Fieldview Capital Management LLC Takes Position in Affirm Holdings, Inc. $AFRM

Fieldview Capital Management LLC acquired a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 27,466 shares of the company’s stock, valued at approximately $2,044,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. boosted its holdings in shares of Affirm by 26.1% in the third quarter. Envestnet Asset Management Inc. now owns 235,152 shares of the company’s stock valued at $17,185,000 after acquiring an additional 48,734 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of Affirm by 83.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 48,504 shares of the company’s stock valued at $3,610,000 after acquiring an additional 22,054 shares in the last quarter. Public Sector Pension Investment Board bought a new position in shares of Affirm in the third quarter valued at approximately $7,103,000. Vanguard Group Inc. boosted its holdings in Affirm by 0.9% during the third quarter. Vanguard Group Inc. now owns 24,419,068 shares of the company’s stock worth $1,784,545,000 after buying an additional 223,258 shares in the last quarter. Finally, Jefferies Financial Group Inc. boosted its holdings in Affirm by 1,161.2% during the third quarter. Jefferies Financial Group Inc. now owns 171,269 shares of the company’s stock worth $12,516,000 after buying an additional 157,689 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors.

Affirm Stock Down 0.5%

Shares of NASDAQ:AFRM opened at $66.17 on Friday. The company has a debt-to-equity ratio of 2.39, a quick ratio of 11.32 and a current ratio of 11.32. The company has a market cap of $22.16 billion, a PE ratio of 60.15, a price-to-earnings-growth 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 firm has a 50 day simple moving average of $63.02 and a 200 day simple moving average of $62.38.

Affirm (NASDAQ:AFRM) last issued its quarterly 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 the consensus estimate of $995.27 million. Affirm had a net margin of 9.63% and a return on equity of 11.17%. The firm’s quarterly revenue was up 32.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.01 EPS. As a group, research analysts expect that Affirm Holdings, Inc. will post 1.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Truist Financial raised their target price on shares of Affirm from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, May 28th. Zacks Research cut shares of Affirm from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 29th. UBS Group raised their target price on shares of Affirm from $78.00 to $82.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Robert W. Baird set a $70.00 target price on shares of Affirm in a report on Friday, May 8th. Finally, Royal Bank Of Canada raised their target price on shares of Affirm from $77.00 to $80.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $86.20.

Insider Activity at Affirm

In related news, Director Noel Bertram Watson sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $65.00, for a total value 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 can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 11.01% of the company’s stock.

Affirm Profile

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.