Inceptionr LLC Invests $405,000 in Affirm Holdings, Inc. $AFRM

Inceptionr LLC bought a new position in Affirm Holdings, Inc. (NASDAQ:AFRM) in the first quarter, HoldingsChannel reports. The fund bought 8,844 shares of the company’s stock, valued at approximately $405,000.

Several other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. grew its holdings in Affirm by 83.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 48,504 shares of the company’s stock valued at $3,610,000 after purchasing an additional 22,054 shares during the period. Capelight Capital Asset Management LP bought a new stake in shares of Affirm in the fourth quarter valued at $4,912,000. Geode Capital Management LLC lifted its position in shares of Affirm by 6.4% during the 4th quarter. Geode Capital Management LLC now owns 5,501,387 shares of the company’s stock valued at $408,433,000 after buying an additional 329,312 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Affirm by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 24,847,206 shares of the company’s stock valued at $1,849,378,000 after buying an additional 428,138 shares during the last quarter. Finally, J. Safra Sarasin Holding AG bought a new position in shares of Affirm during the 4th quarter worth $2,861,000. 69.29% of the stock is currently owned by institutional investors.

Affirm Stock Performance

Shares of AFRM opened at $70.23 on Monday. The stock’s 50-day simple moving average is $73.92 and its 200 day simple moving average is $63.64. The stock has a market capitalization of $23.52 billion, a price-to-earnings ratio of 63.85, a price-to-earnings-growth ratio of 2.86 and a beta of 3.67. 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 52-week low of $42.10 and a 52-week high of $100.00.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, May 7th. The company reported $0.30 earnings per share for the quarter, beating 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 business had revenue of $943.95 million during the quarter, compared to analyst estimates of $995.27 million. During the same quarter in the previous year, the firm earned $0.01 EPS. The company’s quarterly revenue was up 32.7% compared to the same quarter last year. Research analysts forecast that Affirm Holdings, Inc. will post 1.23 EPS for the current fiscal year.

Insider Buying and Selling

In other Affirm news, COO Michael Linford sold 100,000 shares of the stock in a transaction that occurred on 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 sale, the chief operating officer directly owned 117,984 shares in the company, valued at $9,443,439.36. This represents a 45.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Noel Bertram Watson sold 2,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $65.00, for a total transaction of $130,000.00. Following the completion of the transaction, the director directly owned 36,076 shares of the company’s stock, valued at approximately $2,344,940. The trade was a 5.25% 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. 11.01% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AFRM has been the subject of several recent research reports. TD Cowen lifted their price objective on Affirm from $90.00 to $117.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Sanford C. Bernstein initiated coverage on shares of Affirm in a report on Tuesday, July 21st. They set an “outperform” rating and a $100.00 price objective on the stock. Barclays assumed coverage on shares of Affirm in a research note on Wednesday, July 8th. They issued an “overweight” rating and a $97.00 target price for the company. Compass Point set a $100.00 price target on shares of Affirm in a research report on Friday, July 17th. Finally, The Goldman Sachs Group boosted their price target on shares of Affirm from $90.00 to $106.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $92.74.

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.