Hel Ved Capital Management Ltd Buys New Shares in Affirm Holdings, Inc. (NASDAQ:AFRM)

Hel Ved Capital Management Ltd bought a new stake in Affirm Holdings, Inc. (NASDAQ:AFRMFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 38,700 shares of the company’s stock, valued at approximately $1,902,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Capital World Investors grew its stake in shares of Affirm by 1.2% during the fourth quarter. Capital World Investors now owns 19,002,021 shares of the company’s stock valued at $933,759,000 after buying an additional 218,720 shares during the last quarter. CIBC Asset Management Inc bought a new position in shares of Affirm during the fourth quarter valued at about $277,000. California State Teachers Retirement System grew its stake in shares of Affirm by 1.8% during the fourth quarter. California State Teachers Retirement System now owns 229,868 shares of the company’s stock valued at $11,296,000 after buying an additional 4,137 shares during the last quarter. Scotia Capital Inc. bought a new position in shares of Affirm during the fourth quarter valued at about $314,000. Finally, Harvest Investment Services LLC grew its stake in shares of Affirm by 214.0% during the fourth quarter. Harvest Investment Services LLC now owns 73,663 shares of the company’s stock valued at $3,620,000 after buying an additional 50,201 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on AFRM shares. The Goldman Sachs Group raised their price objective on Affirm from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Deutsche Bank Aktiengesellschaft raised their target price on Affirm from $24.00 to $35.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Needham & Company LLC reissued a “hold” rating on shares of Affirm in a research note on Thursday, May 9th. Royal Bank of Canada reissued a “sector perform” rating and issued a $43.00 target price on shares of Affirm in a research note on Friday, May 24th. Finally, Wedbush reissued an “underperform” rating and issued a $20.00 target price on shares of Affirm in a research note on Friday, February 9th. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $27.53.

Check Out Our Latest Analysis on AFRM

Insider Activity at Affirm

In related news, Director Keith Rabois sold 9,276 shares of Affirm stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $34.39, for a total transaction of $319,001.64. Following the transaction, the director now owns 78,552 shares in the company, valued at approximately $2,701,403.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 13.05% of the stock is owned by corporate insiders.

Affirm Stock Down 3.7 %

Shares of AFRM stock traded down $1.14 during trading hours on Friday, hitting $30.05. 3,867,737 shares of the company’s stock traded hands, compared to its average volume of 5,434,568. The stock’s fifty day simple moving average is $32.27 and its two-hundred day simple moving average is $37.29. Affirm Holdings, Inc. has a 12-month low of $12.81 and a 12-month high of $52.48. The stock has a market cap of $9.29 billion, a price-to-earnings ratio of -13.48 and a beta of 3.47. The company has a quick ratio of 12.94, a current ratio of 12.94 and a debt-to-equity ratio of 2.43.

Affirm (NASDAQ:AFRMGet Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($0.43) earnings per share for the quarter, beating the consensus estimate of ($0.70) by $0.27. Affirm had a negative net margin of 32.17% and a negative return on equity of 22.06%. The company had revenue of $576.00 million during the quarter, compared to the consensus estimate of $549.99 million. During the same quarter last year, the firm earned ($0.69) earnings per share. The firm’s quarterly revenue was up 51.2% compared to the same quarter last year. On average, analysts expect that Affirm Holdings, Inc. will post -1.98 EPS for the current year.

Affirm Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Affirm (NASDAQ:AFRM)

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