Globeflex Capital L P Acquires Shares of 73,405 Affirm Holdings, Inc. $AFRM

Globeflex Capital L P bought a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 73,405 shares of the company’s stock, valued at approximately $5,986,000.

Several other institutional investors and hedge funds have also modified their holdings of AFRM. Greenline Wealth Management LLC acquired a new position in shares of Affirm in the fourth quarter worth $26,000. Syntegra Private Wealth Group LLC acquired a new stake in Affirm during the first quarter valued at $28,000. Triumph Capital Management purchased a new position in Affirm in the third quarter valued at about $31,000. Strive Financial Group LLC purchased a new position in Affirm in the fourth quarter valued at about $33,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Affirm in the first quarter valued at about $34,000. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Affirm Stock Performance

Shares of NASDAQ AFRM opened at $77.03 on Monday. The company has a debt-to-equity ratio of 2.39, a quick ratio of 11.32 and a current ratio of 11.32. The firm has a market cap of $25.80 billion, a price-to-earnings ratio of 70.03, a P/E/G ratio of 3.15 and a beta of 3.71. The business’s 50-day simple moving average is $77.02 and its 200-day simple moving average is $64.02. Affirm Holdings, Inc. has a 52 week low of $42.10 and a 52 week high of $100.00.

Insiders Place Their Bets

In other Affirm news, COO Michael Linford sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $80.04, for a total transaction of $8,004,000.00. Following the completion of the sale, the chief operating officer owned 117,984 shares of the company’s stock, valued at $9,443,439.36. This represents a 45.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 11.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on AFRM shares. Deutsche Bank Aktiengesellschaft raised their price target on Affirm from $80.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. The Goldman Sachs Group increased their price objective on Affirm from $90.00 to $106.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Citigroup raised their price objective on shares of Affirm from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. UBS Group boosted their target price on shares of Affirm from $78.00 to $82.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. Finally, TD Cowen boosted their target price on shares of Affirm from $90.00 to $117.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $93.15.

About Affirm

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.