Landscape Capital Management L.L.C. Trims Holdings in Affirm Holdings, Inc. $AFRM

Landscape Capital Management L.L.C. decreased its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 11.9% in the 4th quarter, Holdings Channel reports. The firm owned 134,385 shares of the company’s stock after selling 18,066 shares during the period. Affirm accounts for about 0.7% of Landscape Capital Management L.L.C.’s investment portfolio, making the stock its 15th biggest holding. Landscape Capital Management L.L.C.’s holdings in Affirm were worth $10,002,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Clear Street Group Inc. increased its stake in Affirm by 42.4% in the 4th quarter. Clear Street Group Inc. now owns 63,478 shares of the company’s stock valued at $4,725,000 after buying an additional 18,908 shares during the period. Dockside LLC acquired a new position in Affirm in the 4th quarter valued at $1,866,000. Transamerica Financial Advisors LLC increased its stake in Affirm by 5,848.1% in the 4th quarter. Transamerica Financial Advisors LLC now owns 1,606 shares of the company’s stock valued at $120,000 after buying an additional 1,579 shares during the period. Maverick Capital Ltd. increased its stake in Affirm by 37.2% in the 4th quarter. Maverick Capital Ltd. now owns 66,024 shares of the company’s stock valued at $4,914,000 after buying an additional 17,914 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in Affirm by 3.3% in the 4th quarter. The Manufacturers Life Insurance Company now owns 14,121 shares of the company’s stock valued at $1,051,000 after buying an additional 455 shares during the period. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Analyst Ratings Changes

AFRM has been the topic of several recent research reports. Oppenheimer reissued an “outperform” rating and issued a $87.00 price objective on shares of Affirm in a research note on Friday, May 8th. Zacks Research cut shares of Affirm from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 29th. UBS Group boosted their price objective on shares of Affirm from $78.00 to $82.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Truist Financial boosted their price objective on shares of Affirm from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, Morgan Stanley set a $79.00 price objective on shares of Affirm and gave the company an “overweight” rating in a research note on Sunday, May 10th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, Affirm currently has an average rating of “Moderate Buy” and a consensus target price of $86.20.

Insider Buying and Selling at Affirm

In other news, Director Noel Bertram Watson sold 2,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $65.00, for a total transaction of $130,000.00. Following the transaction, the director directly owned 36,076 shares of the company’s stock, valued at $2,344,940. This represents a 5.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.01% of the stock is currently owned by company insiders.

Affirm Stock Performance

NASDAQ:AFRM opened at $66.17 on Friday. The company has a quick ratio of 11.32, a current ratio of 11.32 and a debt-to-equity ratio of 2.39. Affirm Holdings, Inc. has a fifty-two week low of $42.10 and a fifty-two week high of $100.00. The stock has a market cap of $22.16 billion, a PE ratio of 60.15, a price-to-earnings-growth ratio of 3.81 and a beta of 3.70. The firm’s fifty day simple moving average is $63.02 and its 200-day simple moving average is $62.38.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.13. Affirm had a net margin of 9.63% and a return on equity of 11.17%. The business had revenue of $943.95 million for the quarter, compared to analysts’ expectations of $995.27 million. During the same period in the prior year, the company posted $0.01 EPS. The business’s revenue for the quarter was up 32.7% on a year-over-year basis. Analysts expect that Affirm Holdings, Inc. will post 1.25 earnings per share 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.