Los Angeles Capital Management LLC Acquires New Stake in Affirm Holdings, Inc. (NASDAQ:AFRM)

Los Angeles Capital Management LLC bought a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) during the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 20,113 shares of the company’s stock, valued at approximately $749,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Creative Financial Designs Inc. ADV lifted its stake in shares of Affirm by 82.2% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 665 shares of the company’s stock worth $33,000 after acquiring an additional 300 shares during the period. Global Wealth Strategies & Associates raised its holdings in Affirm by 94.0% during the 1st quarter. Global Wealth Strategies & Associates now owns 970 shares of the company’s stock worth $36,000 after purchasing an additional 470 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in shares of Affirm by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 95,536 shares of the company’s stock worth $2,032,000 after purchasing an additional 480 shares during the period. Planned Solutions Inc. bought a new stake in shares of Affirm in the 4th quarter valued at $25,000. Finally, Raleigh Capital Management Inc. acquired a new stake in shares of Affirm during the fourth quarter worth $33,000. Institutional investors own 69.29% of the company’s stock.

Insider Buying and Selling at Affirm

In other Affirm news, Director Keith Rabois sold 9,276 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $32.12, for a total value of $297,945.12. Following the transaction, the director now directly owns 60,000 shares in the company, valued at $1,927,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 13.05% of the company’s stock.

Affirm Price Performance

Shares of AFRM opened at $33.70 on Tuesday. Affirm Holdings, Inc. has a fifty-two week low of $12.81 and a fifty-two week high of $52.48. The firm’s 50-day simple moving average is $31.76 and its two-hundred day simple moving average is $37.32. The stock has a market cap of $10.42 billion, a PE ratio of -15.11 and a beta of 3.47. The company has a debt-to-equity ratio of 2.43, a quick ratio of 12.94 and a current ratio of 12.94.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.43) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.27. The company had revenue of $576.00 million during the quarter, compared to analyst estimates of $549.99 million. Affirm had a negative net margin of 32.17% and a negative return on equity of 22.06%. The firm’s revenue for the quarter was up 51.2% on a year-over-year basis. During the same period in the previous year, the business earned ($0.69) EPS. Analysts anticipate that Affirm Holdings, Inc. will post -1.98 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on AFRM shares. BMO Capital Markets dropped their price objective on Affirm from $48.00 to $46.00 and set a “market perform” rating on the stock in a research note on Friday, May 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $43.00 price objective on shares of Affirm in a research report on Friday, May 24th. Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a research report on Thursday, May 9th. Mizuho reissued a “buy” rating and set a $65.00 target price on shares of Affirm in a research note on Thursday, June 20th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $42.00 price target on shares of Affirm in a research note on Monday. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $32.66.

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.