Versor Investments LP Boosts Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

Posted by on Aug 11th, 2023

Versor Investments LP lifted its stake in Affirm Holdings, Inc. (NASDAQ:AFRM – Free Report) by 53.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,739 shares of the company’s stock after purchasing an additional 6,182 shares during the period. Versor Investments LP’s holdings in Affirm were worth $200,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of AFRM. Covestor Ltd purchased a new position in Affirm during the 1st quarter valued at about $30,000. New York State Common Retirement Fund lifted its position in Affirm by 0.4% during the 4th quarter. New York State Common Retirement Fund now owns 180,270 shares of the company’s stock valued at $1,743,000 after acquiring an additional 670 shares during the period. Parallel Advisors LLC lifted its position in Affirm by 31.9% during the 4th quarter. Parallel Advisors LLC now owns 2,948 shares of the company’s stock valued at $29,000 after acquiring an additional 713 shares during the period. MetLife Investment Management LLC lifted its position in Affirm by 23.1% during the 4th quarter. MetLife Investment Management LLC now owns 4,496 shares of the company’s stock valued at $43,000 after acquiring an additional 845 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Affirm by 10.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,266 shares of the company’s stock valued at $475,000 after acquiring an additional 1,010 shares during the period. 60.65% of the stock is owned by hedge funds and other institutional investors.

Affirm Price Performance

AFRM stock opened at $14.99 on Friday. The company has a market capitalization of $4.43 billion, a PE ratio of -4.54 and a beta of 3.12. Affirm Holdings, Inc. has a one year low of $8.62 and a one year high of $40.97. The company has a debt-to-equity ratio of 1.90, a quick ratio of 10.91 and a current ratio of 10.91. The company’s fifty day moving average price is $16.46 and its 200-day moving average price is $13.84.

Affirm (NASDAQ:AFRM – Get Free Report) last issued its quarterly earnings data on Tuesday, May 9th. The company reported ($0.69) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.91) by $0.22. The firm had revenue of $380.98 million during the quarter, compared to analyst estimates of $371.96 million. Affirm had a negative return on equity of 37.86% and a negative net margin of 64.12%. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.19) earnings per share. On average, equities analysts anticipate that Affirm Holdings, Inc. will post -3.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AFRM. Piper Sandler cut shares of Affirm from a “neutral” rating to an “underweight” rating and set a $11.00 price target for the company. in a research report on Thursday, July 6th. Truist Financial raised their price objective on shares of Affirm from $17.00 to $24.00 in a research note on Friday, June 23rd. Barclays raised their price objective on shares of Affirm from $16.00 to $19.00 in a research note on Thursday, July 13th. Bank of America lifted their price target on shares of Affirm from $13.00 to $20.00 in a research note on Monday, June 12th. Finally, BTIG Research began coverage on shares of Affirm in a research note on Tuesday, June 13th. They issued a “sell” rating and a $10.00 price target for the company. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $16.84.

Check Out Our Latest Stock Analysis on AFRM

Insider Buying and Selling at Affirm

In other news, major shareholder Private Ltd Gic sold 203,905 shares of the company’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $15.42, for a total transaction of $3,144,215.10. Following the sale, the insider now directly owns 11,887,747 shares of the company’s stock, valued at approximately $183,309,058.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.11% of the stock is currently owned by company insiders.

Affirm Profile

(Free Report)

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 from one to sixty months.

Further Reading

Institutional Ownership by Quarter for Affirm (NASDAQ:AFRM)

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