IFM Investors Pty Ltd Acquires New Position in Affirm Holdings, Inc. $AFRM

IFM Investors Pty Ltd bought a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 50,679 shares of the company’s stock, valued at approximately $3,853,000.

A number of other hedge funds have also bought and sold shares of the stock. AlphaQuest LLC lifted its stake in shares of Affirm by 352.6% during the first quarter. AlphaQuest LLC now owns 2,815 shares of the company’s stock worth $127,000 after buying an additional 2,193 shares during the period. Comerica Bank raised its stake in Affirm by 5.5% in the 1st quarter. Comerica Bank now owns 5,513 shares of the company’s stock worth $249,000 after acquiring an additional 287 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in Affirm by 20.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 12,000 shares of the company’s stock worth $542,000 after acquiring an additional 2,000 shares during the period. Ieq Capital LLC grew its stake in Affirm by 15.5% during the 1st quarter. Ieq Capital LLC now owns 34,874 shares of the company’s stock valued at $1,576,000 after purchasing an additional 4,675 shares during the last quarter. Finally, Trexquant Investment LP increased its holdings in shares of Affirm by 17.8% in the first quarter. Trexquant Investment LP now owns 282,962 shares of the company’s stock valued at $12,787,000 after purchasing an additional 42,667 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. BTIG Research reaffirmed a “neutral” rating on shares of Affirm in a report on Wednesday, December 17th. Evercore ISI reissued an “outperform” rating on shares of Affirm in a research report on Tuesday, December 16th. Wall Street Zen upgraded shares of Affirm from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Wells Fargo & Company initiated coverage on shares of Affirm in a report on Tuesday, October 21st. They issued an “overweight” rating and a $89.00 price objective on the stock. Finally, Wolfe Research assumed coverage on shares of Affirm in a report on Tuesday, December 9th. They set a “peer perform” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $86.57.

Affirm Price Performance

NASDAQ:AFRM opened at $75.81 on Friday. The company has a debt-to-equity ratio of 2.40, a current ratio of 12.80 and a quick ratio of 12.80. The company has a 50 day moving average price of $71.30 and a 200-day moving average price of $72.92. Affirm Holdings, Inc. has a 1-year low of $30.90 and a 1-year high of $100.00. The firm has a market cap of $25.02 billion, a price-to-earnings ratio of 113.15, a price-to-earnings-growth ratio of 3.45 and a beta of 3.57.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.11 by $0.12. Affirm had a net margin of 6.74% and a return on equity of 7.75%. The company had revenue of $933.34 million for the quarter, compared to analyst estimates of $881.83 million. During the same quarter last year, the business earned ($0.31) earnings per share. The firm’s revenue was up 33.6% on a year-over-year basis. Equities research analysts forecast that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Insider Activity at Affirm

In other news, CFO Robert O’hare sold 8,189 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $70.00, for a total transaction of $573,230.00. Following the sale, the chief financial officer directly owned 1,368 shares in the company, valued at $95,760. This trade represents a 85.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 11.01% of the stock is owned by company insiders.

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.