Westfield Capital Management Co. LP Boosts Holdings in Affirm Holdings, Inc. $AFRM

Westfield Capital Management Co. LP boosted its position in Affirm Holdings, Inc. (NASDAQ:AFRM) by 21.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 851,834 shares of the company’s stock after purchasing an additional 150,227 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Affirm were worth $63,402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Assetmark Inc. raised its position in shares of Affirm by 111.3% during the 3rd quarter. Assetmark Inc. now owns 338 shares of the company’s stock valued at $25,000 after buying an additional 178 shares in the last quarter. Mount Vernon Associates Inc. MD raised its position in shares of Affirm by 0.5% during the 4th quarter. Mount Vernon Associates Inc. MD now owns 42,925 shares of the company’s stock valued at $3,195,000 after buying an additional 200 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Affirm by 63.6% during the 4th quarter. Fifth Third Bancorp now owns 522 shares of the company’s stock valued at $39,000 after buying an additional 203 shares in the last quarter. Rakuten Securities Inc. raised its position in shares of Affirm by 1.3% during the 4th quarter. Rakuten Securities Inc. now owns 16,622 shares of the company’s stock valued at $1,237,000 after buying an additional 206 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in shares of Affirm by 74.5% during the 3rd quarter. Larson Financial Group LLC now owns 499 shares of the company’s stock valued at $36,000 after buying an additional 213 shares in the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Insider Transactions at Affirm

In related news, Director Noel Bertram Watson sold 2,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $65.00, for a total transaction of $130,000.00. Following the sale, the director owned 36,076 shares of the company’s stock, valued at $2,344,940. This represents a 5.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.01% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AFRM shares. Citizens Jmp lowered their price objective on shares of Affirm from $105.00 to $85.00 and set a “market outperform” rating on the stock in a research report on Friday, April 17th. Citigroup reaffirmed a “buy” rating on shares of Affirm in a research report on Wednesday, April 15th. The Goldman Sachs Group cut shares of Affirm from a “buy” rating to a “hold” rating in a research report on Tuesday, February 24th. BMO Capital Markets began coverage on shares of Affirm in a research report on Tuesday, April 21st. They issued an “outperform” rating and a $75.00 target price for the company. Finally, Truist Financial raised their target price on shares of Affirm from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Affirm presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.20.

Affirm Stock Down 7.4%

Shares of Affirm stock opened at $63.61 on Friday. The company has a 50-day simple moving average of $60.91 and a two-hundred day simple moving average of $62.38. The company has a debt-to-equity ratio of 2.39, a quick ratio of 11.32 and a current ratio of 11.32. The stock has a market capitalization of $21.30 billion, a PE ratio of 57.83, a price-to-earnings-growth ratio of 3.95 and a beta of 3.70. Affirm Holdings, Inc. has a 52-week low of $42.10 and a 52-week high of $100.00.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.13. Affirm had a net margin of 9.63% and a return on equity of 11.17%. The business had revenue of $943.95 million during the quarter, compared to analyst estimates of $995.27 million. During the same period in the prior year, the business posted $0.01 earnings per share. The company’s revenue was up 32.7% on a year-over-year basis. On average, analysts anticipate that Affirm Holdings, Inc. will post 1.25 EPS for the current fiscal year.

About Affirm

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.