Evolutionary Tree Capital Management LLC Buys Shares of 36,963 Affirm Holdings, Inc. (NASDAQ:AFRM)

Evolutionary Tree Capital Management LLC acquired a new position in Affirm Holdings, Inc. (NASDAQ:AFRM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 36,963 shares of the company’s stock, valued at approximately $2,251,000. Affirm makes up approximately 2.3% of Evolutionary Tree Capital Management LLC’s portfolio, making the stock its 21st largest position.

Several other institutional investors have also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. increased its position in shares of Affirm by 356.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock worth $32,000 after acquiring an additional 410 shares in the last quarter. R Squared Ltd bought a new stake in shares of Affirm in the fourth quarter valued at $33,000. Creative Financial Designs Inc. ADV lifted its holdings in Affirm by 640.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 740 shares of the company’s stock valued at $45,000 after purchasing an additional 640 shares during the last quarter. Prestige Wealth Management Group LLC boosted its holdings in Affirm by 78.1% in the 4th quarter. Prestige Wealth Management Group LLC now owns 757 shares of the company’s stock worth $46,000 after buying an additional 332 shares during the period. Finally, Valley National Advisers Inc. bought a new stake in shares of Affirm during the 4th quarter valued at $61,000. 69.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AFRM has been the subject of several research analyst reports. Morgan Stanley lifted their target price on shares of Affirm from $39.00 to $55.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 28th. The Goldman Sachs Group reduced their target price on Affirm from $90.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. Barclays raised their target price on shares of Affirm from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Royal Bank of Canada increased their price objective on shares of Affirm from $67.00 to $81.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Affirm from $45.00 to $75.00 and gave the company a “hold” rating in a report on Monday, December 16th. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.74.

Insider Activity at Affirm

In other Affirm news, Director Christa S. Quarles sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $80.00, for a total transaction of $400,000.00. Following the sale, the director now directly owns 137,325 shares of the company’s stock, valued at $10,986,000. The trade was a 3.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Keith Rabois sold 16,086 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $60.12, for a total value of $967,090.32. Following the completion of the sale, the director now directly owns 77,608 shares of the company’s stock, valued at $4,665,792.96. The trade was a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,762 shares of company stock valued at $3,241,246. Insiders own 12.41% of the company’s stock.

Affirm Trading Down 0.6 %

Shares of AFRM opened at $40.49 on Friday. Affirm Holdings, Inc. has a 1 year low of $22.25 and a 1 year high of $82.53. The company has a 50 day simple moving average of $55.81 and a two-hundred day simple moving average of $56.09. The company has a debt-to-equity ratio of 2.68, a current ratio of 11.26 and a quick ratio of 11.26. The firm has a market cap of $12.88 billion, a P/E ratio of -62.29 and a beta of 3.68.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. On average, equities analysts expect that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Affirm 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.