OP Asset Management Ltd Acquires New Holdings in Affirm Holdings, Inc. $AFRM

OP Asset Management Ltd bought a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 28,679 shares of the company’s stock, valued at approximately $1,314,000.

Several other large investors also recently made changes to their positions in AFRM. SBI Securities Co. Ltd. increased its holdings in shares of Affirm by 83.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 48,504 shares of the company’s stock valued at $3,610,000 after purchasing an additional 22,054 shares during the period. Jefferies Financial Group Inc. lifted its holdings in Affirm by 1,161.2% in the third quarter. Jefferies Financial Group Inc. now owns 171,269 shares of the company’s stock worth $12,516,000 after purchasing an additional 157,689 shares during the period. Capelight Capital Asset Management LP bought a new position in Affirm in the 4th quarter valued at about $4,912,000. Geode Capital Management LLC grew its position in Affirm by 6.4% in the 4th quarter. Geode Capital Management LLC now owns 5,501,387 shares of the company’s stock valued at $408,433,000 after buying an additional 329,312 shares in the last quarter. Finally, Swiss National Bank raised its position in shares of Affirm by 60.7% during the 3rd quarter. Swiss National Bank now owns 771,800 shares of the company’s stock worth $56,403,000 after buying an additional 291,500 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Robert W. Baird set a $70.00 price target on shares of Affirm in a research note on Friday, May 8th. Mizuho boosted their target price on Affirm from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. Zacks Research lowered Affirm from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 29th. Bank of America lifted their price target on Affirm from $82.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Finally, Stephens boosted their price objective on Affirm from $55.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $87.60.

Affirm Stock Performance

Shares of AFRM opened at $81.79 on Tuesday. The company has a debt-to-equity ratio of 2.39, a current ratio of 11.32 and a quick ratio of 11.32. The firm’s 50 day moving average is $68.25 and its 200-day moving average is $62.83. Affirm Holdings, Inc. has a 12-month low of $42.10 and a 12-month high of $100.00. The stock has a market capitalization of $27.39 billion, a P/E ratio of 74.35, a P/E/G ratio of 4.58 and a beta of 3.70.

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

Insider Activity

In other news, Director Noel Bertram Watson sold 2,000 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $65.00, for a total transaction of $130,000.00. Following the completion of the sale, the director owned 36,076 shares in the company, valued at approximately $2,344,940. This represents a 5.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 11.01% of the company’s stock.

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.