Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Acquired by Soros Capital Management LLC

Soros Capital Management LLC increased its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 96.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 220,300 shares of the company’s stock after acquiring an additional 108,300 shares during the period. Affirm makes up approximately 2.1% of Soros Capital Management LLC’s holdings, making the stock its 16th largest holding. Soros Capital Management LLC’s holdings in Affirm were worth $13,416,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. lifted its position in shares of Affirm by 356.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock worth $32,000 after purchasing an additional 410 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Affirm during the fourth quarter worth about $33,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Affirm in the fourth quarter worth about $43,000. Creative Financial Designs Inc. ADV boosted its holdings in Affirm by 640.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 740 shares of the company’s stock valued at $45,000 after purchasing an additional 640 shares during the last quarter. Finally, Prestige Wealth Management Group LLC grew its stake in Affirm by 78.1% during the 4th quarter. Prestige Wealth Management Group LLC now owns 757 shares of the company’s stock valued at $46,000 after purchasing an additional 332 shares in the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Affirm Stock Up 3.2 %

AFRM stock opened at $42.07 on Monday. The firm’s 50-day moving average is $52.84 and its two-hundred day moving average is $56.26. The company has a market capitalization of $13.38 billion, a price-to-earnings ratio of -64.72 and a beta of 3.68. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $82.53. The company has a current ratio of 11.26, a quick ratio of 11.26 and a debt-to-equity ratio of 2.68.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.44. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. On average, analysts forecast that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AFRM. Royal Bank of Canada increased their target price on Affirm from $67.00 to $81.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th. Susquehanna lowered shares of Affirm from a “positive” rating to a “neutral” rating and set a $57.00 target price on the stock. in a research note on Tuesday, January 21st. Compass Point raised Affirm from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $61.00 to $64.00 in a report on Wednesday, March 19th. JMP Securities lifted their target price on Affirm from $78.00 to $85.00 and gave the stock a “market outperform” rating in a research report on Friday, February 7th. Finally, Morgan Stanley upped their price target on Affirm from $39.00 to $55.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.74.

Insider Transactions at Affirm

In other Affirm news, Director Keith Rabois sold 16,088 shares of Affirm stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $63.97, for a total transaction of $1,029,149.36. Following the transaction, the director now directly owns 61,520 shares in the company, valued at approximately $3,935,434.40. The trade was a 20.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Noel Bertram Watson sold 2,500 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $45.78, for a total value of $114,450.00. Following the sale, the director now owns 38,997 shares of the company’s stock, valued at $1,785,282.66. The trade was a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,762 shares of company stock valued at $3,241,246 in the last three months. 12.41% of the stock is currently owned by corporate insiders.

About Affirm

Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States, Canada, and internationally. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time with terms ranging up to 60 months.