SG Americas Securities LLC Acquires 260,792 Shares of Affirm Holdings, Inc. $AFRM

SG Americas Securities LLC raised its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 121.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 475,141 shares of the company’s stock after acquiring an additional 260,792 shares during the quarter. SG Americas Securities LLC owned about 0.14% of Affirm worth $35,365,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AFRM. Federated Hermes Inc. bought a new position in Affirm during the third quarter valued at about $19,077,000. Resona Asset Management Co. Ltd. acquired a new stake in shares of Affirm in the third quarter worth about $6,036,000. Gateway Investment Advisers LLC bought a new stake in shares of Affirm during the 3rd quarter worth about $1,315,000. Envestnet Asset Management Inc. boosted its stake in shares of Affirm by 26.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 235,152 shares of the company’s stock worth $17,185,000 after acquiring an additional 48,734 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Affirm during the 2nd quarter valued at about $183,475,000. 69.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on AFRM shares. Stephens cut their price objective on Affirm from $75.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Friday, February 6th. Mizuho decreased their target price on Affirm from $114.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, February 9th. Royal Bank Of Canada lowered their price target on Affirm from $87.00 to $77.00 and set a “sector perform” rating on the stock in a report on Friday, February 6th. Cantor Fitzgerald reissued an “overweight” rating and issued a $85.00 price target on shares of Affirm in a research report on Monday, February 9th. Finally, Robert W. Baird began coverage on shares of Affirm in a research note on Thursday, February 19th. They issued a “neutral” rating and a $55.00 price objective for the company. Nineteen 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.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $85.00.

Affirm Price Performance

NASDAQ AFRM opened at $45.05 on Thursday. The stock has a 50-day simple moving average of $55.30 and a 200 day simple moving average of $68.05. Affirm Holdings, Inc. has a twelve month low of $30.90 and a twelve month high of $100.00. The stock has a market capitalization of $15.01 billion, a PE ratio of 55.62, a P/E/G ratio of 1.66 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.09. The firm had revenue of $1.12 billion for 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 quarter last year, the firm posted $0.23 EPS. Research analysts anticipate that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Insider Buying and Selling at Affirm

In related news, 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 transaction of $2,912,080.00. Following the completion of the transaction, the chief financial officer directly owned 1,368 shares in the company, valued at $109,440. This represents a 96.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Max R. Levchin sold 666,666 shares of the 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 SEC filing for this sale provides additional information. Company insiders own 11.01% of the company’s stock.

Affirm 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.