GAMMA Investing LLC Has $254,000 Stock Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

GAMMA Investing LLC grew its stake in Affirm Holdings, Inc. (NASDAQ:AFRMFree Report) by 21.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 4,177 shares of the company’s stock after buying an additional 738 shares during the quarter. GAMMA Investing LLC’s holdings in Affirm were worth $254,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in AFRM. ORG Wealth Partners LLC bought a new position in Affirm during the 3rd quarter worth about $29,000. Advisors Asset Management Inc. grew its holdings in shares of Affirm by 168.2% during the third quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after buying an additional 671 shares in the last quarter. Venturi Wealth Management LLC raised its position in Affirm by 200.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock valued at $45,000 after buying an additional 732 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Affirm by 82.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock valued at $36,000 after acquiring an additional 540 shares in the last quarter. Finally, Hanseatic Management Services Inc. acquired a new position in Affirm during the 3rd quarter worth approximately $65,000. Institutional investors own 69.29% of the company’s stock.

Affirm Stock Down 5.8 %

Shares of AFRM opened at $61.29 on Wednesday. The firm has a market cap of $19.25 billion, a P/E ratio of -43.16 and a beta of 3.67. The company has a debt-to-equity ratio of 2.50, a quick ratio of 12.60 and a current ratio of 12.60. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $73.34. The firm’s 50-day simple moving average is $62.20 and its 200 day simple moving average is $44.81.

Affirm (NASDAQ:AFRMGet Free Report) last posted its earnings results on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, beating the consensus estimate of ($0.36) by $0.05. The company had revenue of $698.48 million for the quarter, compared to the consensus estimate of $661.39 million. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. During the same quarter in the prior year, the business earned ($0.57) earnings per share. On average, analysts forecast that Affirm Holdings, Inc. will post -0.53 earnings per share for the current year.

Insiders Place Their Bets

In other Affirm news, President Libor Michalek sold 100,000 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $62.00, for a total transaction of $6,200,000.00. Following the transaction, the president now owns 159,449 shares in the company, valued at $9,885,838. This represents a 38.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Robert O’hare sold 100,938 shares of Affirm stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $55.00, for a total transaction of $5,551,590.00. The disclosure for this sale can be found here. Insiders have sold 1,323,478 shares of company stock worth $86,285,371 in the last 90 days. Company insiders own 12.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of Affirm from $64.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Bank of America increased their price objective on shares of Affirm from $50.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Citizens Jmp raised Affirm from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 20th. JMP Securities raised Affirm from a “market perform” rating to an “outperform” rating and set a $78.00 price target for the company in a research report on Friday, December 20th. Finally, The Goldman Sachs Group boosted their price target on Affirm from $57.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Affirm currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.94.

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About Affirm

(Free Report)

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.

See Also

Want to see what other hedge funds are holding AFRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Affirm Holdings, Inc. (NASDAQ:AFRMFree Report).

Institutional Ownership by Quarter for Affirm (NASDAQ:AFRM)

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