Militia Capital Management LLC Acquires New Shares in Affirm Holdings, Inc. $AFRM

Militia Capital Management LLC acquired a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 90,902 shares of the company’s stock, valued at approximately $4,165,000. Affirm accounts for about 0.9% of Militia Capital Management LLC’s portfolio, making the stock its 17th largest position.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Affirm by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 24,847,206 shares of the company’s stock valued at $1,849,378,000 after purchasing an additional 428,138 shares during the last quarter. Capital Research Global Investors raised its stake in shares of Affirm by 0.5% during the 4th quarter. Capital Research Global Investors now owns 23,145,942 shares of the company’s stock worth $1,722,797,000 after buying an additional 104,239 shares during the last quarter. Capital World Investors raised its stake in shares of Affirm by 2.4% during the 4th quarter. Capital World Investors now owns 21,710,914 shares of the company’s stock worth $1,615,953,000 after buying an additional 507,224 shares during the last quarter. Durable Capital Partners LP boosted its position in shares of Affirm by 12.3% in the 2nd quarter. Durable Capital Partners LP now owns 7,389,337 shares of the company’s stock worth $510,899,000 after buying an additional 808,455 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Affirm by 26.7% in the 3rd quarter. State Street Corp now owns 5,641,965 shares of the company’s stock worth $412,315,000 after buying an additional 1,187,665 shares in the last quarter. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AFRM shares. Robert W. Baird increased their price objective on shares of Affirm from $70.00 to $82.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Needham & Company LLC upped their price target on shares of Affirm from $85.00 to $90.00 and gave the company a “buy” rating in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Affirm from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Sanford C. Bernstein assumed coverage on shares of Affirm in a research note on Tuesday. They set an “outperform” rating and a $100.00 price objective for the company. Finally, Compass Point set a $100.00 price objective on Affirm in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $92.63.

Insider Activity

In other news, COO Michael Linford sold 100,000 shares of the stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $80.04, for a total transaction of $8,004,000.00. Following the transaction, the chief operating officer directly owned 117,984 shares in the company, valued at $9,443,439.36. This represents a 45.87% 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. Also, Director Noel Bertram Watson sold 2,000 shares of the stock in a transaction that occurred 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 represents a 5.25% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 11.01% of the company’s stock.

Affirm Stock Performance

Shares of NASDAQ AFRM opened at $73.92 on Thursday. The company has a 50-day simple moving average of $73.76 and a 200-day simple moving average of $63.74. The company has a debt-to-equity ratio of 2.39, a current ratio of 11.32 and a quick ratio of 11.32. The company has a market cap of $24.76 billion, a PE ratio of 67.20, a price-to-earnings-growth ratio of 3.06 and a beta of 3.67. Affirm Holdings, Inc. has a 12 month low of $42.10 and a 12 month high of $100.00.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.13. The business had revenue of $943.95 million during the quarter, compared to the consensus estimate of $995.27 million. Affirm had a return on equity of 11.17% and a net margin of 9.63%.The business’s revenue for the quarter was up 32.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.01 earnings per share. On average, equities analysts anticipate that Affirm Holdings, Inc. will post 1.23 earnings per share for the current year.

Affirm Company 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.