500,000 Shares in Affirm Holdings, Inc. (NASDAQ:AFRM) Purchased by Groupama Asset Managment

Groupama Asset Managment bought a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 500,000 shares of the company’s stock, valued at approximately $30,450,000. Groupama Asset Managment owned about 0.16% of Affirm at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in AFRM. Nordea Investment Management AB acquired a new stake in Affirm during the fourth quarter worth $6,380,000. Atreides Management LP purchased a new stake in Affirm in the 3rd quarter valued at about $20,404,000. Jacobs Levy Equity Management Inc. acquired a new position in Affirm in the third quarter valued at about $414,000. Integris Wealth Management LLC purchased a new position in Affirm during the fourth quarter worth about $750,000. Finally, Concentric Capital Strategies LP purchased a new position in Affirm during the third quarter worth about $1,720,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AFRM. Wells Fargo & Company boosted their price target on shares of Affirm from $70.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Compass Point raised Affirm from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $61.00 to $64.00 in a research note on Wednesday, March 19th. Citizens Jmp upgraded Affirm from a “hold” rating to a “strong-buy” rating in a report on Friday, December 20th. William Blair began coverage on shares of Affirm in a research note on Wednesday, January 15th. They set an “outperform” rating on the stock. Finally, Needham & Company LLC reissued a “hold” rating on shares of Affirm in a research note on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.76.

Affirm Stock Down 2.2 %

AFRM stock opened at $45.19 on Tuesday. The company’s 50 day moving average is $59.64 and its two-hundred day moving average is $56.53. Affirm Holdings, Inc. has a twelve month low of $22.25 and a twelve month high of $82.53. The company has a current ratio of 11.26, a quick ratio of 11.26 and a debt-to-equity ratio of 2.68. The stock has a market cap of $14.37 billion, a P/E ratio of -69.52 and a beta of 3.63.

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

Insider Activity at Affirm

In other news, CFO Robert O’hare sold 6,541 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $62.28, for a total value 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 approximately $184,535.64. This represents a 68.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Noel Bertram Watson sold 2,500 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $45.78, for a total value of $114,450.00. Following the completion of the transaction, the director now owns 38,997 shares in the company, valued at $1,785,282.66. This trade represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 62,301 shares of company stock valued at $3,920,543 in the last three months. 12.41% of the stock is currently owned by company insiders.

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.