GSA Capital Partners LLP Buys New Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

GSA Capital Partners LLP purchased a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 33,628 shares of the company’s stock, valued at approximately $1,373,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dragoneer Investment Group LLC bought a new position in Affirm during the 2nd quarter valued at $45,219,000. Vanguard Group Inc. boosted its holdings in Affirm by 6.8% during the first quarter. Vanguard Group Inc. now owns 20,823,803 shares of the company’s stock worth $775,895,000 after buying an additional 1,316,901 shares in the last quarter. Artemis Investment Management LLP acquired a new position in shares of Affirm in the 3rd quarter worth $30,808,000. Jupiter Asset Management Ltd. purchased a new stake in shares of Affirm during the first quarter valued at $20,150,000. Finally, Bank of Montreal Can boosted its position in shares of Affirm by 2,305.3% in the 2nd quarter. Bank of Montreal Can now owns 195,936 shares of the company’s stock valued at $6,466,000 after purchasing an additional 187,790 shares during the period. 69.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on AFRM shares. The Goldman Sachs Group upped their price objective on shares of Affirm from $46.00 to $54.00 and gave the company a “buy” rating in a research note on Monday, October 14th. JPMorgan Chase & Co. raised their price objective on shares of Affirm from $47.00 to $56.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. BTIG Research raised shares of Affirm from a “neutral” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Tuesday, October 8th. Morgan Stanley raised Affirm from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $22.00 to $37.00 in a research report on Wednesday, October 9th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Affirm in a research report on Friday, September 6th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $46.03.

Insiders Place Their Bets

In other news, Director Christa S. Quarles sold 14,400 shares of Affirm stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $40.02, for a total value of $576,288.00. Following the transaction, the director now owns 141,903 shares of the company’s stock, valued at $5,678,958.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Christa S. Quarles sold 14,400 shares of Affirm stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $40.02, for a total value of $576,288.00. Following the transaction, the director now directly owns 141,903 shares in the company, valued at approximately $5,678,958.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Katherine Adkins sold 200,000 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $55.05, for a total value of $11,010,000.00. Following the sale, the insider now owns 93,545 shares of the company’s stock, valued at approximately $5,149,652.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 403,738 shares of company stock valued at $21,115,878 over the last 90 days. 12.41% of the stock is currently owned by company insiders.

Affirm Stock Down 4.8 %

Affirm stock opened at $54.82 on Thursday. The company has a market capitalization of $17.06 billion, a P/E ratio of -38.61 and a beta of 3.47. Affirm Holdings, Inc. has a 1-year low of $22.25 and a 1-year high of $59.27. The firm’s fifty day simple moving average is $43.86 and its 200-day simple moving average is $35.38. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.05. The company had revenue of $698.48 million during the quarter, compared to analysts’ expectations of $661.39 million. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. During the same quarter in the previous year, the firm earned ($0.57) earnings per share. Sell-side analysts forecast that Affirm Holdings, Inc. will post -0.6 earnings per share for the current fiscal year.

Affirm Profile

Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States, Canada, and internationally. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time with terms ranging up to 60 months.