Capstone Capital Management Ltd Purchases Shares of 13,241 Affirm Holdings, Inc. $AFRM

Capstone Capital Management Ltd bought a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,241 shares of the company’s stock, valued at approximately $986,000. Affirm makes up about 0.9% of Capstone Capital Management Ltd’s investment portfolio, making the stock its 24th largest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Federated Hermes Inc. acquired a new stake in shares of Affirm during the third quarter worth about $19,077,000. Resona Asset Management Co. Ltd. acquired a new stake in shares of Affirm during the third quarter worth about $6,036,000. Envestnet Asset Management Inc. increased its position in shares of Affirm by 26.1% during the third quarter. Envestnet Asset Management Inc. now owns 235,152 shares of the company’s stock worth $17,185,000 after purchasing an additional 48,734 shares in the last quarter. Rakuten Investment Management Inc. acquired a new stake in shares of Affirm during the third quarter worth about $7,673,000. Finally, SBI Securities Co. Ltd. increased its position in shares of Affirm by 83.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 48,504 shares of the company’s stock worth $3,610,000 after purchasing an additional 22,054 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Insider Activity at Affirm

In related news, Director Noel Bertram Watson sold 2,000 shares of the firm’s stock in a transaction dated 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 $2,344,940. This trade represents a 5.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.01% of the stock is owned by company insiders.

Affirm Price Performance

Shares of AFRM opened at $64.41 on Tuesday. Affirm Holdings, Inc. has a twelve month low of $42.10 and a twelve month high of $100.00. The stock’s 50 day moving average is $54.94 and its two-hundred day moving average is $62.70. The firm has a market capitalization of $21.57 billion, a PE ratio of 58.55, a P/E/G ratio of 4.17 and a beta of 3.72. The company has a current ratio of 11.32, a quick ratio of 11.32 and a debt-to-equity ratio of 2.39.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.13. Affirm had a return on equity of 11.17% and a net margin of 9.63%.The company had revenue of $943.95 million for the quarter, compared to analyst estimates of $995.27 million. During the same quarter in the previous year, the company earned $0.01 EPS. The firm’s revenue for the quarter was up 32.7% compared to the same quarter last year. Research analysts anticipate that Affirm Holdings, Inc. will post 1.13 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AFRM. Cantor Fitzgerald raised their price target on Affirm from $61.00 to $80.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. The Goldman Sachs Group lowered Affirm from a “buy” rating to a “hold” rating in a report on Tuesday, February 24th. BMO Capital Markets began coverage on Affirm in a report on Tuesday, April 21st. They set an “outperform” rating and a $75.00 price target on the stock. Morgan Stanley set a $79.00 price target on Affirm and gave the stock an “overweight” rating in a report on Sunday, May 10th. Finally, Oppenheimer reissued an “outperform” rating and set a $87.00 price target on shares of Affirm in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.00.

Affirm 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.