Foundations Investment Advisors LLC Makes New $247,000 Investment in Affirm Holdings, Inc. (NASDAQ:AFRM)

Foundations Investment Advisors LLC acquired a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 4,054 shares of the company’s stock, valued at approximately $247,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Artemis Investment Management LLP bought a new position in Affirm in the 3rd quarter valued at about $30,808,000. Holocene Advisors LP bought a new position in shares of Affirm during the third quarter worth approximately $27,872,000. Charles Schwab Investment Management Inc. boosted its stake in Affirm by 44.0% in the 3rd 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. Bank of Montreal Can grew its holdings in Affirm by 269.7% in 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 in the last quarter. Finally, Atreides Management LP bought a new position in Affirm during the 3rd quarter worth $20,404,000. 69.29% of the stock is currently owned by institutional investors.

Insider Activity at Affirm

In related news, Director Keith Rabois sold 16,086 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $62.32, for a total transaction of $1,002,479.52. Following the completion of the transaction, the director now directly owns 93,694 shares of the company’s stock, valued at $5,839,010.08. This trade represents a 14.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert O’hare sold 100,938 shares of Affirm stock in a transaction dated 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 sold a total of 1,323,478 shares of company stock worth $86,285,371 in the last quarter. 12.41% of the stock is owned by insiders.

Affirm Stock Performance

NASDAQ AFRM opened at $61.07 on Friday. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $73.34. The stock has a market cap of $19.18 billion, a PE ratio of -43.01 and a beta of 3.67. 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 fifty day moving average price is $63.55 and its two-hundred day moving average price is $48.04.

Affirm (NASDAQ:AFRM) last issued its earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.05. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. The business had revenue of $698.48 million during the quarter, compared to analysts’ expectations of $661.39 million. During the same quarter in the prior year, the firm earned ($0.57) EPS. On average, equities analysts expect that Affirm Holdings, Inc. will post -0.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Barclays boosted their target price on shares of Affirm from $64.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, November 25th. The Goldman Sachs Group increased their target price on shares of Affirm from $57.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Morgan Stanley lifted their price target on shares of Affirm from $39.00 to $55.00 and gave the company an “equal weight” rating in a research report on Tuesday. William Blair initiated coverage on Affirm in a research report on Wednesday, January 15th. They set an “outperform” rating on the stock. Finally, BTIG Research upgraded Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $62.88.

About Affirm

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.