Edgestream Partners L.P. Boosts Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

Edgestream Partners L.P. lifted its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 506.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,753 shares of the company’s stock after acquiring an additional 52,411 shares during the period. Edgestream Partners L.P.’s holdings in Affirm were worth $2,338,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its stake in Affirm by 1.2% during the third quarter. Vanguard Group Inc. now owns 18,737,059 shares of the company’s stock worth $398,537,000 after purchasing an additional 213,421 shares during the period. Diversified Trust Co purchased a new position in shares of Affirm in the 4th quarter worth $228,000. Creative Financial Designs Inc. ADV boosted its holdings in Affirm by 82.2% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 665 shares of the company’s stock valued at $33,000 after acquiring an additional 300 shares during the last quarter. Whittier Trust Co. grew its position in Affirm by 9,900.0% during the fourth quarter. Whittier Trust Co. now owns 1,500 shares of the company’s stock valued at $74,000 after acquiring an additional 1,485 shares during the period. Finally, HB Wealth Management LLC acquired a new stake in Affirm during the fourth quarter worth about $349,000. 69.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Barclays decreased their target price on Affirm from $50.00 to $41.00 and set an “overweight” rating for the company in a report on Tuesday, April 16th. BTIG Research assumed coverage on shares of Affirm in a research note on Friday, June 7th. They set a “neutral” rating for the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $43.00 target price on shares of Affirm in a research note on Friday, May 24th. BMO Capital Markets reduced their target price on shares of Affirm from $48.00 to $46.00 and set a “market perform” rating on the stock in a report on Friday, May 10th. Finally, Mizuho reiterated a “buy” rating and issued a $65.00 price target on shares of Affirm in a report on Thursday, June 20th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $32.66.

Affirm Stock Up 0.4 %

Shares of AFRM stock traded up $0.11 during mid-day trading on Tuesday, reaching $29.74. 435,914 shares of the company were exchanged, compared to its average volume of 8,343,195. The company has a debt-to-equity ratio of 2.43, a quick ratio of 12.94 and a current ratio of 12.94. The business’s 50 day simple moving average is $30.75 and its 200 day simple moving average is $35.06. The company has a market capitalization of $9.19 billion, a P/E ratio of -13.29 and a beta of 3.45. Affirm Holdings, Inc. has a fifty-two week low of $13.67 and a fifty-two week high of $52.48.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Wednesday, May 8th. The company reported ($0.43) EPS for the quarter, beating analysts’ consensus estimates of ($0.70) by $0.27. The firm had revenue of $576.00 million for the quarter, compared to the consensus estimate of $549.99 million. Affirm had a negative net margin of 32.17% and a negative return on equity of 22.06%. The firm’s revenue was up 51.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.69) EPS. Research analysts predict that Affirm Holdings, Inc. will post -1.98 earnings per share for the current year.

Insider Buying and Selling

In other Affirm news, Director Keith Rabois sold 9,276 shares of the company’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 transaction of $277,259.64. Following the sale, the director now owns 73,623 shares in the company, valued at $2,200,591.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 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.