Divisadero Street Capital Management LP Acquires 70,880 Shares of Affirm Holdings, Inc. $AFRM

Divisadero Street Capital Management LP grew its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 108.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 136,246 shares of the company’s stock after purchasing an additional 70,880 shares during the period. Divisadero Street Capital Management LP’s holdings in Affirm were worth $9,957,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Royal Bank of Canada grew its position in Affirm by 2.1% in the first quarter. Royal Bank of Canada now owns 193,601 shares of the company’s stock valued at $8,748,000 after purchasing an additional 3,892 shares in the last quarter. Empowered Funds LLC lifted its position in Affirm by 90.7% during the 1st quarter. Empowered Funds LLC now owns 16,852 shares of the company’s stock worth $762,000 after buying an additional 8,014 shares in the last quarter. Focus Partners Wealth acquired a new position in shares of Affirm during the 1st quarter worth about $243,000. Allworth Financial LP boosted its stake in shares of Affirm by 41.9% during the 2nd quarter. Allworth Financial LP now owns 799 shares of the company’s stock worth $55,000 after buying an additional 236 shares during the last quarter. Finally, Vise Technologies Inc. bought a new position in shares of Affirm in the 2nd quarter valued at about $303,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

Insider Buying and Selling at Affirm

In other Affirm news, CFO Robert O’hare sold 36,401 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $80.00, for a total transaction of $2,912,080.00. Following the completion of the sale, the chief financial officer owned 1,368 shares of the company’s stock, valued at $109,440. This trade represents a 96.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Max R. Levchin sold 666,666 shares of Affirm stock in a transaction on Monday, January 5th. The stock was sold at an average price of $80.62, for a total transaction of $53,746,612.92. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 11.01% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on AFRM. Morgan Stanley reaffirmed an “overweight” rating on shares of Affirm in a research report on Wednesday, March 4th. TD Cowen restated a “buy” rating on shares of Affirm in a research note on Friday, February 6th. Evercore reiterated an “outperform” rating on shares of Affirm in a research note on Tuesday, December 16th. Oppenheimer cut their price objective on Affirm from $95.00 to $83.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Finally, Stephens decreased their target price on shares of Affirm from $75.00 to $65.00 and set an “equal weight” rating for the company in a research note on Friday, February 6th. Twenty investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $84.36.

Affirm Trading Up 1.1%

Affirm stock opened at $46.88 on Monday. The stock has a 50-day simple moving average of $60.71 and a 200 day simple moving average of $70.20. The stock has a market capitalization of $15.62 billion, a P/E ratio of 57.88, a PEG ratio of 1.72 and a beta of 3.61. The company has a debt-to-equity ratio of 2.58, a quick ratio of 11.41 and a current ratio of 11.41. Affirm Holdings, Inc. has a 52 week low of $30.90 and a 52 week high of $100.00.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.09. Affirm had a return on equity of 8.83% and a net margin of 7.60%.The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the company earned $0.23 earnings per share. The business’s revenue for the quarter was up 29.6% compared to the same quarter last year. Analysts expect that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Affirm Profile

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.