Xponance Inc. Increases Stake in Affirm Holdings, Inc. (NASDAQ:AFRM)

Xponance Inc. lifted its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 34.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,456 shares of the company’s stock after buying an additional 3,216 shares during the quarter. Xponance Inc.’s holdings in Affirm were worth $759,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Natixis Advisors LLC bought a new position in shares of Affirm during the 3rd quarter valued at about $759,000. Quest Partners LLC purchased a new stake in shares of Affirm in the third quarter worth about $391,000. Advisors Asset Management Inc. boosted its stake in Affirm by 168.2% during the third quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock valued at $44,000 after buying an additional 671 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake 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 worth $89,935,000 after acquiring an additional 672,883 shares during the last quarter. Finally, Independent Advisor Alliance raised its holdings in shares of Affirm by 10.8% during the 3rd quarter. Independent Advisor Alliance now owns 16,449 shares of the company’s stock worth $671,000 after acquiring an additional 1,609 shares in the last quarter. Institutional investors own 69.29% of the company’s stock.

Affirm Price Performance

Affirm stock opened at $52.54 on Tuesday. The stock has a market cap of $16.71 billion, a price-to-earnings ratio of -80.83 and a beta of 3.63. The firm has a 50-day moving average of $60.63 and a two-hundred day moving average of $56.23. Affirm Holdings, Inc. has a 1 year low of $22.25 and a 1 year high of $82.53. The company has a debt-to-equity ratio of 2.68, a current ratio of 11.26 and a quick ratio of 11.26.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.44. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. On average, research analysts forecast that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on AFRM shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Affirm from $45.00 to $75.00 and gave the company a “hold” rating in a report on Monday, December 16th. William Blair started coverage on shares of Affirm in a research report on Wednesday, January 15th. They set an “outperform” rating on the stock. Susquehanna lowered Affirm from a “positive” rating to a “neutral” rating and set a $57.00 price target for the company. in a research report on Tuesday, January 21st. Compass Point upgraded Affirm from a “neutral” rating to a “buy” rating and upped their price objective for the company from $61.00 to $64.00 in a research report on Wednesday, March 19th. Finally, Wells Fargo & Company lifted their target price on Affirm from $70.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.76.

Insider Activity

In other Affirm news, Director Keith Rabois sold 16,086 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $62.32, for a total transaction of $1,002,479.52. Following the transaction, the director now owns 93,694 shares of the company’s stock, valued at approximately $5,839,010.08. This trade represents a 14.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Robert O’hare sold 6,541 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $62.28, for a total transaction of $407,373.48. Following the completion of the sale, the chief financial officer now directly owns 2,963 shares of the company’s stock, valued at $184,535.64. The trade was a 68.82 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,301 shares of company stock worth $3,920,543. Company insiders own 12.41% 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.