13,300 Shares in Affirm Holdings, Inc. $AFRM Bought by Steadview Capital Management LLC

Steadview Capital Management LLC purchased a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 13,300 shares of the company’s stock, valued at approximately $972,000. Affirm comprises approximately 0.1% of Steadview Capital Management LLC’s portfolio, making the stock its 12th largest holding.

Other hedge funds also recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in shares of Affirm by 2.1% in the 1st quarter. Royal Bank of Canada now owns 193,601 shares of the company’s stock valued at $8,748,000 after purchasing an additional 3,892 shares during the last quarter. Empowered Funds LLC lifted its stake in Affirm by 90.7% in the first quarter. Empowered Funds LLC now owns 16,852 shares of the company’s stock valued at $762,000 after buying an additional 8,014 shares during the last quarter. Focus Partners Wealth acquired a new stake in shares of Affirm in the first quarter valued at approximately $243,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Affirm during the second quarter worth approximately $441,000. Finally, UMB Bank n.a. increased its holdings in shares of Affirm by 86.6% in the 2nd quarter. UMB Bank n.a. now owns 569 shares of the company’s stock valued at $39,000 after acquiring an additional 264 shares during the period. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. TD Cowen reiterated a “buy” rating on shares of Affirm in a research note on Thursday, January 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Affirm in a research note on Monday, December 29th. Evercore ISI reaffirmed an “outperform” rating on shares of Affirm in a research note on Tuesday, December 16th. The Goldman Sachs Group lowered their target price on Affirm from $105.00 to $94.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Finally, Bank of America boosted their target price on Affirm from $94.00 to $98.00 and gave the company a “buy” rating in a report on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $89.17.

Insider Buying and Selling

In related news, CEO Max R. Levchin sold 666,666 shares of Affirm stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert O’hare sold 36,401 shares of the company’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $80.00, for a total value of $2,912,080.00. Following the completion of the sale, the chief financial officer directly owned 1,368 shares in the company, valued at $109,440. This trade represents a 96.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 711,256 shares of company stock valued at $57,231,923. Insiders own 11.01% of the company’s stock.

Affirm Trading Up 1.5%

NASDAQ:AFRM opened at $72.83 on Friday. Affirm Holdings, Inc. has a 1 year low of $30.90 and a 1 year high of $100.00. The company has a debt-to-equity ratio of 2.40, a quick ratio of 12.80 and a current ratio of 12.80. The stock has a fifty day moving average price of $72.36 and a two-hundred day moving average price of $74.47. The stock has a market capitalization of $24.04 billion, a price-to-earnings ratio of 108.70, a PEG ratio of 3.25 and a beta of 3.57.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.23 earnings per share 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 business had revenue of $933.34 million for the quarter, compared to analysts’ expectations of $881.83 million. During the same period in the prior year, the company posted ($0.31) EPS. The business’s revenue for the quarter was up 33.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal 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.