GAMMA Investing LLC Acquires 738 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

GAMMA Investing LLC increased its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 21.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,177 shares of the company’s stock after acquiring an additional 738 shares during the quarter. GAMMA Investing LLC’s holdings in Affirm were worth $254,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of AFRM. Allspring Global Investments Holdings LLC raised its holdings in Affirm by 82.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock valued at $36,000 after acquiring an additional 540 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in Affirm by 5.7% in the second quarter. Commonwealth Equity Services LLC now owns 12,548 shares of the company’s stock worth $379,000 after purchasing an additional 680 shares during the period. CIBC Asset Management Inc boosted its stake in Affirm by 29.3% during the second quarter. CIBC Asset Management Inc now owns 7,287 shares of the company’s stock worth $220,000 after buying an additional 1,650 shares in the last quarter. Rhumbline Advisers increased its holdings in Affirm by 2.7% in the 2nd quarter. Rhumbline Advisers now owns 235,895 shares of the company’s stock valued at $7,126,000 after buying an additional 6,185 shares during the period. Finally, Arizona State Retirement System raised its stake in shares of Affirm by 9.2% in the 2nd quarter. Arizona State Retirement System now owns 65,417 shares of the company’s stock valued at $1,976,000 after buying an additional 5,511 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Affirm

In related news, CFO Robert O’hare sold 6,541 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $62.28, for a total value of $407,373.48. Following the sale, the chief financial officer now directly owns 2,963 shares in the company, valued at $184,535.64. This trade represents a 68.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Katherine Adkins sold 200,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $55.05, for a total transaction of $11,010,000.00. Following the transaction, the insider now owns 93,545 shares of the company’s stock, valued at approximately $5,149,652.25. This represents a 68.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,323,478 shares of company stock worth $86,285,371 in the last three months. Insiders own 12.41% of the company’s stock.

Affirm Price Performance

Shares of AFRM stock opened at $61.29 on Wednesday. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $73.34. The firm has a market cap of $19.25 billion, a price-to-earnings ratio of -43.16 and a beta of 3.67. The stock has a 50-day moving average price of $62.20 and a 200 day moving average price of $44.81.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.05. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.57%. The business had revenue of $698.48 million during the quarter, compared to the consensus estimate of $661.39 million. During the same period in the previous year, the firm posted ($0.57) earnings per share. Research analysts expect that Affirm Holdings, Inc. will post -0.53 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Citizens Jmp raised shares of Affirm from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 20th. BTIG Research upgraded Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Tuesday, October 8th. Mizuho raised their target price on Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Jefferies Financial Group upgraded Affirm from a “hold” rating to a “buy” rating and upped their price target for the company from $70.00 to $82.00 in a research report on Thursday, December 19th. Finally, JPMorgan Chase & Co. lifted their price objective on Affirm from $56.00 to $74.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Affirm presently has an average rating of “Moderate Buy” and a consensus target price of $60.94.

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.