Kera Capital Partners Inc. Buys New Shares in Affirm Holdings, Inc. (NASDAQ:AFRM)

Kera Capital Partners Inc. purchased a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,620 shares of the company’s stock, valued at approximately $647,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Dragoneer Investment Group LLC bought a new stake in shares of Affirm in the second quarter valued at about $45,219,000. Artemis Investment Management LLP bought a new stake in shares of Affirm in the 3rd quarter worth approximately $30,808,000. Holocene Advisors LP acquired a new stake in shares of Affirm during the 3rd quarter worth approximately $27,872,000. Charles Schwab Investment Management Inc. increased its position in shares of Affirm by 44.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,203,210 shares of the company’s stock valued at $89,935,000 after purchasing an additional 672,883 shares during the period. Finally, Bank of Montreal Can raised its stake in shares of Affirm by 269.7% in the third quarter. Bank of Montreal Can now owns 724,336 shares of the company’s stock valued at $29,814,000 after purchasing an additional 528,400 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AFRM has been the topic of several analyst reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $46.00 price target on shares of Affirm in a report on Friday, October 4th. Barclays raised their price target on shares of Affirm from $64.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Morgan Stanley upgraded Affirm from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $22.00 to $37.00 in a research note on Wednesday, October 9th. Deutsche Bank Aktiengesellschaft raised their target price on Affirm from $45.00 to $75.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Finally, Citizens Jmp upgraded Affirm from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $61.88.

Insider Activity

In other news, insider Katherine Adkins sold 200,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $55.05, for a total value of $11,010,000.00. Following the transaction, the insider now owns 93,545 shares of the company’s stock, valued at $5,149,652.25. This represents a 68.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Robert O’hare sold 100,938 shares of Affirm stock in a transaction on Monday, November 11th. The stock was sold at an average price of $55.00, for a total value of $5,551,590.00. The disclosure for this sale can be found here. Insiders have sold 1,323,478 shares of company stock valued at $86,285,371 over the last 90 days. 12.41% of the stock is owned by company insiders.

Affirm Trading Down 0.0 %

AFRM opened at $57.99 on Friday. Affirm Holdings, Inc. has a 1-year low of $22.25 and a 1-year high of $73.34. The stock has a market capitalization of $18.21 billion, a PE ratio of -40.84 and a beta of 3.67. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50. The firm has a 50-day moving average price of $64.00 and a two-hundred day moving average price of $46.17.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, topping the consensus estimate of ($0.36) by $0.05. The firm had revenue of $698.48 million during the quarter, compared to analysts’ expectations of $661.39 million. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.57%. During the same quarter in the previous year, the company posted ($0.57) EPS. As a group, equities analysts anticipate that Affirm Holdings, Inc. will post -0.53 earnings per share for the current fiscal year.

Affirm 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.