SLT Holdings LLC Makes New Investment in Affirm Holdings, Inc. (NASDAQ:AFRM)

SLT Holdings LLC bought a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,054 shares of the company’s stock, valued at approximately $247,000.

A number of other institutional investors have also recently bought and sold shares of the business. Oppenheimer & Co. Inc. acquired a new position in shares of Affirm in the 3rd quarter valued at $1,419,000. Quest Partners LLC acquired a new position in shares of Affirm in the 3rd quarter valued at $391,000. Entropy Technologies LP acquired a new position in shares of Affirm in the 3rd quarter valued at $464,000. Nordea Investment Management AB acquired a new position in shares of Affirm in the 4th quarter valued at $6,380,000. Finally, Versor Investments LP acquired a new position in shares of Affirm in the 3rd quarter valued at $755,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

Insider Activity

In related news, Director Keith Rabois sold 16,086 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $68.98, for a total value of $1,109,612.28. Following the transaction, the director now owns 109,780 shares in the company, valued at approximately $7,572,624.40. This represents a 12.78 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert O’hare sold 6,541 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $62.28, for a total transaction of $407,373.48. Following the completion of the transaction, the chief financial officer now owns 2,963 shares in the company, valued at approximately $184,535.64. This trade represents a 68.82 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 478,387 shares of company stock valued at $32,691,830. 12.41% of the stock is owned by company insiders.

Affirm Stock Down 1.3 %

Shares of AFRM stock opened at $51.97 on Friday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26. The firm’s 50-day moving average is $63.40 and its 200-day moving average is $55.21. The stock has a market cap of $16.53 billion, a price-to-earnings ratio of -79.95 and a beta of 3.63. Affirm Holdings, Inc. has a 52-week low of $22.25 and a 52-week high of $82.53.

Affirm (NASDAQ:AFRM) last issued its 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 net margin of 7.10% and a negative return on equity of 7.25%. Sell-side analysts predict that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on AFRM shares. Morgan Stanley boosted their price target on shares of Affirm from $39.00 to $55.00 and gave the company an “equal weight” rating in a report on Tuesday, January 28th. William Blair assumed coverage on shares of Affirm in a research note on Wednesday, January 15th. They issued an “outperform” rating for the company. Bank of America upped their target price on shares of Affirm from $50.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Mizuho upped their target price on shares of Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Finally, Compass Point raised shares of Affirm from a “sell” rating to a “neutral” rating and upped their target price for the stock from $20.00 to $61.00 in a research note on Tuesday, January 28th. Nine equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Affirm presently has a consensus rating of “Moderate Buy” and an average price target of $70.24.

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.