Affirm Holdings, Inc. $AFRM is Ogborne Capital Management LLC’s 9th Largest Position

Ogborne Capital Management LLC reduced its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 62.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,000 shares of the company’s stock after selling 250,000 shares during the period. Affirm accounts for about 3.5% of Ogborne Capital Management LLC’s investment portfolio, making the stock its 9th largest holding. Ogborne Capital Management LLC’s holdings in Affirm were worth $11,164,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assetmark Inc. raised its position in shares of Affirm by 111.3% in the 3rd quarter. Assetmark Inc. now owns 338 shares of the company’s stock worth $25,000 after purchasing an additional 178 shares during the last quarter. Greenline Wealth Management LLC purchased a new stake in Affirm during the 4th quarter valued at about $26,000. Triumph Capital Management bought a new stake in Affirm during the 3rd quarter valued at about $31,000. CoreCap Advisors LLC increased its stake in Affirm by 431.3% during the 4th quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock valued at $33,000 after purchasing an additional 358 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in Affirm by 74.5% during the 3rd quarter. Larson Financial Group LLC now owns 499 shares of the company’s stock valued at $36,000 after purchasing an additional 213 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Affirm

In other news, Director Noel Bertram Watson sold 2,000 shares of Affirm stock in a transaction dated Wednesday, May 13th. The stock was 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. The trade was a 5.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.01% of the stock is currently owned by insiders.

Affirm Trading Up 8.7%

Affirm stock opened at $71.90 on Tuesday. The business has a 50-day simple moving average of $63.53 and a two-hundred day simple moving average of $62.37. The company has a market cap of $24.08 billion, a P/E ratio of 65.36, a P/E/G ratio of 3.81 and a beta of 3.70. Affirm Holdings, Inc. has a 52-week low of $42.10 and a 52-week high of $100.00. 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 (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.13. The business had revenue of $943.95 million during the quarter, compared to the consensus estimate of $995.27 million. Affirm had a return on equity of 11.17% and a net margin of 9.63%.The business’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.01 EPS. Analysts predict that Affirm Holdings, Inc. will post 1.25 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Cantor Fitzgerald raised their price objective on shares of Affirm from $61.00 to $80.00 and gave the company an “overweight” rating in a research note on Tuesday, April 21st. Royal Bank Of Canada raised their price objective on shares of Affirm from $77.00 to $80.00 and gave the company a “sector perform” rating in a research note on Friday, May 8th. UBS Group raised 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. Zacks Research lowered shares of Affirm from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 29th. Finally, Citigroup restated a “buy” rating on shares of Affirm in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Affirm has an average rating of “Moderate Buy” and an average target price of $86.20.

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.