Counterpoint Mutual Funds LLC Acquires Shares of 7,827 Affirm Holdings, Inc. (NASDAQ:AFRM)

Counterpoint Mutual Funds LLC acquired a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,827 shares of the company’s stock, valued at approximately $477,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AFRM. Holocene Advisors LP purchased a new position in shares of Affirm in the 3rd quarter worth about $27,872,000. Charles Schwab Investment Management Inc. raised its position in shares of Affirm by 44.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,203,210 shares of the company’s stock worth $89,935,000 after purchasing an additional 672,883 shares during the last quarter. Bank of Montreal Can raised its position in shares of Affirm by 269.7% in the 3rd quarter. Bank of Montreal Can now owns 724,336 shares of the company’s stock worth $29,814,000 after purchasing an additional 528,400 shares during the last quarter. Atreides Management LP purchased a new position in shares of Affirm in the 3rd quarter worth about $20,404,000. Finally, Quadrature Capital Ltd raised its position in shares of Affirm by 214.4% in the 3rd quarter. Quadrature Capital Ltd now owns 485,431 shares of the company’s stock worth $19,820,000 after purchasing an additional 331,042 shares during the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Insider Buying and Selling

In other Affirm news, Director Keith Rabois sold 16,088 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $63.97, for a total value of $1,029,149.36. Following the completion of the transaction, the director now directly owns 61,520 shares in the company, valued at $3,935,434.40. This represents a 20.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Robert O’hare sold 6,541 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $62.28, for a total value of $407,373.48. Following the completion of the transaction, the chief financial officer now owns 2,963 shares of the company’s stock, valued at $184,535.64. The trade was a 68.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 59,801 shares of company stock valued at $3,806,093. 12.41% of the stock is owned by corporate insiders.

Affirm Price Performance

NASDAQ AFRM opened at $47.96 on Tuesday. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $82.53. The firm has a market capitalization of $15.25 billion, a P/E ratio of -73.78 and a beta of 3.63. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68. The company has a 50-day moving average price of $61.57 and a 200-day moving average price of $56.01.

Affirm (NASDAQ:AFRM) last released its earnings results on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. Equities research analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AFRM has been the subject of several recent analyst reports. Bank of America lifted their price target on Affirm from $50.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. Wells Fargo & Company lifted their price target on Affirm from $70.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. UBS Group lifted their price objective on Affirm from $46.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Royal Bank of Canada lifted their price objective on Affirm from $67.00 to $81.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. Finally, Susquehanna downgraded Affirm from a “positive” rating to a “neutral” rating and set a $57.00 price objective for the company. in a report on Tuesday, January 21st. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Affirm has an average rating of “Moderate Buy” and a consensus price target of $70.24.

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.