Affirm Holdings, Inc. (NASDAQ:AFRM) Short Interest Update

Affirm Holdings, Inc. (NASDAQ:AFRM) was the target of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 17,923,630 shares, an increase of 22.4% from the January 29th total of 14,647,345 shares. Based on an average daily volume of 10,207,821 shares, the days-to-cover ratio is presently 1.8 days. Currently, 6.0% of the company’s stock are short sold. Currently, 6.0% of the company’s stock are short sold. Based on an average daily volume of 10,207,821 shares, the days-to-cover ratio is presently 1.8 days.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. JPMorgan Chase & Co. decreased their price objective on Affirm from $94.00 to $79.00 and set an “overweight” rating for the company in a report on Friday, February 6th. Royal Bank Of Canada lowered their price target on Affirm from $87.00 to $77.00 and set a “sector perform” rating for the company in a research report on Friday, February 6th. Compass Point reaffirmed a “buy” rating and set a $68.00 price objective on shares of Affirm in a report on Wednesday, February 18th. Citigroup reiterated a “market outperform” rating on shares of Affirm in a research note on Tuesday, February 24th. Finally, Susquehanna reissued a “positive” rating and set a $100.00 price target on shares of Affirm in a research report on Friday, February 6th. Twenty analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $85.00.

Affirm Stock Performance

Shares of AFRM opened at $47.83 on Wednesday. Affirm has a 1 year low of $30.90 and a 1 year high of $100.00. The company has a debt-to-equity ratio of 2.58, a current ratio of 11.41 and a quick ratio of 11.41. The stock’s fifty day moving average price is $64.74 and its two-hundred day moving average price is $71.70. The firm has a market cap of $15.93 billion, a PE ratio of 59.05, a PEG ratio of 1.71 and a beta of 3.61.

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

Insiders Place Their Bets

In other news, CFO Robert O’hare sold 36,401 shares of Affirm 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 completion of the transaction, the chief financial officer directly owned 1,368 shares in the company, valued at $109,440. This trade represents a 96.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Max R. Levchin sold 666,666 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $80.62, for a total transaction of $53,746,612.92. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 11.01% of the company’s stock.

Institutional Trading of Affirm

A number of institutional investors have recently modified their holdings of the business. Royal Bank of Canada grew its stake in Affirm by 2.1% in the 1st quarter. Royal Bank of Canada now owns 193,601 shares of the company’s stock valued at $8,748,000 after buying an additional 3,892 shares in the last quarter. Empowered Funds LLC grew its position in shares of Affirm by 90.7% in the first quarter. Empowered Funds LLC now owns 16,852 shares of the company’s stock valued at $762,000 after purchasing an additional 8,014 shares in the last quarter. Focus Partners Wealth bought a new stake in shares of Affirm during the 1st quarter valued at $243,000. Envestnet Asset Management Inc. lifted its holdings in Affirm by 1.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 186,418 shares of the company’s stock worth $12,889,000 after purchasing an additional 1,986 shares in the last quarter. Finally, Savvy Advisors Inc. purchased a new stake in Affirm during the 2nd quarter worth about $210,000. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

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.