Paradigm Asset Management Co. LLC Takes Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Paradigm Asset Management Co. LLC acquired a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,700 shares of the company’s stock, valued at approximately $286,000.

Other hedge funds also recently added to or reduced their stakes in the company. Holocene Advisors LP bought a new stake in shares of Affirm in the 3rd quarter valued at about $27,872,000. Charles Schwab Investment Management Inc. increased its holdings in Affirm by 44.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,203,210 shares of the company’s stock valued at $89,935,000 after buying an additional 672,883 shares during the period. Bank of Montreal Can raised its stake in Affirm by 269.7% in the third quarter. Bank of Montreal Can now owns 724,336 shares of the company’s stock worth $29,814,000 after buying an additional 528,400 shares in the last quarter. Atreides Management LP purchased a new stake in Affirm during the third quarter worth $20,404,000. Finally, Quadrature Capital Ltd boosted its position in Affirm by 214.4% during the 3rd quarter. Quadrature Capital Ltd now owns 485,431 shares of the company’s stock valued at $19,820,000 after acquiring an additional 331,042 shares in the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.

Affirm Trading Down 8.1 %

Shares of NASDAQ:AFRM opened at $68.55 on Friday. The business has a 50-day moving average price of $64.62 and a 200-day moving average price of $52.68. The stock has a market cap of $21.80 billion, a price-to-earnings ratio of -105.46 and a beta of 3.66. Affirm Holdings, Inc. has a 52-week low of $22.25 and a 52-week high of $82.53. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68.

Affirm (NASDAQ:AFRM) last announced 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%. Equities analysts predict that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Insider Buying and Selling at Affirm

In other news, CFO Robert O’hare sold 79,039 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $70.01, for a total value of $5,533,520.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Keith Rabois sold 16,086 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $60.12, for a total value of $967,090.32. Following the sale, the director now directly owns 77,608 shares in the company, valued at approximately $4,665,792.96. This trade represents a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 754,482 shares of company stock valued at $52,297,805. 12.41% of the stock is owned by insiders.

Wall Street Analyst Weigh In

AFRM has been the subject of several recent research reports. Morgan Stanley boosted their price target on Affirm from $39.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 28th. UBS Group increased their price target on shares of Affirm from $46.00 to $62.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Needham & Company LLC restated a “hold” rating on shares of Affirm in a report on Friday, February 7th. William Blair began coverage on shares of Affirm in a research note on Wednesday, January 15th. They set an “outperform” rating for the company. Finally, Mizuho raised their target price on shares of Affirm from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Nine research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.24.

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.