Affirm Holdings, Inc. $AFRM Shares Purchased by Pacific Heights Asset Management LLC

Pacific Heights Asset Management LLC raised its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 17.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 440,000 shares of the company’s stock after buying an additional 65,000 shares during the quarter. Affirm comprises about 1.4% of Pacific Heights Asset Management LLC’s portfolio, making the stock its 14th biggest holding. Pacific Heights Asset Management LLC’s holdings in Affirm were worth $32,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in the stock. Yousif Capital Management LLC raised its stake in shares of Affirm by 5.1% in the 3rd quarter. Yousif Capital Management LLC now owns 3,243 shares of the company’s stock valued at $237,000 after acquiring an additional 158 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Affirm by 13.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,471 shares of the company’s stock worth $108,000 after purchasing an additional 171 shares during the period. GAMMA Investing LLC increased its holdings in Affirm by 4.4% in the 3rd quarter. GAMMA Investing LLC now owns 4,850 shares of the company’s stock valued at $354,000 after purchasing an additional 206 shares during the last quarter. Apollon Wealth Management LLC raised its position in Affirm by 3.5% in the third quarter. Apollon Wealth Management LLC now owns 6,335 shares of the company’s stock valued at $463,000 after purchasing an additional 212 shares during the period. Finally, Allworth Financial LP raised its position in Affirm by 41.9% in the second quarter. Allworth Financial LP now owns 799 shares of the company’s stock valued at $55,000 after purchasing an additional 236 shares during the period. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Affirm Stock Performance

Shares of Affirm stock opened at $74.76 on Tuesday. The business has a 50-day simple moving average of $72.59 and a 200-day simple moving average of $74.49. The company has a debt-to-equity ratio of 2.40, a quick ratio of 12.80 and a current ratio of 12.80. 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 $24.68 billion, a PE ratio of 111.58, a P/E/G ratio of 3.38 and a beta of 3.57.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.12. Affirm had a net margin of 6.74% and a return on equity of 7.75%. The company had revenue of $933.34 million during the quarter, compared to the consensus estimate of $881.83 million. During the same quarter in the previous year, the firm earned ($0.31) earnings per share. The firm’s quarterly revenue was up 33.6% on a year-over-year basis. On average, equities research analysts forecast that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on AFRM. TD Cowen lowered their price target on Affirm from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Evercore ISI reissued an “outperform” rating on shares of Affirm in a research note on Tuesday, December 16th. Wolfe Research started coverage on Affirm in a research report on Tuesday, December 9th. They issued a “peer perform” rating for the company. Citigroup upgraded shares of Affirm to a “strong-buy” rating in a research note on Thursday, October 23rd. Finally, BTIG Research reissued a “neutral” rating on shares of Affirm in a research report on Wednesday, December 17th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, Affirm has an average rating of “Moderate Buy” and an average target price of $89.17.

Insider Buying and Selling at Affirm

In other Affirm news, CEO Max R. Levchin sold 666,666 shares of Affirm stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $80.62, for a total transaction of $53,746,612.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert O’hare sold 36,401 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $80.00, for a total value 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. The trade was a 96.38% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 711,256 shares of company stock valued at $57,231,923. Corporate insiders own 11.01% of the company’s stock.

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.