Gunderson Capital Management Inc. Has $745,000 Position in Affirm Holdings, Inc. $AFRM

Gunderson Capital Management Inc. lessened its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 72.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,006 shares of the company’s stock after selling 26,400 shares during the quarter. Gunderson Capital Management Inc.’s holdings in Affirm were worth $745,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Federated Hermes Inc. acquired a new stake in Affirm in the third quarter valued at $19,077,000. Resona Asset Management Co. Ltd. bought a new position in Affirm during the 3rd quarter worth $6,036,000. Gateway Investment Advisers LLC bought a new position in Affirm during the 3rd quarter worth $1,315,000. Envestnet Asset Management Inc. lifted its holdings in Affirm by 26.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 235,152 shares of the company’s stock worth $17,185,000 after buying an additional 48,734 shares during the period. Finally, Norges Bank bought a new stake in shares of Affirm in the 2nd quarter valued at about $183,475,000. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Affirm Stock Up 6.5%

Shares of Affirm stock opened at $45.82 on Wednesday. Affirm Holdings, Inc. has a one year low of $30.90 and a one year high of $100.00. The company has a debt-to-equity ratio of 2.58, a current ratio of 11.41 and a quick ratio of 11.41. The stock’s 50-day moving average is $52.95 and its 200 day moving average is $66.78. The firm has a market cap of $15.26 billion, a price-to-earnings ratio of 56.57, a PEG ratio of 1.59 and a beta of 3.61.

Affirm (NASDAQ:AFRM) last issued 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. Affirm had a return on equity of 8.83% and a net margin of 7.60%.The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the company posted $0.23 earnings per share. The firm’s revenue for the quarter was up 29.6% on a year-over-year basis. Equities research analysts anticipate that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AFRM shares. Morgan Stanley reissued an “overweight” rating on shares of Affirm in a research note on Wednesday, March 4th. Robert W. Baird started coverage on Affirm in a report on Thursday, February 19th. They issued a “neutral” rating and a $55.00 target price on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Affirm in a research report on Friday. Wolfe Research began coverage on shares of Affirm in a report on Tuesday, December 9th. They set a “peer perform” rating for the company. Finally, Wall Street Zen downgraded shares of Affirm from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Nineteen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $85.00.

Insider Activity at Affirm

In related news, CEO Max R. Levchin sold 666,666 shares of the stock in a transaction 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Robert O’hare sold 36,401 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $80.00, for a total transaction of $2,912,080.00. Following the completion of the sale, the chief financial officer owned 1,368 shares of the company’s stock, valued at $109,440. The trade was a 96.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 11.01% of the company’s stock.

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.