14,000 Shares in Affirm Holdings, Inc. $AFRM Bought by Pacific Sage Partners LLC

Pacific Sage Partners LLC bought a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 14,000 shares of the company’s stock, valued at approximately $1,042,000.

Other hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada grew its position in Affirm by 2.1% in the 1st quarter. Royal Bank of Canada now owns 193,601 shares of the company’s stock worth $8,748,000 after purchasing an additional 3,892 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Affirm by 90.7% during the 1st quarter. Empowered Funds LLC now owns 16,852 shares of the company’s stock worth $762,000 after purchasing an additional 8,014 shares during the period. Focus Partners Wealth acquired a new position in shares of Affirm during the first quarter valued at about $243,000. Prudential Financial Inc. lifted its stake in shares of Affirm by 10.2% in the second quarter. Prudential Financial Inc. now owns 17,985 shares of the company’s stock valued at $1,243,000 after buying an additional 1,670 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Affirm by 178.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 7,458 shares of the company’s stock valued at $516,000 after buying an additional 4,780 shares during the period. 69.29% of the stock is owned by institutional investors.

Affirm Stock Performance

Affirm stock opened at $46.31 on Friday. The firm has a market capitalization of $15.43 billion, a P/E ratio of 57.17, a P/E/G ratio of 1.69 and a beta of 3.63. The stock has a fifty day moving average price of $51.90 and a two-hundred day moving average price of $66.49. Affirm Holdings, Inc. has a 52-week low of $30.90 and a 52-week high of $100.00. The company has a debt-to-equity ratio of 2.58, a current ratio of 11.41 and a quick ratio of 11.41.

Affirm (NASDAQ:AFRM) last issued its earnings results on Thursday, February 5th. The company reported $0.37 EPS 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 for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the company earned $0.23 EPS. The firm’s revenue for the quarter was up 29.6% compared to the same quarter last year. As a group, analysts anticipate that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Insider Transactions at Affirm

In other news, CFO Robert O’hare sold 36,401 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $80.00, for a total transaction of $2,912,080.00. Following the completion of the sale, the chief financial officer owned 1,368 shares of the company’s stock, valued at approximately $109,440. This trade represents a 96.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Max R. Levchin sold 666,666 shares of Affirm stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $80.62, for a total transaction of $53,746,612.92. The SEC filing for this sale provides additional information. 11.01% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on AFRM. Bank of America began coverage on Affirm in a research note on Thursday, March 5th. They set a “buy” rating and a $82.00 price target on the stock. Truist Financial reduced their price objective on Affirm from $85.00 to $71.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Needham & Company LLC lowered their price objective on Affirm from $100.00 to $85.00 and set a “buy” rating on the stock in a research report on Friday, February 6th. TD Cowen restated a “buy” rating on shares of Affirm in a research note on Friday, February 6th. Finally, UBS Group set a $78.00 target price on Affirm in a research report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Affirm presently has an average rating of “Moderate Buy” and a consensus price target of $85.00.

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.