754,728 Shares in Affirm Holdings, Inc. (NASDAQ:AFRM) Purchased by Artemis Investment Management LLP

Artemis Investment Management LLP bought a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 754,728 shares of the company’s stock, valued at approximately $30,808,000. Artemis Investment Management LLP owned about 0.24% of Affirm as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Affirm by 6.8% during the first quarter. Vanguard Group Inc. now owns 20,823,803 shares of the company’s stock valued at $775,895,000 after purchasing an additional 1,316,901 shares during the period. Capital World Investors increased its holdings in Affirm by 0.4% during the 1st quarter. Capital World Investors now owns 19,079,071 shares of the company’s stock worth $710,886,000 after purchasing an additional 77,050 shares during the period. Baillie Gifford & Co. raised its position in Affirm by 4.2% during the 1st quarter. Baillie Gifford & Co. now owns 18,732,407 shares of the company’s stock valued at $697,969,000 after purchasing an additional 749,368 shares in the last quarter. Dragoneer Investment Group LLC purchased a new stake in shares of Affirm in the 2nd quarter worth $45,219,000. Finally, Bank of New York Mellon Corp lifted its stake in Affirm by 25.6% in the second quarter. Bank of New York Mellon Corp now owns 866,946 shares of the company’s stock worth $26,190,000 after acquiring an additional 176,675 shares during the period. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Affirm Trading Up 6.6 %

Shares of Affirm stock opened at $41.15 on Wednesday. The company has a current ratio of 13.07, a quick ratio of 13.07 and a debt-to-equity ratio of 2.41. The firm’s 50-day moving average price is $35.80 and its 200 day moving average price is $33.08. The firm has a market capitalization of $12.72 billion, a PE ratio of -18.45 and a beta of 3.50. Affirm Holdings, Inc. has a twelve month low of $15.97 and a twelve month high of $52.48.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Wednesday, August 28th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.45) by $0.31. The firm had revenue of $659.19 million during the quarter, compared to the consensus estimate of $599.50 million. Affirm had a negative return on equity of 15.55% and a negative net margin of 22.29%. On average, sell-side analysts predict that Affirm Holdings, Inc. will post -0.82 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Keith Rabois sold 9,275 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $26.90, for a total transaction of $249,497.50. Following the transaction, the director now owns 64,348 shares of the company’s stock, valued at approximately $1,730,961.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Affirm news, insider Katherine Adkins sold 6,084 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $45.00, for a total transaction of $273,780.00. Following the completion of the transaction, the insider now owns 122,069 shares of the company’s stock, valued at $5,493,105. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Keith Rabois sold 9,275 shares of Affirm stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $26.90, for a total transaction of $249,497.50. Following the sale, the director now owns 64,348 shares of the company’s stock, valued at approximately $1,730,961.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 112,075 shares of company stock valued at $4,803,786 in the last three months. 13.05% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on AFRM. Mizuho reissued an “outperform” rating and set a $65.00 target price on shares of Affirm in a research report on Tuesday, August 27th. Royal Bank of Canada reissued a “sector perform” rating and issued a $46.00 price target on shares of Affirm in a research report on Friday, October 4th. Barclays boosted their target price on shares of Affirm from $50.00 to $54.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $42.00 price objective on shares of Affirm in a research report on Monday, June 24th. Finally, Bank of America lifted their price target on shares of Affirm from $36.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Affirm has an average rating of “Hold” and an average target price of $37.24.

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.