Neo Ivy Capital Management Purchases Shares of 42,850 Affirm Holdings, Inc. $AFRM

Neo Ivy Capital Management acquired a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 42,850 shares of the company’s stock, valued at approximately $3,131,000.

A number of other institutional investors have also recently made changes to their positions in the company. Assetmark Inc. lifted its position in shares of Affirm by 111.3% in the third 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. Huntington National Bank grew its holdings in Affirm by 634.0% during the 2nd quarter. Huntington National Bank now owns 389 shares of the company’s stock valued at $27,000 after buying an additional 336 shares in the last quarter. Mather Group LLC. bought a new stake in Affirm in the 3rd quarter worth approximately $29,000. SouthState Corp raised its holdings in shares of Affirm by 190.5% during the 2nd quarter. SouthState Corp now owns 427 shares of the company’s stock worth $30,000 after acquiring an additional 280 shares in the last quarter. Finally, Quent Capital LLC purchased a new stake in shares of Affirm during the 3rd quarter worth approximately $43,000. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Affirm Price Performance

Shares of AFRM opened at $51.70 on Friday. The company has a market cap of $17.22 billion, a price-to-earnings ratio of 63.83, a price-to-earnings-growth ratio of 1.93 and a beta of 3.61. Affirm Holdings, Inc. has a twelve month low of $30.90 and a twelve month high of $100.00. The company has a quick ratio of 11.41, a current ratio of 11.41 and a debt-to-equity ratio of 2.58. The company has a 50 day moving average of $63.30 and a two-hundred day moving average of $71.24.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.37 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the firm posted $0.23 earnings per share. The business’s quarterly revenue was up 29.6% on a year-over-year basis. As a group, analysts predict that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AFRM has been the subject of a number of recent research reports. Stephens cut their target price on shares of Affirm from $75.00 to $65.00 and set an “equal weight” rating for the company in a report on Friday, February 6th. Oppenheimer lowered their price objective on shares of Affirm from $95.00 to $83.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. Morgan Stanley restated an “overweight” rating on shares of Affirm in a report on Wednesday. Compass Point restated a “buy” rating and set a $68.00 target price on shares of Affirm in a research report on Wednesday, February 18th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Affirm in a report on Friday, February 6th. Twenty analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Affirm presently has an average rating of “Moderate Buy” and a consensus price target of $84.36.

Insider Transactions at Affirm

In other news, CFO Robert O’hare sold 36,401 shares of the company’s 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 transaction, the chief financial officer owned 1,368 shares in the company, valued at $109,440. This represents a 96.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Max R. Levchin sold 666,666 shares of the business’s stock in a transaction that occurred on 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. 11.01% of the stock is currently owned by 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.