Moore Capital Management LP Raises Stock Holdings in Affirm Holdings, Inc. $AFRM

Moore Capital Management LP boosted its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 662.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 323,872 shares of the company’s stock after purchasing an additional 281,372 shares during the quarter. Moore Capital Management LP owned about 0.10% of Affirm worth $24,106,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of AFRM. Norges Bank purchased a new position in Affirm during the 4th quarter worth $281,961,000. Invesco Ltd. increased its holdings in Affirm by 294.2% during the 3rd quarter. Invesco Ltd. now owns 4,333,691 shares of the company’s stock worth $316,706,000 after purchasing an additional 3,234,260 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Affirm by 11,042.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,161,278 shares of the company’s stock worth $157,004,000 after purchasing an additional 2,141,881 shares during the period. Atreides Management LP increased its holdings in Affirm by 543.3% during the 2nd quarter. Atreides Management LP now owns 1,977,882 shares of the company’s stock worth $136,751,000 after purchasing an additional 1,670,429 shares during the period. Finally, State Street Corp increased its holdings in Affirm by 26.7% during the 3rd quarter. State Street Corp now owns 5,641,965 shares of the company’s stock worth $412,315,000 after purchasing an additional 1,187,665 shares during the period. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Affirm Trading Down 5.3%

NASDAQ:AFRM opened at $70.73 on Thursday. Affirm Holdings, Inc. has a 52 week low of $42.10 and a 52 week high of $100.00. The firm has a 50 day moving average of $64.54 and a 200 day moving average of $62.43. The company has a quick ratio of 11.32, a current ratio of 11.32 and a debt-to-equity ratio of 2.39. The stock has a market capitalization of $23.69 billion, a price-to-earnings ratio of 64.30, a PEG ratio of 4.30 and a beta of 3.70.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.13. Affirm had a return on equity of 11.17% and a net margin of 9.63%.The firm had revenue of $943.95 million during the quarter, compared to analysts’ expectations of $995.27 million. During the same quarter last year, the firm earned $0.01 EPS. The business’s quarterly revenue was up 32.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Affirm Holdings, Inc. will post 1.25 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Affirm news, Director Noel Bertram Watson sold 2,000 shares of the 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 completion of the sale, the director directly owned 36,076 shares in the company, valued at approximately $2,344,940. This trade represents a 5.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 11.01% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on AFRM. Bank of America raised their price objective on Affirm from $82.00 to $88.00 and gave the stock a “buy” rating in a report on Monday, May 11th. BTIG Research restated a “neutral” rating on shares of Affirm in a report on Tuesday, May 26th. Cantor Fitzgerald raised their price objective on Affirm from $61.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Zacks Research downgraded Affirm from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 29th. Finally, Royal Bank Of Canada boosted their price target on Affirm from $77.00 to $80.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Affirm currently has an average rating of “Moderate Buy” and a consensus price target of $86.20.

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.