Dockside LLC Invests $1.87 Million in Affirm Holdings, Inc. $AFRM

Dockside LLC purchased a new position in Affirm Holdings, Inc. (NASDAQ:AFRM) in the fourth quarter, HoldingsChannel reports. The firm purchased 25,067 shares of the company’s stock, valued at approximately $1,866,000.

A number of other institutional investors also recently made changes to their positions in the stock. Assetmark Inc. lifted its stake in shares of Affirm by 111.3% in the 3rd quarter. Assetmark Inc. now owns 338 shares of the company’s stock worth $25,000 after acquiring an additional 178 shares during the period. Mount Vernon Associates Inc. MD lifted its stake in Affirm by 0.5% during the fourth quarter. Mount Vernon Associates Inc. MD now owns 42,925 shares of the company’s stock valued at $3,195,000 after purchasing an additional 200 shares during the last quarter. Fifth Third Bancorp lifted its stake in Affirm by 63.6% during the fourth quarter. Fifth Third Bancorp now owns 522 shares of the company’s stock valued at $39,000 after purchasing an additional 203 shares during the last quarter. Rakuten Securities Inc. lifted its stake in Affirm by 1.3% during the fourth quarter. Rakuten Securities Inc. now owns 16,622 shares of the company’s stock valued at $1,237,000 after purchasing an additional 206 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in Affirm by 36.6% during the fourth quarter. UMB Bank n.a. now owns 783 shares of the company’s stock valued at $58,000 after purchasing an additional 210 shares during the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

Affirm Stock Down 0.5%

Shares of NASDAQ:AFRM opened at $66.17 on Friday. The company has a debt-to-equity ratio of 2.39, a quick ratio of 11.32 and a current ratio of 11.32. The company has a market cap of $22.16 billion, a PE ratio of 60.15, a price-to-earnings-growth ratio of 3.81 and a beta of 3.70. 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 simple moving average of $63.02 and a 200 day simple moving average of $62.38.

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on AFRM shares. Compass Point reissued a “buy” rating and set a $68.00 target price on shares of Affirm in a research note on Wednesday, February 18th. Robert W. Baird set a $70.00 target price on shares of Affirm in a research note on Friday, May 8th. BTIG Research reissued a “neutral” rating on shares of Affirm in a research note on Tuesday, May 26th. Citigroup reissued a “buy” rating on shares of Affirm in a research note on Wednesday, April 15th. Finally, Needham & Company LLC increased their target price on shares of Affirm from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, May 8th. One 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 MarketBeat, Affirm currently has an average rating of “Moderate Buy” and an average price target of $86.20.

Insider Activity at Affirm

In related news, Director Noel Bertram Watson sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $65.00, for a total value of $130,000.00. Following the completion of the sale, the director owned 36,076 shares in the company, valued at approximately $2,344,940. This represents a 5.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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.

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.