GAMMA Investing LLC Boosts Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

GAMMA Investing LLC boosted its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 10.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,596 shares of the company’s stock after purchasing an additional 419 shares during the quarter. GAMMA Investing LLC’s holdings in Affirm were worth $208,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AFRM. Wedmont Private Capital bought a new position in shares of Affirm during the 1st quarter valued at about $385,000. SeaCrest Wealth Management LLC boosted its stake in Affirm by 7.4% during the first quarter. SeaCrest Wealth Management LLC now owns 6,820 shares of the company’s stock valued at $308,000 after buying an additional 472 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Affirm by 3,637.8% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,383 shares of the company’s stock valued at $62,000 after buying an additional 1,346 shares in the last quarter. RFG Advisory LLC bought a new stake in Affirm in the 1st quarter worth approximately $256,000. Finally, Rhumbline Advisers raised its holdings in shares of Affirm by 2.5% during the 1st quarter. Rhumbline Advisers now owns 255,582 shares of the company’s stock worth $11,550,000 after acquiring an additional 6,131 shares in the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.

Affirm Trading Up 1.0%

Shares of AFRM opened at $69.04 on Friday. The firm has a market capitalization of $22.27 billion, a price-to-earnings ratio of -328.74, a PEG ratio of 2.48 and a beta of 3.63. The company has a debt-to-equity ratio of 2.55, a current ratio of 11.47 and a quick ratio of 11.47. Affirm Holdings, Inc. has a 1-year low of $22.25 and a 1-year high of $82.53. The company has a 50-day moving average of $56.36 and a 200 day moving average of $56.42.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.10. The firm had revenue of $783.14 million during the quarter, compared to the consensus estimate of $782.98 million. Affirm had a negative net margin of 2.07% and a negative return on equity of 2.22%. The company’s revenue was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.43) earnings per share. On average, research analysts expect that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AFRM. Bank of America raised their target price on shares of Affirm from $76.00 to $80.00 and gave the company a “buy” rating in a report on Friday, May 9th. Wall Street Zen cut shares of Affirm from a “buy” rating to a “hold” rating in a research note on Friday, June 6th. Truist Financial began coverage on shares of Affirm in a research report on Monday, June 2nd. They set a “buy” rating and a $58.00 target price on the stock. Seaport Res Ptn upgraded Affirm to a “hold” rating in a research report on Monday, March 24th. Finally, JMP Securities reduced their price objective on Affirm from $85.00 to $75.00 and set a “market outperform” rating on the stock in a research note on Friday, May 9th. Nine investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Affirm presently has a consensus rating of “Moderate Buy” and an average price target of $65.67.

Insiders Place Their Bets

In other news, Director Keith Rabois sold 16,089 shares of the firm’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $51.00, for a total transaction of $820,539.00. Following the transaction, the director owned 29,343 shares in the company, valued at approximately $1,496,493. This trade represents a 35.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Christa S. Quarles sold 754 shares of Affirm stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $67.43, for a total value of $50,842.22. Following the completion of the sale, the director owned 137,241 shares of the company’s stock, valued at $9,254,160.63. The trade was a 0.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,343 shares of company stock worth $1,023,531 in the last ninety days. 11.82% of the stock is owned by company insiders.

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.