Divisadero Street Capital Management LP Has $9.96 Million Position in Affirm Holdings, Inc. $AFRM

Divisadero Street Capital Management LP raised its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 108.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 136,246 shares of the company’s stock after acquiring an additional 70,880 shares during the quarter. Divisadero Street Capital Management LP’s holdings in Affirm were worth $9,957,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Royal Bank of Canada lifted its stake in shares of Affirm by 2.1% in the 1st quarter. Royal Bank of Canada now owns 193,601 shares of the company’s stock valued at $8,748,000 after purchasing an additional 3,892 shares during the period. Empowered Funds LLC increased its holdings in Affirm by 90.7% in the first quarter. Empowered Funds LLC now owns 16,852 shares of the company’s stock valued at $762,000 after purchasing an additional 8,014 shares during the last quarter. Focus Partners Wealth bought a new stake in Affirm in the first quarter valued at about $243,000. Allworth Financial LP lifted its stake in Affirm by 41.9% in the second quarter. Allworth Financial LP now owns 799 shares of the company’s stock valued at $55,000 after buying an additional 236 shares during the period. Finally, Vise Technologies Inc. bought a new position in Affirm during the second quarter worth about $303,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

Wall Street Analysts Forecast Growth

AFRM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered their price target on Affirm from $94.00 to $79.00 and set an “overweight” rating for the company in a research note on Friday, February 6th. UBS Group set a $78.00 price objective on shares of Affirm in a report on Friday, February 6th. Susquehanna reiterated a “positive” rating and issued a $100.00 target price on shares of Affirm in a report on Friday, February 6th. Oppenheimer reduced their price target on shares of Affirm from $95.00 to $83.00 and set an “outperform” rating on the stock in a research report on Friday, February 6th. Finally, Citigroup reissued a “market outperform” rating on shares of Affirm in a report on Tuesday, February 24th. Twenty analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, Affirm has a consensus rating of “Moderate Buy” and a consensus price target of $84.36.

Affirm Price Performance

NASDAQ AFRM opened at $46.88 on Monday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 11.41 and a current ratio of 11.41. The stock has a market cap of $15.62 billion, a price-to-earnings ratio of 57.88, a PEG ratio of 1.72 and a beta of 3.61. The business has a 50 day simple moving average of $60.71 and a 200 day simple moving average of $70.20. Affirm Holdings, Inc. has a 52-week low of $30.90 and a 52-week high of $100.00.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, February 5th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.09. Affirm had a net margin of 7.60% and a return on equity of 8.83%. The company had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the company earned $0.23 earnings per share. The business’s quarterly revenue was up 29.6% compared to the same quarter last year. Analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Max R. Levchin sold 666,666 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $80.62, for a total value of $53,746,612.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Robert O’hare sold 36,401 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $80.00, for a total value of $2,912,080.00. Following the transaction, the chief financial officer directly owned 1,368 shares of the company’s stock, valued at $109,440. This represents a 96.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 11.01% of the stock is currently owned by corporate insiders.

Affirm Company 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.