Gladstone Institutional Advisory LLC Purchases New Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Gladstone Institutional Advisory LLC acquired a new position in Affirm Holdings, Inc. (NASDAQ:AFRM) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 28,971 shares of the company’s stock, valued at approximately $1,764,000.

Several other hedge funds have also modified their holdings of the company. Spyglass Capital Management LLC increased its stake in Affirm by 9.3% during the third quarter. Spyglass Capital Management LLC now owns 2,348,095 shares of the company’s stock worth $95,849,000 after acquiring an additional 200,449 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Affirm by 44.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,203,210 shares of the company’s stock worth $89,935,000 after purchasing an additional 672,883 shares during the period. Artemis Investment Management LLP increased its position in shares of Affirm by 2.1% during the 4th quarter. Artemis Investment Management LLP now owns 770,245 shares of the company’s stock valued at $46,908,000 after purchasing an additional 15,517 shares during the last quarter. Bank of Montreal Can raised its holdings in Affirm by 269.7% during the 3rd quarter. Bank of Montreal Can now owns 724,336 shares of the company’s stock valued at $29,814,000 after buying an additional 528,400 shares during the period. Finally, Holocene Advisors LP bought a new stake in Affirm in the third quarter worth $27,872,000. 69.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Affirm

In other Affirm news, CFO Robert O’hare sold 11,218 shares of Affirm stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $70.00, for a total value of $785,260.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, President Libor Michalek sold 6,629 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $72.08, for a total value of $477,818.32. Following the sale, the president now owns 160,601 shares of the company’s stock, valued at approximately $11,576,120.08. This represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,038,626 shares of company stock worth $70,690,871 over the last quarter. Insiders own 12.41% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on AFRM. Royal Bank of Canada boosted their price objective on shares of Affirm from $67.00 to $81.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. Citizens Jmp raised shares of Affirm from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 20th. JMP Securities boosted their target price on Affirm from $78.00 to $85.00 and gave the company a “market outperform” rating in a research report on Friday, February 7th. UBS Group increased their price target on Affirm from $46.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Affirm from $45.00 to $75.00 and gave the company a “hold” rating in a report on Monday, December 16th. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $70.24.

Affirm Price Performance

NASDAQ AFRM opened at $75.66 on Thursday. The company has a market cap of $23.76 billion, a PE ratio of -116.40 and a beta of 3.66. Affirm Holdings, Inc. has a 52-week low of $22.25 and a 52-week high of $79.67. The company has a debt-to-equity ratio of 2.50, a quick ratio of 12.60 and a current ratio of 12.60. The firm’s 50 day moving average price is $63.49 and its 200-day moving average price is $50.37.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.44. Affirm had a negative return on equity of 7.29% and a negative net margin of 7.10%. Sell-side analysts forecast that Affirm Holdings, Inc. will post -0.59 EPS for the current fiscal year.

Affirm Company Profile

Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States, Canada, and internationally. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time with terms ranging up to 60 months.