Capital Impact Advisors LLC Boosts Position in Affirm Holdings, Inc. $AFRM

Capital Impact Advisors LLC grew its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 350.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 731,252 shares of the company’s stock after buying an additional 568,827 shares during the period. Affirm makes up 4.3% of Capital Impact Advisors LLC’s investment portfolio, making the stock its 4th largest holding. Capital Impact Advisors LLC’s holdings in Affirm were worth $54,427,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Royal Bank of Canada lifted its holdings in shares of 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 in the last quarter. Empowered Funds LLC lifted its holdings in shares of Affirm by 90.7% in 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 in the last quarter. Focus Partners Wealth bought a new position in shares of Affirm in the 1st quarter worth $243,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Affirm by 18.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,738 shares of the company’s stock worth $189,000 after purchasing an additional 427 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Affirm by 44.8% in the 2nd quarter. First Trust Advisors LP now owns 191,525 shares of the company’s stock worth $13,242,000 after purchasing an additional 59,297 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors.

Affirm Price Performance

Shares of NASDAQ:AFRM opened at $70.73 on Thursday. The company has a current ratio of 11.32, a quick ratio of 11.32 and a debt-to-equity ratio of 2.39. The stock’s fifty day simple moving average is $64.54 and its two-hundred day simple moving average is $62.43. Affirm Holdings, Inc. has a 1-year low of $42.10 and a 1-year high of $100.00. The stock has a market cap of $23.69 billion, a PE ratio of 64.30, a price-to-earnings-growth ratio of 4.30 and a beta of 3.70.

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

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AFRM. Compass Point reiterated a “buy” rating and issued a $68.00 target price on shares of Affirm in a report on Wednesday, February 18th. Mizuho increased their target price on Affirm from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, May 14th. BMO Capital Markets began coverage on Affirm in a report on Tuesday, April 21st. They issued an “outperform” rating and a $75.00 target price on the stock. Zacks Research cut Affirm from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. increased their target price on Affirm from $79.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Affirm has an average rating of “Moderate Buy” and a consensus price target of $86.20.

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.