Fieldview Capital Management LLC Makes New $2.04 Million Investment in Affirm Holdings, Inc. $AFRM

Fieldview Capital Management LLC bought a new position in Affirm Holdings, Inc. (NASDAQ:AFRM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 27,466 shares of the company’s stock, valued at approximately $2,044,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Assetmark Inc. lifted its position in Affirm by 111.3% in the 3rd quarter. Assetmark Inc. now owns 338 shares of the company’s stock worth $25,000 after buying an additional 178 shares in the last quarter. Mount Vernon Associates Inc. MD lifted its position in Affirm by 0.5% in the 4th quarter. Mount Vernon Associates Inc. MD now owns 42,925 shares of the company’s stock worth $3,195,000 after buying an additional 200 shares in the last quarter. Fifth Third Bancorp lifted its position in Affirm by 63.6% in the 4th quarter. Fifth Third Bancorp now owns 522 shares of the company’s stock worth $39,000 after buying an additional 203 shares in the last quarter. Rakuten Securities Inc. lifted its position in Affirm by 1.3% in the 4th quarter. Rakuten Securities Inc. now owns 16,622 shares of the company’s stock worth $1,237,000 after buying an additional 206 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in Affirm by 36.6% in the 4th quarter. UMB Bank n.a. now owns 783 shares of the company’s stock worth $58,000 after buying an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Affirm Stock Performance

NASDAQ:AFRM opened at $66.17 on Friday. Affirm Holdings, Inc. has a 1 year low of $42.10 and a 1 year high of $100.00. The firm’s fifty day simple moving average is $63.02 and its 200 day simple moving average is $62.38. The company has a current ratio of 11.32, a quick ratio of 11.32 and a debt-to-equity ratio of 2.39. The firm has a market capitalization of $22.16 billion, a PE ratio of 60.15, a PEG ratio of 3.81 and a beta of 3.70.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.13. Affirm had a net margin of 9.63% and a return on equity of 11.17%. The business had revenue of $943.95 million for the quarter, compared to analyst estimates of $995.27 million. During the same period last year, the business posted $0.01 EPS. Affirm’s revenue was up 32.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Affirm Holdings, Inc. will post 1.25 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AFRM shares. BTIG Research reiterated a “neutral” rating on shares of Affirm in a research report on Tuesday, May 26th. Citigroup reiterated a “buy” rating on shares of Affirm in a research report on Wednesday, April 15th. Truist Financial increased their target price on shares of Affirm from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Needham & Company LLC increased their price target on shares of Affirm from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, Robert W. Baird set a $70.00 price target on shares of Affirm in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $86.20.

Insider Transactions at Affirm

In other Affirm news, Director Noel Bertram Watson sold 2,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $65.00, for a total value of $130,000.00. Following the sale, the director directly owned 36,076 shares in the company, valued at $2,344,940. This trade represents a 5.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.01% of the stock is owned by corporate 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.