Empowered Funds LLC Has $2.12 Million Stake in Affirm Holdings, Inc. $AFRM

Empowered Funds LLC increased its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 246.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 46,165 shares of the company’s stock after purchasing an additional 32,857 shares during the quarter. Empowered Funds LLC’s holdings in Affirm were worth $2,115,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Greenline Wealth Management LLC acquired a new position in shares of Affirm in the 4th quarter valued at $26,000. Syntegra Private Wealth Group LLC acquired a new stake in shares of Affirm during the first quarter worth $28,000. Triumph Capital Management acquired a new stake in shares of Affirm during the third quarter worth $31,000. Strive Financial Group LLC bought a new stake in Affirm in the fourth quarter valued at about $33,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Affirm in the first quarter valued at about $34,000. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. BTIG Research restated a “neutral” rating on shares of Affirm in a report on Tuesday, May 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Affirm in a research note on Wednesday, June 24th. Barclays started coverage on shares of Affirm in a research report on Wednesday, July 8th. They issued an “overweight” rating and a $97.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Affirm from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, July 8th. Finally, BMO Capital Markets began coverage on shares of Affirm in a research note on Tuesday, April 21st. They issued an “outperform” rating and a $75.00 target price for the company. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $92.74.

Affirm Stock Performance

Shares of AFRM opened at $76.58 on Friday. The company has a debt-to-equity ratio of 2.39, a quick ratio of 11.32 and a current ratio of 11.32. Affirm Holdings, Inc. has a twelve month low of $42.10 and a twelve month high of $100.00. The firm’s 50 day moving average price is $75.16 and its two-hundred day moving average price is $63.42. The firm has a market cap of $25.65 billion, a P/E ratio of 69.62, a PEG ratio of 3.19 and a beta of 3.71.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.13. Affirm had a net margin of 9.63% and a return on equity of 11.17%. The company had revenue of $943.95 million during the quarter, compared to the consensus estimate of $995.27 million. During the same quarter in the prior year, the firm earned $0.01 earnings per share. The firm’s revenue was up 32.7% compared to the same quarter last year. On average, analysts forecast that Affirm Holdings, Inc. will post 1.23 EPS for the current fiscal year.

Insider Buying and Selling at Affirm

In other Affirm news, Director Noel Bertram Watson sold 2,000 shares of Affirm stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $65.00, for a total value of $130,000.00. Following the sale, the director owned 36,076 shares of the company’s stock, valued at $2,344,940. This trade represents a 5.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Michael Linford sold 100,000 shares of the business’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $80.04, for a total value of $8,004,000.00. Following the completion of the sale, the chief operating officer owned 117,984 shares in the company, valued at approximately $9,443,439.36. This trade represents a 45.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 11.01% of the company’s stock.

About Affirm

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.