Catalyst Funds Management Pty Ltd Acquires 1,300 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Catalyst Funds Management Pty Ltd lifted its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 18.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,300 shares of the company’s stock after purchasing an additional 1,300 shares during the quarter. Catalyst Funds Management Pty Ltd’s holdings in Affirm were worth $505,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in AFRM. Venturi Wealth Management LLC boosted its holdings in Affirm by 200.5% in the third quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock worth $45,000 after acquiring an additional 732 shares in the last quarter. Entropy Technologies LP purchased a new position in shares of Affirm in the 3rd quarter worth about $464,000. Oppenheimer Asset Management Inc. boosted its stake in Affirm by 10.8% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 24,902 shares of the company’s stock worth $1,016,000 after purchasing an additional 2,432 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Affirm during the 3rd quarter valued at about $1,419,000. Finally, Plato Investment Management Ltd increased its stake in Affirm by 36.9% during the 3rd quarter. Plato Investment Management Ltd now owns 3,103 shares of the company’s stock valued at $127,000 after purchasing an additional 836 shares in the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Affirm Price Performance

Shares of Affirm stock opened at $50.08 on Friday. The stock has a 50 day moving average price of $61.91 and a 200-day moving average price of $55.79. Affirm Holdings, Inc. has a one year low of $22.25 and a one year high of $82.53. The stock has a market cap of $15.93 billion, a price-to-earnings ratio of -77.05 and a beta of 3.63. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share 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%. Equities analysts expect that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Insiders Place Their Bets

In other Affirm news, Director Noel Bertram Watson sold 2,500 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $72.05, for a total value of $180,125.00. Following the sale, the director now owns 41,497 shares in the company, valued at $2,989,858.85. This trade represents a 5.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Keith Rabois sold 16,086 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $62.32, for a total transaction of $1,002,479.52. Following the sale, the director now directly owns 93,694 shares of the company’s stock, valued at $5,839,010.08. This represents a 14.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 62,301 shares of company stock valued at $3,986,218 over the last 90 days. Insiders own 12.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AFRM. Barclays increased their price target on shares of Affirm from $75.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, February 10th. JMP Securities increased their target price on Affirm from $78.00 to $85.00 and gave the company a “market outperform” rating in a research note on Friday, February 7th. Jefferies Financial Group upgraded Affirm from a “hold” rating to a “buy” rating and boosted their price target for the stock from $70.00 to $82.00 in a research note on Thursday, December 19th. JPMorgan Chase & Co. increased their price objective on Affirm from $56.00 to $74.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. Finally, William Blair began coverage on Affirm in a report on Wednesday, January 15th. They issued an “outperform” rating for the company. Nine research 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’s stock. According to MarketBeat.com, Affirm currently has an average rating of “Moderate Buy” and a consensus price target of $70.24.

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.