42,850 Shares in Affirm Holdings, Inc. $AFRM Purchased by Neo Ivy Capital Management

Neo Ivy Capital Management purchased a new position in Affirm Holdings, Inc. (NASDAQ:AFRM) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 42,850 shares of the company’s stock, valued at approximately $3,131,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Intellectus Partners LLC purchased a new stake in shares of Affirm in the 3rd quarter valued at $311,000. Orion Porfolio Solutions LLC lifted its position in Affirm by 10.8% during the third quarter. Orion Porfolio Solutions LLC now owns 9,584 shares of the company’s stock valued at $700,000 after purchasing an additional 935 shares during the period. Cresset Asset Management LLC boosted its holdings in Affirm by 6.8% in the third quarter. Cresset Asset Management LLC now owns 17,461 shares of the company’s stock valued at $1,276,000 after purchasing an additional 1,111 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Affirm by 19.4% in the third quarter. Victory Capital Management Inc. now owns 83,360 shares of the company’s stock valued at $6,092,000 after purchasing an additional 13,532 shares during the last quarter. Finally, CI Investments Inc. raised its stake in shares of Affirm by 131.1% during the 3rd quarter. CI Investments Inc. now owns 929 shares of the company’s stock valued at $68,000 after buying an additional 527 shares during the last quarter. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Affirm Stock Performance

Shares of Affirm stock opened at $51.70 on Friday. The business has a 50-day simple moving average of $63.30 and a 200-day simple moving average of $71.24. The company has a debt-to-equity ratio of 2.58, a quick ratio of 11.41 and a current ratio of 11.41. Affirm Holdings, Inc. has a one year low of $30.90 and a one year high of $100.00. The company has a market cap of $17.22 billion, a PE ratio of 63.83, a P/E/G ratio of 1.93 and a beta of 3.61.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.09. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.06 billion. Affirm had a net margin of 7.60% and a return on equity of 8.83%. The firm’s quarterly revenue was up 29.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.23 earnings per share. On average, equities research analysts forecast that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Analyst Ratings Changes

AFRM has been the topic of a number of recent research reports. Truist Financial lowered their target price on Affirm from $85.00 to $71.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Wall Street Zen cut shares of Affirm from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd. UBS Group set a $78.00 price target on shares of Affirm in a report on Friday, February 6th. The Goldman Sachs Group downgraded shares of Affirm from a “buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, Needham & Company LLC cut their price target on Affirm from $100.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Twenty investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Affirm currently has an average rating of “Moderate Buy” and an average target price of $84.36.

Insider Transactions at Affirm

In other news, CFO Robert O’hare sold 36,401 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $80.00, for a total transaction of $2,912,080.00. Following the sale, the chief financial officer owned 1,368 shares of the company’s stock, valued at approximately $109,440. This trade represents a 96.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Max R. Levchin sold 666,666 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $80.62, for a total value of $53,746,612.92. Additional details regarding this sale are available in the official SEC disclosure. 11.01% of the stock is owned by insiders.

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.