12,117 Shares in Affirm Holdings, Inc. $AFRM Purchased by Mason & Associates Inc

Mason & Associates Inc purchased a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 12,117 shares of the company’s stock, valued at approximately $886,000.

A number of other institutional investors and hedge funds also recently modified their holdings of AFRM. Norges Bank acquired a new stake in shares of Affirm in the second quarter worth approximately $183,475,000. Atreides Management LP raised its stake in Affirm by 543.3% during the second quarter. Atreides Management LP now owns 1,977,882 shares of the company’s stock worth $136,751,000 after purchasing an additional 1,670,429 shares during the period. Vanguard Group Inc. raised its stake in Affirm by 4.0% during the second quarter. Vanguard Group Inc. now owns 24,195,810 shares of the company’s stock worth $1,672,898,000 after purchasing an additional 922,813 shares during the period. Foxhaven Asset Management LP boosted its holdings in shares of Affirm by 39.1% in the 2nd quarter. Foxhaven Asset Management LP now owns 2,896,908 shares of the company’s stock valued at $200,292,000 after purchasing an additional 814,951 shares during the last quarter. Finally, Durable Capital Partners LP grew its stake in shares of Affirm by 12.3% during the 2nd quarter. Durable Capital Partners LP now owns 7,389,337 shares of the company’s stock valued at $510,899,000 after buying an additional 808,455 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Wall Street Analysts Forecast Growth

AFRM has been the subject of a number of research analyst reports. Susquehanna restated a “positive” rating and set a $100.00 price objective on shares of Affirm in a report on Friday, February 6th. Citigroup upgraded Affirm to a “strong-buy” rating in a research note on Thursday, October 23rd. Wells Fargo & Company started coverage on Affirm in a report on Tuesday, October 21st. They issued an “overweight” rating and a $89.00 price objective on the stock. Bank of America lifted their price objective on Affirm from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Finally, Royal Bank Of Canada dropped their target price on shares of Affirm from $87.00 to $77.00 and set a “sector perform” rating for the company in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $86.67.

Insiders Place Their Bets

In other Affirm news, CFO Robert O’hare sold 36,401 shares of the business’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 transaction, the chief financial officer owned 1,368 shares in the company, 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 the SEC website. Also, CEO Max R. Levchin sold 666,666 shares of the company’s stock in a transaction dated 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. Over the last three months, insiders have sold 711,256 shares of company stock worth $57,231,923. Corporate insiders own 11.01% of the company’s stock.

Affirm Price Performance

Shares of NASDAQ AFRM opened at $49.81 on Friday. The company has a debt-to-equity ratio of 2.58, a current ratio of 11.41 and a quick ratio of 11.41. Affirm Holdings, Inc. has a 1-year low of $30.90 and a 1-year high of $100.00. The company has a market capitalization of $16.59 billion, a price-to-earnings ratio of 61.49, a PEG ratio of 1.86 and a beta of 3.56. The business has a 50-day moving average of $70.16 and a 200-day moving average of $73.77.

Affirm (NASDAQ:AFRM) last announced its earnings results on Thursday, February 5th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.28 by $0.09. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate 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 business posted $0.23 EPS. On average, equities analysts anticipate that Affirm Holdings, Inc. will post -0.18 EPS 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.