Affirm Holdings, Inc. (NASDAQ:AFRM) is Thrive Capital Management LLC’s 3rd Largest Position

Thrive Capital Management LLC lifted its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 0.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,935,366 shares of the company’s stock after purchasing an additional 416 shares during the quarter. Affirm comprises about 17.4% of Thrive Capital Management LLC’s holdings, making the stock its 3rd largest holding. Thrive Capital Management LLC owned 1.48% of Affirm worth $265,047,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Bamco Inc. NY acquired a new position in Affirm in the first quarter valued at approximately $28,000. PNC Financial Services Group Inc. increased its position in shares of Affirm by 898.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 499 shares of the company’s stock worth $34,000 after purchasing an additional 449 shares during the last quarter. Bank of Montreal Can purchased a new stake in Affirm in the 1st quarter valued at about $38,000. Fifth Third Bancorp acquired a new position in Affirm in the second quarter valued at about $37,000. Finally, Jacobi Capital Management LLC purchased a new stake in shares of Affirm in the 1st quarter valued at approximately $56,000. Hedge funds and other institutional investors own 36.32% of the company’s stock.

Shares of AFRM stock traded up $4.17 on Monday, reaching $127.90. 177,704 shares of the company were exchanged, compared to its average volume of 4,657,001. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.79 and a quick ratio of 1.20. The company has a 50-day moving average of $80.74 and a 200-day moving average of $71.04. The company has a market cap of $33.91 billion and a price-to-earnings ratio of -48.71. Affirm Holdings, Inc. has a one year low of $46.50 and a one year high of $146.90.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Wednesday, September 8th. The company reported ($0.48) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.27) by ($0.21). Affirm had a negative net margin of 48.51% and a negative return on equity of 32.07%. The business had revenue of $261.80 million for the quarter, compared to analysts’ expectations of $224.39 million. The firm’s revenue was up 70.8% compared to the same quarter last year. As a group, sell-side analysts predict that Affirm Holdings, Inc. will post -0.84 EPS for the current year.

A number of brokerages recently weighed in on AFRM. Zacks Investment Research upgraded shares of Affirm from a “sell” rating to a “hold” rating in a report on Tuesday, September 14th. DA Davidson upped their price target on Affirm from $85.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 8th. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft upped their price target on shares of Affirm from $67.00 to $105.00 and gave the stock a “hold” rating in a research note on Friday, September 10th. Stephens initiated coverage on Affirm in a research report on Monday, June 21st. They set an “underweight” rating and a $55.00 price target for the company. Finally, Jefferies Financial Group raised their price objective on Affirm from $56.00 to $82.00 and gave the stock a “hold” rating in a report on Friday, September 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Affirm currently has a consensus rating of “Hold” and a consensus target price of $115.07.

Affirm Profile

Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States and Canada. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its payments network and partnership with an originating bank, enables consumers to pay for a purchase over time with terms ranging from one to forty-eight months.

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Institutional Ownership by Quarter for Affirm (NASDAQ:AFRM)

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