Jefferies Financial Group Inc. Lowers Position in Affirm Holdings, Inc. $AFRM

Jefferies Financial Group Inc. lessened its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 49.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 86,140 shares of the company’s stock after selling 85,129 shares during the period. Jefferies Financial Group Inc.’s holdings in Affirm were worth $6,411,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. White Lighthouse Investment Management Inc. raised its position in Affirm by 21.9% during the fourth quarter. White Lighthouse Investment Management Inc. now owns 7,111 shares of the company’s stock valued at $529,000 after purchasing an additional 1,276 shares in the last quarter. Steadview Capital Management LLC raised its position in Affirm by 1,612.1% during the fourth quarter. Steadview Capital Management LLC now owns 227,705 shares of the company’s stock valued at $16,948,000 after purchasing an additional 214,405 shares in the last quarter. BloombergSen Inc. bought a new position in shares of Affirm during the fourth quarter valued at about $1,138,000. Global Retirement Partners LLC grew its stake in shares of Affirm by 118.5% during the fourth quarter. Global Retirement Partners LLC now owns 2,618 shares of the company’s stock valued at $195,000 after buying an additional 1,420 shares during the last quarter. Finally, Leonteq Securities AG bought a new position in shares of Affirm during the fourth quarter valued at about $517,000. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AFRM shares. BTIG Research reissued a “neutral” rating on shares of Affirm in a research note on Thursday, February 26th. JPMorgan Chase & Co. raised their target price on Affirm from $79.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Needham & Company LLC raised their target price on Affirm from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Cantor Fitzgerald raised their target price on Affirm from $61.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Finally, Robert W. Baird set a $70.00 target price on Affirm in a research note on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.00.

Insider Activity

In other news, Director Noel Bertram Watson sold 2,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $65.00, for a total transaction of $130,000.00. Following the completion of the sale, the director owned 36,076 shares of the company’s stock, valued at $2,344,940. The trade was a 5.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, 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 currently owned by insiders.

Affirm Price Performance

Shares of NASDAQ AFRM opened at $65.22 on Tuesday. Affirm Holdings, Inc. has a twelve month low of $42.10 and a twelve month high of $100.00. The firm has a market cap of $21.84 billion, a P/E ratio of 59.29, a PEG ratio of 3.88 and a beta of 3.72. The company has a 50 day moving average of $56.55 and a 200 day moving average of $62.51. The company has a quick ratio of 11.32, a current ratio of 11.32 and a debt-to-equity ratio of 2.39.

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

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.