Versant Capital Management Inc Acquires 586 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Versant Capital Management Inc grew its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 20.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,405 shares of the company’s stock after buying an additional 586 shares during the period. Versant Capital Management Inc’s holdings in Affirm were worth $207,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AFRM. Dragoneer Investment Group LLC acquired a new stake in shares of Affirm during the 2nd quarter worth approximately $45,219,000. Artemis Investment Management LLP bought a new stake in shares of Affirm during the third quarter worth about $30,808,000. Holocene Advisors LP purchased a new stake in shares of Affirm in the third quarter worth approximately $27,872,000. Charles Schwab Investment Management Inc. raised its position in Affirm by 44.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,203,210 shares of the company’s stock valued at $89,935,000 after buying an additional 672,883 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in shares of Affirm by 269.7% in the third quarter. Bank of Montreal Can now owns 724,336 shares of the company’s stock valued at $29,814,000 after purchasing an additional 528,400 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Analyst Ratings Changes

AFRM has been the subject of a number of research analyst reports. Citizens Jmp raised Affirm from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 20th. Bank of America upped their price target on shares of Affirm from $50.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Deutsche Bank Aktiengesellschaft raised their target price on Affirm from $45.00 to $75.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. JPMorgan Chase & Co. raised their price target on shares of Affirm from $56.00 to $74.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. Finally, Barclays boosted their price objective on Affirm from $64.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Affirm currently has a consensus rating of “Moderate Buy” and a consensus target price of $60.94.

Insiders Place Their Bets

In other news, CFO Robert O’hare sold 100,938 shares of Affirm stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $55.00, for a total value of $5,551,590.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Noel Bertram Watson sold 2,500 shares of Affirm stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $72.05, for a total transaction of $180,125.00. Following the completion of the transaction, the director now directly owns 41,497 shares of the company’s stock, valued at $2,989,858.85. This trade represents a 5.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,323,478 shares of company stock worth $86,285,371 over the last three months. Company insiders own 12.41% of the company’s stock.

Affirm Trading Up 6.4 %

NASDAQ:AFRM opened at $66.50 on Friday. The firm has a market capitalization of $20.88 billion, a P/E ratio of -46.83 and a beta of 3.66. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50. The company has a fifty day moving average of $61.37 and a 200 day moving average of $44.15. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $73.34.

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

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.