Susquehanna Fundamental Investments LLC Invests $841,000 in Affirm Holdings, Inc. (NASDAQ:AFRM)

Susquehanna Fundamental Investments LLC purchased a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 22,575 shares of the company’s stock, valued at approximately $841,000.

A number of other large investors also recently bought and sold shares of AFRM. Planned Solutions Inc. bought a new stake in shares of Affirm during the fourth quarter worth $25,000. Creative Financial Designs Inc. ADV lifted its holdings in Affirm by 82.2% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 665 shares of the company’s stock valued at $33,000 after buying an additional 300 shares in the last quarter. Raleigh Capital Management Inc. purchased a new stake in Affirm in the 4th quarter valued at about $33,000. Global Wealth Strategies & Associates grew its stake in Affirm by 94.0% in the 1st quarter. Global Wealth Strategies & Associates now owns 970 shares of the company’s stock worth $36,000 after acquiring an additional 470 shares in the last quarter. Finally, Principal Securities Inc. purchased a new position in shares of Affirm during the fourth quarter worth approximately $49,000. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $43.00 price target on shares of Affirm in a report on Friday, May 24th. Barclays dropped their price target on Affirm from $50.00 to $41.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 16th. BMO Capital Markets decreased their price objective on Affirm from $48.00 to $46.00 and set a “market perform” rating for the company in a report on Friday, May 10th. BTIG Research assumed coverage on shares of Affirm in a report on Friday, June 7th. They set a “neutral” rating on the stock. Finally, Needham & Company LLC restated a “hold” rating on shares of Affirm in a report on Thursday, May 9th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Affirm currently has an average rating of “Hold” and an average price target of $32.66.

Affirm Stock Up 7.7 %

NASDAQ AFRM traded up $2.27 on Monday, hitting $31.81. The stock had a trading volume of 5,461,511 shares, compared to its average volume of 8,437,224. Affirm Holdings, Inc. has a 52-week low of $13.67 and a 52-week high of $52.48. The business’s fifty day moving average price is $31.00 and its 200 day moving average price is $35.72. The company has a debt-to-equity ratio of 2.43, a current ratio of 12.94 and a quick ratio of 12.94. The stock has a market cap of $9.83 billion, a price-to-earnings ratio of -14.24 and a beta of 3.45.

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

Insider Activity

In related news, Director Keith Rabois sold 9,276 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $29.89, for a total value of $277,259.64. Following the completion of the transaction, the director now directly owns 73,623 shares of the company’s stock, valued at approximately $2,200,591.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 13.05% of the company’s stock.

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.