Ardmore Road Asset Management LP Has $18.33 Million Stock Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Ardmore Road Asset Management LP lifted its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 50.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 301,000 shares of the company’s stock after acquiring an additional 101,000 shares during the period. Affirm makes up about 2.7% of Ardmore Road Asset Management LP’s investment portfolio, making the stock its 16th largest holding. Ardmore Road Asset Management LP owned about 0.10% of Affirm worth $18,331,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Geneos Wealth Management Inc. boosted its stake in shares of Affirm by 356.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock worth $32,000 after acquiring an additional 410 shares during the period. R Squared Ltd bought a new position in shares of Affirm in the 4th quarter valued at $33,000. Creative Financial Designs Inc. ADV grew its position in Affirm by 640.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 740 shares of the company’s stock valued at $45,000 after acquiring an additional 640 shares during the last quarter. Prestige Wealth Management Group LLC increased its position in Affirm by 78.1% during the 4th quarter. Prestige Wealth Management Group LLC now owns 757 shares of the company’s stock worth $46,000 after purchasing an additional 332 shares in the last quarter. Finally, Valley National Advisers Inc. acquired a new position in shares of Affirm during the fourth quarter worth $61,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AFRM shares. Susquehanna downgraded shares of Affirm from a “positive” rating to a “neutral” rating and set a $57.00 target price for the company. in a research report on Tuesday, January 21st. Needham & Company LLC reissued a “hold” rating on shares of Affirm in a research note on Friday, February 7th. Morgan Stanley raised their price target on shares of Affirm from $39.00 to $55.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 28th. Jefferies Financial Group upgraded shares of Affirm from a “hold” rating to a “buy” rating and increased their price target for the company from $70.00 to $82.00 in a research report on Thursday, December 19th. Finally, JMP Securities raised their target price on Affirm from $78.00 to $85.00 and gave the stock a “market outperform” rating in a research report on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $69.76.

Insiders Place Their Bets

In other Affirm news, CFO Robert O’hare sold 6,541 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $62.28, for a total value of $407,373.48. Following the completion of the transaction, the chief financial officer now owns 2,963 shares of the company’s stock, valued at $184,535.64. This represents a 68.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Keith Rabois sold 16,086 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $62.32, for a total transaction of $1,002,479.52. Following the transaction, the director now owns 93,694 shares in the company, valued at approximately $5,839,010.08. The trade was a 14.65 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 62,301 shares of company stock valued at $3,920,543. 12.41% of the stock is currently owned by corporate insiders.

Affirm Trading Up 0.7 %

NASDAQ:AFRM opened at $45.51 on Wednesday. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68. The business’s 50 day moving average is $59.42 and its two-hundred day moving average is $56.54. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $82.53. The company has a market cap of $14.47 billion, a PE ratio of -70.02 and a beta of 3.63.

Affirm (NASDAQ:AFRM) last announced its earnings results on Thursday, February 6th. The company reported $0.23 EPS for the quarter, topping 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%. On average, analysts predict that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

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.