Landscape Capital Management L.L.C. Cuts Position in Affirm Holdings, Inc. $AFRM

Landscape Capital Management L.L.C. reduced its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 30.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 152,451 shares of the company’s stock after selling 66,367 shares during the quarter. Affirm comprises approximately 0.7% of Landscape Capital Management L.L.C.’s holdings, making the stock its 19th largest holding. Landscape Capital Management L.L.C.’s holdings in Affirm were worth $11,141,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Assetmark Inc. increased its position in Affirm by 111.3% in the third quarter. Assetmark Inc. now owns 338 shares of the company’s stock worth $25,000 after purchasing an additional 178 shares during the last quarter. Mather Group LLC. purchased a new position in shares of Affirm in the 3rd quarter worth $29,000. Quent Capital LLC bought a new stake in shares of Affirm in the 3rd quarter worth about $43,000. Allworth Financial LP increased its holdings in shares of Affirm by 41.9% in the 2nd quarter. Allworth Financial LP now owns 799 shares of the company’s stock worth $55,000 after buying an additional 236 shares during the last quarter. Finally, CI Investments Inc. raised its position in shares of Affirm by 131.1% during the 3rd quarter. CI Investments Inc. now owns 929 shares of the company’s stock valued at $68,000 after buying an additional 527 shares in the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.

Affirm Trading Up 4.1%

NASDAQ AFRM traded up $1.88 during trading on Friday, hitting $48.26. The stock had a trading volume of 965,977 shares, compared to its average volume of 6,753,487. Affirm Holdings, Inc. has a one year low of $30.90 and a one year high of $100.00. The stock has a 50 day simple moving average of $61.25 and a 200 day simple moving average of $70.52. The stock has a market capitalization of $16.08 billion, a price-to-earnings ratio of 59.33, a P/E/G ratio of 1.86 and a beta of 3.61. The company has a debt-to-equity ratio of 2.58, a quick ratio of 11.41 and a current ratio of 11.41.

Affirm (NASDAQ:AFRM) last released its earnings results on Thursday, February 5th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.09. Affirm had a return on equity of 8.83% and a net margin of 7.60%.The firm had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the firm posted $0.23 earnings per share. The company’s quarterly revenue was up 29.6% on a year-over-year basis. Sell-side analysts predict that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on AFRM shares. Needham & Company LLC reduced their price objective on Affirm from $100.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Morgan Stanley reaffirmed an “overweight” rating on shares of Affirm in a research note on Wednesday, March 4th. Royal Bank Of Canada dropped their target price on Affirm from $87.00 to $77.00 and set a “sector perform” rating for the company in a report on Friday, February 6th. Mizuho decreased their price target on Affirm from $114.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, February 9th. Finally, Stephens lowered their price target on Affirm from $75.00 to $65.00 and set an “equal weight” rating for the company in a research report on Friday, February 6th. Twenty investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $84.36.

Insider Buying and Selling at Affirm

In other news, CFO Robert O’hare sold 36,401 shares of Affirm stock in a transaction on Monday, January 5th. The stock was sold at an average price of $80.00, for a total transaction 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 approximately $109,440. This trade represents a 96.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Max R. Levchin sold 666,666 shares of the business’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $80.62, for a total transaction of $53,746,612.92. The disclosure for this sale is available in the SEC filing. 11.01% of the stock is currently owned by company insiders.

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.