Inceptionr LLC Purchases Shares of 8,844 Affirm Holdings, Inc. $AFRM

Inceptionr LLC bought a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 8,844 shares of the company’s stock, valued at approximately $405,000.

Several other hedge funds have also bought and sold shares of the company. Mount Vernon Associates Inc. MD lifted its position in shares of Affirm by 0.5% in the fourth quarter. Mount Vernon Associates Inc. MD now owns 42,925 shares of the company’s stock valued at $3,195,000 after buying an additional 200 shares during the last quarter. Fifth Third Bancorp raised its stake in Affirm by 63.6% in the 4th quarter. Fifth Third Bancorp now owns 522 shares of the company’s stock valued at $39,000 after acquiring an additional 203 shares during the period. Rakuten Securities Inc. raised its stake in Affirm by 1.3% in the 4th quarter. Rakuten Securities Inc. now owns 16,622 shares of the company’s stock valued at $1,237,000 after acquiring an additional 206 shares during the period. UMB Bank n.a. lifted its holdings in Affirm by 36.6% during the 4th 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. Finally, Larson Financial Group LLC lifted its holdings in Affirm by 74.5% during the 3rd quarter. Larson Financial Group LLC now owns 499 shares of the company’s stock valued at $36,000 after purchasing an additional 213 shares during the last quarter. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO Michael Linford sold 100,000 shares of the business’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $80.04, for a total value of $8,004,000.00. Following the completion of the transaction, the chief operating officer owned 117,984 shares of the company’s stock, valued at $9,443,439.36. The trade was a 45.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Noel Bertram Watson sold 2,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $65.00, for a total transaction of $130,000.00. Following the sale, the director directly owned 36,076 shares of the company’s stock, valued at $2,344,940. This represents a 5.25% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 11.01% of the company’s stock.

Affirm Price Performance

AFRM opened at $70.23 on Monday. Affirm Holdings, Inc. has a fifty-two week low of $42.10 and a fifty-two week high of $100.00. 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 capitalization of $23.52 billion, a P/E ratio of 63.85, a P/E/G ratio of 2.86 and a beta of 3.67. The stock has a fifty day moving average of $73.92 and a 200-day moving average of $63.64.

Affirm (NASDAQ:AFRM) last announced its earnings results on Thursday, May 7th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.17 by $0.13. Affirm had a net margin of 9.63% and a return on equity of 11.17%. The company had revenue of $943.95 million for the quarter, compared to analysts’ expectations of $995.27 million. During the same period last year, the firm earned $0.01 earnings per share. The business’s revenue for the quarter was up 32.7% on a year-over-year basis. On average, equities analysts expect that Affirm Holdings, Inc. will post 1.23 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on AFRM. Wells Fargo & Company upped their price objective on shares of Affirm from $89.00 to $96.00 and gave the company an “overweight” rating in a report on Wednesday, July 8th. Citizens Jmp reduced their target price on shares of Affirm from $105.00 to $85.00 and set a “market outperform” rating for the company in a report on Friday, April 17th. Oppenheimer reiterated an “outperform” rating and issued a $87.00 price target on shares of Affirm in a research note on Friday, May 8th. Royal Bank Of Canada increased their price target on shares of Affirm from $77.00 to $80.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. Finally, Cantor Fitzgerald raised their price objective on shares of Affirm from $80.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.