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

Silvant Capital Management LLC bought a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 29,861 shares of the company’s stock, valued at approximately $2,182,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. raised its position in shares of Affirm by 111.3% in the third quarter. Assetmark Inc. now owns 338 shares of the company’s stock valued at $25,000 after purchasing an additional 178 shares during the period. Mather Group LLC. bought a new stake in shares of Affirm during the 3rd quarter worth $29,000. Quent Capital LLC acquired a new position in Affirm in the 3rd quarter valued at $43,000. Allworth Financial LP lifted its position in Affirm by 41.9% during the 2nd quarter. Allworth Financial LP now owns 799 shares of the company’s stock worth $55,000 after acquiring an additional 236 shares during the last quarter. Finally, CI Investments Inc. boosted its holdings in Affirm by 131.1% during the third quarter. CI Investments Inc. now owns 929 shares of the company’s stock valued at $68,000 after acquiring an additional 527 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AFRM. Citigroup reaffirmed a “market outperform” rating on shares of Affirm in a research report on Tuesday, February 24th. Wolfe Research started coverage on shares of Affirm in a report on Tuesday, December 9th. They set a “peer perform” rating on the stock. Morgan Stanley reiterated an “overweight” rating on shares of Affirm in a research note on Wednesday, March 4th. Evercore restated an “outperform” rating on shares of Affirm in a research note on Tuesday, December 16th. Finally, Robert W. Baird assumed coverage on Affirm in a report on Thursday, February 19th. They issued a “neutral” rating and a $55.00 price target for the company. Twenty equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $84.36.

Affirm Price Performance

Shares of Affirm stock opened at $50.79 on Thursday. The firm’s 50-day moving average price is $61.81 and its two-hundred day moving average price is $70.69. The stock has a market capitalization of $16.92 billion, a price-to-earnings ratio of 62.70, a P/E/G ratio of 1.82 and a beta of 3.61. The company has a current ratio of 11.41, a quick ratio of 11.41 and a debt-to-equity ratio of 2.58. Affirm Holdings, Inc. has a 1-year low of $30.90 and a 1-year high of $100.00.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.09. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.06 billion. Affirm had a return on equity of 8.83% and a net margin of 7.60%.The company’s revenue was up 29.6% on a year-over-year basis. During the same period last year, the company earned $0.23 earnings per share. On average, equities analysts predict that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Insider Transactions at Affirm

In other Affirm news, CFO Robert O’hare sold 36,401 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $80.00, for a total transaction of $2,912,080.00. Following the sale, the chief financial officer directly owned 1,368 shares of the company’s stock, valued at $109,440. The trade was a 96.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Max R. Levchin sold 666,666 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $80.62, for a total value of $53,746,612.92. Additional details regarding this sale are available in the official SEC disclosure. Company 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.