Holocene Advisors LP Acquires 642,538 Shares of Affirm Holdings, Inc. $AFRM

Holocene Advisors LP increased its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 71.2% during the third quarter, HoldingsChannel reports. The fund owned 1,545,605 shares of the company’s stock after acquiring an additional 642,538 shares during the quarter. Holocene Advisors LP’s holdings in Affirm were worth $112,953,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Assetmark Inc. increased its holdings in Affirm by 111.3% during the 3rd quarter. Assetmark Inc. now owns 338 shares of the company’s stock worth $25,000 after purchasing an additional 178 shares in the last quarter. Mather Group LLC. bought a new position in shares of Affirm in the third quarter valued at approximately $29,000. Quent Capital LLC bought a new position in shares of Affirm in the third quarter valued at approximately $43,000. Allworth Financial LP boosted its position in shares of Affirm by 41.9% during the second quarter. Allworth Financial LP now owns 799 shares of the company’s stock valued at $55,000 after buying an additional 236 shares during the last quarter. Finally, CI Investments Inc. grew its holdings in Affirm by 131.1% during the third quarter. CI Investments Inc. now owns 929 shares of the company’s stock worth $68,000 after buying an additional 527 shares in the last quarter. Institutional investors own 69.29% of the company’s stock.

Affirm Stock Up 1.1%

Shares of NASDAQ:AFRM opened at $46.88 on Monday. Affirm Holdings, Inc. has a 1 year low of $30.90 and a 1 year high of $100.00. The company has a market capitalization of $15.62 billion, a PE ratio of 57.88, a price-to-earnings-growth ratio of 1.72 and a beta of 3.61. The business has a fifty day moving average price of $60.71 and a two-hundred day moving average price of $70.20. The company has a debt-to-equity ratio of 2.58, a current ratio of 11.41 and a quick ratio of 11.41.

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

Insider Transactions at Affirm

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

Analysts Set New Price Targets

A number of research firms recently commented on AFRM. Robert W. Baird assumed coverage on Affirm in a research report on Thursday, February 19th. They issued a “neutral” rating and a $55.00 price target for the company. BTIG Research reiterated a “neutral” rating on shares of Affirm in a research note on Thursday, February 26th. Citigroup reiterated a “market outperform” rating on shares of Affirm in a report on Tuesday, February 24th. UBS Group set a $78.00 price target on shares of Affirm in a research report on Friday, February 6th. Finally, Wolfe Research began coverage on shares of Affirm in a report on Tuesday, December 9th. They set a “peer perform” rating on the stock. Twenty investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Affirm presently has a consensus rating of “Moderate Buy” and an average price target of $84.36.

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.