61. The company has a current ratio of 11.41, a quick ratio of 11.41 and a debt-to-equity ratio of 2.58. Affirm Holdings, Inc. has a 12-month low of $30.90 and a 12-month high of $100.00. The company has a 50-day moving average of $60.71 and a 200 day moving average of $70.26.

Affirm (NASDAQ:AFRM) last released its earnings results on Thursday, February 5th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.09. The business had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.06 billion. Affirm had a net margin of 7.60% and a return on equity of 8.83%. The business’s revenue was up 29.6% on a year-over-year basis. During the same period last year, the company posted $0.23 EPS. As a group, sell-side analysts predict that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Insider Buying and Selling

In other Affirm news, CFO Robert O’hare sold 36,401 shares of the company’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $80.00, for a total value of $2,912,080.00. Following the completion of the sale, the chief financial officer directly owned 1,368 shares in the company, valued at $109,440. This represents a 96.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Max R. Levchin sold 666,666 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $80.62, for a total value of $53,746,612.92. The disclosure for this sale is available in the SEC filing. Company insiders own 11.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AFRM. TD Cowen reaffirmed a “buy” rating on shares of Affirm in a report on Friday, February 6th. JPMorgan Chase & Co. reduced their target price on Affirm from $94.00 to $79.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Bank of America assumed coverage on Affirm in a research report on Thursday, March 5th. They issued a “buy” rating and a $82.00 target price on the stock. Royal Bank Of Canada lowered their price target on Affirm from $87.00 to $77.00 and set a “sector perform” rating on the stock in a research note on Friday, February 6th. Finally, Oppenheimer dropped their price target on Affirm from $95.00 to $83.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Twenty investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Affirm presently has an average rating of “Moderate Buy” and a consensus target price of $84.36.

Affirm Company 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.