Janus Henderson Group PLC Grows Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Janus Henderson Group PLC grew its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 8.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,282 shares of the company’s stock after purchasing an additional 8,782 shares during the quarter. Janus Henderson Group PLC’s holdings in Affirm were worth $4,502,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. ORG Wealth Partners LLC purchased a new position in Affirm in the third quarter valued at $29,000. Ridgewood Investments LLC purchased a new position in shares of Affirm in the 2nd quarter valued at about $27,000. Advisors Asset Management Inc. raised its holdings in Affirm by 168.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after purchasing an additional 671 shares during the period. Venturi Wealth Management LLC boosted its position in Affirm by 200.5% during the third quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock worth $45,000 after purchasing an additional 732 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in Affirm by 82.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock valued at $36,000 after purchasing an additional 540 shares during the period. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Affirm Price Performance

Affirm stock opened at $66.32 on Wednesday. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50. The company has a 50-day moving average price of $53.13 and a 200 day moving average price of $39.89. Affirm Holdings, Inc. has a 12-month low of $22.25 and a 12-month high of $72.82. The stock has a market cap of $20.83 billion, a P/E ratio of -46.70 and a beta of 3.66.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.05. The business had revenue of $698.48 million during the quarter, compared to the consensus estimate of $661.39 million. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.57%. During the same quarter last year, the firm earned ($0.57) EPS. Sell-side analysts anticipate that Affirm Holdings, Inc. will post -0.53 earnings per share for the current year.

Insider Buying and Selling at Affirm

In other news, CFO Robert O’hare sold 79,039 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $70.01, for a total value of $5,533,520.39. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Libor Michalek sold 93,371 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $72.00, for a total transaction of $6,722,712.00. Following the transaction, the president now directly owns 160,601 shares of the company’s stock, valued at $11,563,272. The trade was a 36.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 985,065 shares of company stock worth $60,544,069 over the last quarter. 12.41% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Barclays upped their target price on Affirm from $64.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Mizuho increased their price objective on shares of Affirm from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Wedbush raised shares of Affirm from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $25.00 to $45.00 in a research note on Monday, October 14th. BTIG Research raised shares of Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Tuesday, October 8th. Finally, JPMorgan Chase & Co. boosted their price objective on Affirm from $56.00 to $74.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $55.33.

Affirm Company 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.