Holocene Advisors LP Has $112.95 Million Holdings in Affirm Holdings, Inc. $AFRM

Holocene Advisors LP grew its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 71.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,545,605 shares of the company’s stock after purchasing an additional 642,538 shares during the quarter. Holocene Advisors LP owned about 0.47% of Affirm worth $112,953,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Gotham Asset Management LLC increased its position in shares of Affirm by 26.2% during the third quarter. Gotham Asset Management LLC now owns 125,127 shares of the company’s stock worth $9,144,000 after buying an additional 25,948 shares during the period. Flight Deck Capital LP lifted its holdings in Affirm by 36.7% in the third quarter. Flight Deck Capital LP now owns 118,500 shares of the company’s stock valued at $8,660,000 after buying an additional 31,800 shares during the period. Focus Partners Wealth boosted its position in Affirm by 23.0% during the third quarter. Focus Partners Wealth now owns 7,792 shares of the company’s stock valued at $569,000 after acquiring an additional 1,458 shares during the last quarter. Divisadero Street Capital Management LP grew its holdings in Affirm by 108.4% during the 3rd quarter. Divisadero Street Capital Management LP now owns 136,246 shares of the company’s stock worth $9,957,000 after acquiring an additional 70,880 shares during the period. Finally, Capital Impact Advisors LLC acquired a new stake in Affirm during the 3rd quarter worth about $11,870,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

Insider Activity at Affirm

In other news, CFO Robert O’hare sold 36,401 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $109,440. The trade was a 96.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Max R. Levchin sold 666,666 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $80.62, for a total value of $53,746,612.92. The SEC filing for this sale provides additional information. Insiders own 11.01% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $85.00 price objective on shares of Affirm in a research note on Monday, February 9th. BTIG Research reaffirmed a “neutral” rating on shares of Affirm in a research note on Thursday, February 26th. Royal Bank Of Canada lowered their target price on Affirm from $87.00 to $77.00 and set a “sector perform” rating for the company in a report on Friday, February 6th. Truist Financial dropped their price target on Affirm from $85.00 to $71.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Finally, Wolfe Research initiated coverage on Affirm in a report on Tuesday, December 9th. They set a “peer perform” rating on the stock. Twenty analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $84.36.

Affirm Price Performance

AFRM stock opened at $46.88 on Monday. The company has a debt-to-equity ratio of 2.58, a current ratio of 11.41 and a quick ratio of 11.41. The company’s 50-day moving average is $60.71 and its 200-day moving average is $70.20. The stock has a market capitalization of $15.62 billion, a PE ratio of 57.88, a price-to-earnings-growth ratio of 1.72 and a beta of 3.61. Affirm Holdings, Inc. has a 1 year low of $30.90 and a 1 year high of $100.00.

Affirm (NASDAQ:AFRM) last issued its earnings results on Thursday, February 5th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.09. Affirm had a return on equity of 8.83% and a net margin of 7.60%.The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the company posted $0.23 EPS. The firm’s revenue was up 29.6% compared to the same quarter last year. Equities research analysts expect that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal 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.