Duality Advisers LP Acquires Shares of 64,766 Affirm Holdings, Inc. (NASDAQ:AFRM)

Duality Advisers LP acquired a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 64,766 shares of the company’s stock, valued at approximately $3,183,000.

Other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Affirm by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,298,330 shares of the company’s stock worth $27,615,000 after purchasing an additional 23,248 shares in the last quarter. QRG Capital Management Inc. bought a new stake in shares of Affirm in the 3rd quarter worth $3,701,000. Trexquant Investment LP increased its holdings in shares of Affirm by 79.1% in the 3rd quarter. Trexquant Investment LP now owns 395,889 shares of the company’s stock worth $8,421,000 after purchasing an additional 174,807 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Affirm in the 4th quarter worth $1,816,000. Finally, AXQ Capital LP bought a new stake in shares of Affirm in the 3rd quarter worth $735,000. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Affirm Price Performance

Shares of Affirm stock traded down $0.45 during trading hours on Monday, hitting $30.56. The company’s stock had a trading volume of 1,329,982 shares, compared to its average volume of 9,503,680. The business has a 50 day moving average price of $36.11 and a two-hundred day moving average price of $34.73. Affirm Holdings, Inc. has a 12-month low of $8.80 and a 12-month high of $52.48. The company has a market cap of $9.38 billion, a PE ratio of -12.55 and a beta of 3.57. The company has a debt-to-equity ratio of 2.35, a quick ratio of 11.49 and a current ratio of 11.49.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Thursday, February 8th. The company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.08. Affirm had a negative return on equity of 25.10% and a negative net margin of 39.19%. The business had revenue of $591.11 million for the quarter, compared to the consensus estimate of $523.92 million. Analysts expect that Affirm Holdings, Inc. will post -2.45 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on AFRM shares. Stephens lifted their target price on Affirm from $6.00 to $16.00 and gave the stock an “underweight” rating in a report on Friday, February 9th. Needham & Company LLC began coverage on Affirm in a report on Wednesday, April 3rd. They issued a “hold” rating for the company. The Goldman Sachs Group lifted their price objective on Affirm from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. JPMorgan Chase & Co. lifted their price objective on Affirm from $35.00 to $41.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Finally, Wedbush reaffirmed an “underperform” rating and issued a $20.00 price objective on shares of Affirm in a report on Friday, February 9th. Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $27.86.

Insider Activity

In other news, Director Keith Rabois sold 9,276 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $34.39, for a total value of $319,001.64. Following the transaction, the director now directly owns 78,552 shares in the company, valued at $2,701,403.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 13.05% of the company’s stock.

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.