Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Purchased by Two Sigma Investments LP

Two Sigma Investments LP boosted its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 48.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 822,333 shares of the company’s stock after acquiring an additional 267,539 shares during the quarter. Two Sigma Investments LP owned about 0.26% of Affirm worth $50,080,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. purchased a new position in shares of Affirm in the fourth quarter worth about $28,000. Geneos Wealth Management Inc. raised its position in Affirm by 356.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock worth $32,000 after buying an additional 410 shares during the last quarter. R Squared Ltd acquired a new stake in Affirm during the 4th quarter valued at approximately $33,000. Coppell Advisory Solutions LLC acquired a new stake in Affirm during the 4th quarter valued at approximately $40,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in shares of Affirm in the 4th quarter valued at $43,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

Wall Street Analysts Forecast Growth

AFRM has been the subject of a number of research reports. Wells Fargo & Company decreased their target price on shares of Affirm from $85.00 to $67.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. JMP Securities decreased their price objective on Affirm from $85.00 to $75.00 and set a “market outperform” rating for the company in a report on Friday, May 9th. Royal Bank of Canada raised their target price on Affirm from $67.00 to $81.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. BMO Capital Markets reissued an “outperform” rating and issued a $69.00 price target on shares of Affirm in a report on Thursday, March 20th. Finally, TD Cowen initiated coverage on Affirm in a research report on Tuesday, April 8th. They issued a “buy” rating and a $50.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $65.05.

Affirm Stock Down 1.6%

AFRM stock opened at $51.71 on Tuesday. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $82.53. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68. The firm has a 50-day simple moving average of $46.72 and a 200-day simple moving average of $57.24. The stock has a market capitalization of $16.68 billion, a P/E ratio of -79.55 and a beta of 3.66.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.10. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. The company had revenue of $783.14 million during the quarter, compared to analyst estimates of $782.98 million. During the same period in the previous year, the business earned ($0.43) EPS. Affirm’s quarterly revenue was up 35.9% on a year-over-year basis. Equities analysts forecast that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Noel Bertram Watson sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $45.78, for a total value of $114,450.00. Following the completion of the sale, the director now directly owns 38,997 shares in the company, valued at $1,785,282.66. This represents a 6.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Keith Rabois sold 16,088 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $63.97, for a total value of $1,029,149.36. Following the completion of the sale, the director now directly owns 61,520 shares of the company’s stock, valued at approximately $3,935,434.40. This represents a 20.73% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,765 shares of company stock worth $2,694,694. 12.41% of the stock is owned by corporate insiders.

Affirm Company Profile

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.