19,563 Shares in Affirm Holdings, Inc. (NASDAQ:AFRM) Bought by Qsemble Capital Management LP

Qsemble Capital Management LP purchased a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 19,563 shares of the company’s stock, valued at approximately $729,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Planned Solutions Inc. purchased a new stake in Affirm during the fourth quarter valued at about $25,000. Creative Financial Designs Inc. ADV boosted its stake in Affirm by 82.2% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 665 shares of the company’s stock worth $33,000 after purchasing an additional 300 shares during the period. Raleigh Capital Management Inc. acquired a new position in Affirm in the 4th quarter worth approximately $33,000. Global Wealth Strategies & Associates grew its position in Affirm by 94.0% during the 1st quarter. Global Wealth Strategies & Associates now owns 970 shares of the company’s stock worth $36,000 after purchasing an additional 470 shares in the last quarter. Finally, Principal Securities Inc. acquired a new stake in Affirm during the 4th quarter valued at $49,000. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Affirm Trading Down 0.8 %

AFRM traded down $0.27 on Wednesday, hitting $33.19. The company had a trading volume of 2,776,596 shares, compared to its average volume of 8,437,544. The company has a quick ratio of 12.94, a current ratio of 12.94 and a debt-to-equity ratio of 2.43. The company’s fifty day moving average price is $30.90 and its 200 day moving average price is $35.47. Affirm Holdings, Inc. has a 1-year low of $13.67 and a 1-year high of $52.48.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.43) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.27. Affirm had a negative net margin of 32.17% and a negative return on equity of 22.06%. The business had revenue of $576.00 million during the quarter, compared to analysts’ expectations of $549.99 million. During the same period in the previous year, the company earned ($0.69) earnings per share. Affirm’s revenue for the quarter was up 51.2% on a year-over-year basis. Equities analysts anticipate that Affirm Holdings, Inc. will post -1.98 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a report on Thursday, May 9th. The Goldman Sachs Group reiterated a “buy” rating and issued a $42.00 target price on shares of Affirm in a report on Monday, June 24th. JPMorgan Chase & Co. raised shares of Affirm from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $41.00 to $43.00 in a research report on Thursday, May 9th. JMP Securities began coverage on shares of Affirm in a research report on Friday, June 28th. They set a “market perform” rating on the stock. Finally, BMO Capital Markets dropped their price objective on shares of Affirm from $48.00 to $46.00 and set a “market perform” rating on the stock in a research note on Friday, May 10th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $32.66.

Insider Buying and Selling at Affirm

In other Affirm news, Director Keith Rabois sold 9,276 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $29.89, for a total value of $277,259.64. Following the sale, the director now owns 73,623 shares of the company’s stock, valued at approximately $2,200,591.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 13.05% of the company’s stock.

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.