Lindbrook Capital LLC Grows Stock Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Lindbrook Capital LLC lifted its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 117.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,386 shares of the company’s stock after purchasing an additional 750 shares during the quarter. Lindbrook Capital LLC’s holdings in Affirm were worth $68,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Affirm by 1.2% during the third quarter. Vanguard Group Inc. now owns 18,737,059 shares of the company’s stock worth $398,537,000 after acquiring an additional 213,421 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Affirm by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,298,330 shares of the company’s stock worth $27,615,000 after acquiring an additional 23,248 shares during the period. Northern Trust Corp grew its holdings in Affirm by 3.1% during the third quarter. Northern Trust Corp now owns 1,002,905 shares of the company’s stock worth $21,332,000 after acquiring an additional 30,552 shares during the period. Bank of New York Mellon Corp grew its holdings in Affirm by 3.2% during the third quarter. Bank of New York Mellon Corp now owns 754,950 shares of the company’s stock worth $16,058,000 after acquiring an additional 23,268 shares during the period. Finally, Swiss National Bank grew its holdings in Affirm by 1.8% during the third quarter. Swiss National Bank now owns 440,700 shares of the company’s stock worth $9,374,000 after acquiring an additional 7,800 shares during the period. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Affirm Stock Down 2.1 %

Shares of NASDAQ:AFRM opened at $32.08 on Thursday. The company has a quick ratio of 11.49, a current ratio of 11.49 and a debt-to-equity ratio of 2.35. Affirm Holdings, Inc. has a 52-week low of $8.80 and a 52-week high of $52.48. The stock’s fifty day simple moving average is $35.53 and its 200-day simple moving average is $34.92. The company has a market capitalization of $9.84 billion, a P/E ratio of -12.88 and a beta of 3.57.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Thursday, February 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.28) by $0.08. Affirm had a negative return on equity of 25.10% and a negative net margin of 39.19%. The business had revenue of $591.11 million for the quarter, compared to the consensus estimate of $523.92 million. As a group, equities research analysts forecast that Affirm Holdings, Inc. will post -2.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Affirm news, Director Keith Rabois sold 9,276 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $34.39, for a total value of $319,001.64. Following the sale, the director now directly owns 78,552 shares of the company’s stock, valued at approximately $2,701,403.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 13.05% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Stephens upped their price objective on Affirm from $6.00 to $16.00 and gave the stock an “underweight” rating in a report on Friday, February 9th. Royal Bank of Canada upped their price objective on Affirm from $26.00 to $50.00 and gave the stock a “sector perform” rating in a report on Friday, February 9th. Barclays lowered their target price on Affirm from $50.00 to $41.00 and set an “overweight” rating on the stock in a report on Tuesday, April 16th. BMO Capital Markets upped their target price on Affirm from $44.00 to $47.00 and gave the company a “market perform” rating in a report on Monday, February 12th. Finally, Wedbush reissued an “underperform” rating and issued a $20.00 target price on shares of Affirm in a report on Friday, February 9th. Six analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Affirm presently has a consensus rating of “Hold” and an average price target of $27.86.

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.