Susquehanna Fundamental Investments LLC Acquires New Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Susquehanna Fundamental Investments LLC bought a new position in Affirm Holdings, Inc. (NASDAQ:AFRM) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 158,517 shares of the company’s stock, valued at approximately $9,654,000.

A number of other institutional investors have also recently made changes to their positions in AFRM. Capital Research Global Investors boosted its stake in Affirm by 2.0% during the 4th quarter. Capital Research Global Investors now owns 24,264,396 shares of the company’s stock valued at $1,477,747,000 after purchasing an additional 470,409 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Affirm by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 21,815,563 shares of the company’s stock valued at $1,328,568,000 after buying an additional 716,574 shares during the last quarter. Capital World Investors increased its holdings in Affirm by 0.4% in the 4th quarter. Capital World Investors now owns 18,339,165 shares of the company’s stock worth $1,116,861,000 after buying an additional 72,582 shares in the last quarter. Geode Capital Management LLC raised its position in Affirm by 5.4% in the 4th quarter. Geode Capital Management LLC now owns 4,173,353 shares of the company’s stock worth $254,238,000 after buying an additional 212,234 shares during the last quarter. Finally, Norges Bank bought a new position in Affirm during the 4th quarter valued at about $139,949,000. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AFRM. BMO Capital Markets restated an “outperform” rating and set a $69.00 price objective on shares of Affirm in a research report on Thursday, March 20th. Seaport Res Ptn raised Affirm to a “hold” rating in a report on Monday, March 24th. Wells Fargo & Company cut their price objective on Affirm from $85.00 to $67.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. Royal Bank of Canada raised their target price on Affirm from $67.00 to $81.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Affirm in a research report on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $66.74.

Affirm Trading Up 1.8 %

Affirm stock opened at $49.09 on Friday. The company has a debt-to-equity ratio of 2.68, a current ratio of 11.26 and a quick ratio of 11.26. The firm’s 50 day moving average price is $49.47 and its 200-day moving average price is $56.32. Affirm Holdings, Inc. has a 1 year low of $22.25 and a 1 year high of $82.53. The stock has a market cap of $15.61 billion, a P/E ratio of -75.52 and a beta of 3.68.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.23 EPS for the quarter, beating 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%. On average, equities analysts predict that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Insider Transactions at Affirm

In related news, Director Christa S. Quarles sold 5,000 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $80.00, for a total value of $400,000.00. Following the completion of the transaction, the director now owns 137,325 shares of the company’s stock, valued at approximately $10,986,000. This trade represents a 3.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Noel Bertram Watson sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $45.78, for a total value of $114,450.00. Following the sale, the director now directly owns 38,997 shares in the company, valued at $1,785,282.66. The trade was a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,762 shares of company stock valued at $3,241,246 in the last ninety days. Corporate insiders own 12.41% of the company’s stock.

About Affirm

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.