Ashford Capital Management Inc. Makes New $840,000 Investment in Affirm Holdings, Inc. (NASDAQ:AFRM)

Ashford Capital Management Inc. acquired a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 13,800 shares of the company’s stock, valued at approximately $840,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AFRM. Durable Capital Partners LP increased its holdings in Affirm by 97.3% in the fourth quarter. Durable Capital Partners LP now owns 5,858,283 shares of the company’s stock worth $356,769,000 after purchasing an additional 2,888,827 shares in the last quarter. Norges Bank bought a new position in shares of Affirm during the 4th quarter worth approximately $139,949,000. Capital International Investors acquired a new stake in shares of Affirm during the 4th quarter worth approximately $100,030,000. Foxhaven Asset Management LP bought a new stake in shares of Affirm in the 4th quarter valued at $80,917,000. Finally, Voloridge Investment Management LLC bought a new stake in shares of Affirm in the 4th quarter valued at $76,738,000. Institutional investors own 69.29% of the company’s stock.

Affirm Trading Down 1.6%

NASDAQ AFRM opened at $51.71 on Tuesday. The firm has a market capitalization of $16.68 billion, a P/E ratio of -79.55 and a beta of 3.66. The business has a fifty day simple moving average of $46.72 and a 200 day simple moving average of $57.24. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $82.53. The company has a current ratio of 11.26, a quick ratio of 11.26 and a debt-to-equity ratio of 2.68.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.10. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. The firm had revenue of $783.14 million for the quarter, compared to the consensus estimate of $782.98 million. During the same period in the previous year, the firm earned ($0.43) EPS. The business’s revenue for the quarter was up 35.9% compared to the same quarter last year. On average, analysts predict that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Insider Activity at Affirm

In other Affirm news, Director Keith Rabois sold 16,089 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $51.00, for a total value of $820,539.00. Following the completion of the sale, the director now owns 29,343 shares in the company, valued at approximately $1,496,493. This trade represents a 35.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Noel Bertram Watson sold 2,500 shares of Affirm stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $45.78, for a total transaction of $114,450.00. Following the transaction, the director now directly owns 38,997 shares in the company, valued at approximately $1,785,282.66. This represents a 6.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,765 shares of company stock valued at $2,694,694 over the last ninety days. Corporate insiders own 12.41% of the company’s stock.

Analyst Ratings Changes

AFRM has been the topic of several research analyst reports. The Goldman Sachs Group increased their target price on shares of Affirm from $45.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, May 12th. BMO Capital Markets reiterated an “outperform” rating and set a $69.00 price objective on shares of Affirm in a report on Thursday, March 20th. Wells Fargo & Company reduced their target price on Affirm from $85.00 to $67.00 and set an “overweight” rating for the company in a research note on Wednesday, April 9th. Bank of America boosted their target price on Affirm from $76.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, May 9th. Finally, UBS Group dropped their price target on Affirm from $62.00 to $56.00 and set a “neutral” rating on the stock in a research note on Friday, May 9th. Seven research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Affirm has a consensus rating of “Moderate Buy” and a consensus price target of $65.05.

Affirm Company Profile

Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States, Canada, and internationally. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time with terms ranging up to 60 months.