Jefferies Financial Group Inc. Acquires 157,689 Shares of Affirm Holdings, Inc. $AFRM

Jefferies Financial Group Inc. increased its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 1,161.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 171,269 shares of the company’s stock after acquiring an additional 157,689 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Affirm were worth $12,516,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in Affirm by 2.1% in the first quarter. Royal Bank of Canada now owns 193,601 shares of the company’s stock worth $8,748,000 after acquiring an additional 3,892 shares during the period. Empowered Funds LLC grew its position in shares of Affirm by 90.7% during the 1st quarter. Empowered Funds LLC now owns 16,852 shares of the company’s stock valued at $762,000 after acquiring an additional 8,014 shares during the period. Focus Partners Wealth bought a new stake in shares of Affirm during the 1st quarter valued at $243,000. Atria Investments Inc purchased a new stake in shares of Affirm in the 2nd quarter worth $265,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Affirm by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 890,694 shares of the company’s stock worth $61,583,000 after purchasing an additional 18,504 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors.

Insider Activity at Affirm

In other Affirm news, CEO Max R. Levchin sold 666,666 shares of the company’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 value of $53,746,612.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Robert O’hare sold 36,401 shares of the stock in a transaction that occurred 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 sale, the chief financial officer directly owned 1,368 shares of the company’s stock, valued at approximately $109,440. This trade represents a 96.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 11.01% of the stock is currently owned by company insiders.

Affirm Trading Down 1.5%

Shares of AFRM stock opened at $51.70 on Monday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 11.41 and a current ratio of 11.41. The stock has a fifty day simple moving average of $63.30 and a two-hundred day simple moving average of $71.21. The firm has a market capitalization of $17.22 billion, a PE ratio of 63.83, a PEG ratio of 1.89 and a beta of 3.61. Affirm Holdings, Inc. has a 52-week low of $30.90 and a 52-week high of $100.00.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data 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 business’s revenue was up 29.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.23 earnings per share. On average, analysts predict that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AFRM has been the topic of several analyst reports. Compass Point reiterated a “buy” rating and set a $68.00 target price on shares of Affirm in a research report on Wednesday, February 18th. Mizuho reduced their price target on Affirm from $114.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, February 9th. TD Cowen reaffirmed a “buy” rating on shares of Affirm in a research note on Friday, February 6th. Robert W. Baird initiated coverage on Affirm in a research report on Thursday, February 19th. They set a “neutral” rating and a $55.00 price objective on the stock. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $85.00 price objective on shares of Affirm in a research note on Monday, February 9th. Twenty equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, Affirm has an average rating of “Moderate Buy” and a consensus target price of $84.36.

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.