Evolutionary Tree Capital Management LLC Has $1.13 Million Stock Holdings in Affirm Holdings, Inc. $AFRM

Evolutionary Tree Capital Management LLC decreased its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 26.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 24,574 shares of the company’s stock after selling 8,739 shares during the period. Affirm makes up 2.1% of Evolutionary Tree Capital Management LLC’s holdings, making the stock its 24th largest position. Evolutionary Tree Capital Management LLC’s holdings in Affirm were worth $1,126,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Mount Vernon Associates Inc. MD boosted its position in shares of Affirm by 0.5% in the 4th quarter. Mount Vernon Associates Inc. MD now owns 42,925 shares of the company’s stock worth $3,195,000 after purchasing an additional 200 shares during the last quarter. Fifth Third Bancorp increased its holdings in Affirm by 63.6% in the fourth quarter. Fifth Third Bancorp now owns 522 shares of the company’s stock valued at $39,000 after purchasing an additional 203 shares during the last quarter. Rakuten Securities Inc. increased its holdings in Affirm by 1.3% in the fourth quarter. Rakuten Securities Inc. now owns 16,622 shares of the company’s stock valued at $1,237,000 after purchasing an additional 206 shares during the last quarter. UMB Bank n.a. lifted its stake in Affirm by 36.6% in the fourth quarter. UMB Bank n.a. now owns 783 shares of the company’s stock valued at $58,000 after buying an additional 210 shares during the period. Finally, Larson Financial Group LLC lifted its stake in Affirm by 74.5% in the third quarter. Larson Financial Group LLC now owns 499 shares of the company’s stock valued at $36,000 after buying an additional 213 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Insider Buying and Selling

In other Affirm news, Director Noel Bertram Watson sold 2,000 shares of Affirm stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $65.00, for a total value of $130,000.00. Following the transaction, the director owned 36,076 shares of the company’s stock, valued at approximately $2,344,940. The trade was a 5.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Michael Linford sold 100,000 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief operating officer owned 117,984 shares of the company’s stock, valued at $9,443,439.36. This trade represents a 45.87% 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. 11.01% of the stock is currently owned by corporate insiders.

Affirm Stock Down 2.4%

Shares of Affirm stock opened at $71.51 on Friday. Affirm Holdings, Inc. has a 1 year low of $42.10 and a 1 year high of $100.00. The business has a 50-day moving average of $74.54 and a two-hundred day moving average of $63.42. The company has a market capitalization of $23.95 billion, a P/E ratio of 65.01, a price-to-earnings-growth ratio of 2.98 and a beta of 3.67. The company has a debt-to-equity ratio of 2.39, a current ratio of 11.32 and a quick ratio of 11.32.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.13. Affirm had a return on equity of 11.17% and a net margin of 9.63%.The company had revenue of $943.95 million for the quarter, compared to analyst estimates of $995.27 million. During the same quarter last year, the firm posted $0.01 earnings per share. Affirm’s revenue was up 32.7% compared to the same quarter last year. As a group, equities analysts predict that Affirm Holdings, Inc. will post 1.23 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on AFRM. UBS Group boosted their target price on Affirm from $78.00 to $82.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. The Goldman Sachs Group increased their price target on shares of Affirm from $90.00 to $106.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Barclays began coverage on shares of Affirm in a research note on Wednesday, July 8th. They set an “overweight” rating and a $97.00 price objective on the stock. Piper Sandler began coverage on shares of Affirm in a report on Monday, June 29th. They set an “overweight” rating and a $103.00 price objective for the company. Finally, Zacks Research raised shares of Affirm from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 27th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Affirm currently has a consensus rating of “Moderate Buy” and an average price target of $92.74.

Affirm 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.