Polymer Capital Management HK LTD Invests $254,000 in Affirm Holdings, Inc. (NASDAQ:AFRM)

Polymer Capital Management HK LTD bought a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,170 shares of the company’s stock, valued at approximately $254,000.

A number of other large investors also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. grew its stake in shares of Affirm by 356.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock valued at $32,000 after buying an additional 410 shares during the last quarter. R Squared Ltd bought a new position in Affirm during the 4th quarter worth approximately $33,000. Creative Financial Designs Inc. ADV increased its stake in Affirm by 640.0% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 740 shares of the company’s stock worth $45,000 after purchasing an additional 640 shares during the period. Prestige Wealth Management Group LLC lifted its position in Affirm by 78.1% in the fourth quarter. Prestige Wealth Management Group LLC now owns 757 shares of the company’s stock valued at $46,000 after purchasing an additional 332 shares during the last quarter. Finally, Valley National Advisers Inc. purchased a new stake in shares of Affirm during the fourth quarter valued at approximately $61,000. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Affirm Trading Down 8.1 %

NASDAQ AFRM opened at $35.75 on Monday. The stock’s fifty day moving average price is $58.49 and its 200-day moving average price is $56.47. The company has a current ratio of 11.26, a quick ratio of 11.26 and a debt-to-equity ratio of 2.68. The stock has a market cap of $11.37 billion, a P/E ratio of -55.00 and a beta of 3.68. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $82.53.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. As a group, equities analysts forecast that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Insider Activity at Affirm

In related news, Director Christa S. Quarles sold 5,000 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $80.00, for a total transaction of $400,000.00. Following the sale, the director now directly owns 137,325 shares of the company’s stock, valued at $10,986,000. This trade represents a 3.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Keith Rabois sold 16,086 shares of Affirm 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 completion of the sale, the director now owns 77,608 shares of the company’s stock, valued at $4,665,792.96. The trade was a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 55,762 shares of company stock valued at $3,241,246. 12.41% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AFRM. Wells Fargo & Company upped their price target on shares of Affirm from $70.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, February 7th. The Goldman Sachs Group dropped their target price on shares of Affirm from $90.00 to $56.00 and set a “buy” rating for the company in a report on Tuesday, March 18th. Compass Point raised Affirm from a “neutral” rating to a “buy” rating and raised their target price for the stock from $61.00 to $64.00 in a research note on Wednesday, March 19th. Citizens Jmp raised Affirm from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 20th. Finally, Seaport Res Ptn upgraded Affirm to a “hold” rating in a research report on Monday, March 24th. 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.76.

About Affirm

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.