Readystate Asset Management LP Invests $206,000 in Affirm Holdings, Inc. (NASDAQ:AFRM)

Readystate Asset Management LP purchased a new position in Affirm Holdings, Inc. (NASDAQ:AFRM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,200 shares of the company’s stock, valued at approximately $206,000.

Several other institutional investors have also recently made changes to their positions in AFRM. Creative Financial Designs Inc. ADV grew its position in Affirm by 82.2% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 665 shares of the company’s stock worth $33,000 after acquiring an additional 300 shares in the last quarter. Treasurer of the State of North Carolina grew its position in Affirm by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 95,536 shares of the company’s stock worth $2,032,000 after acquiring an additional 480 shares in the last quarter. Planned Solutions Inc. purchased a new stake in Affirm during the fourth quarter valued at about $25,000. Signaturefd LLC boosted its position in Affirm by 9.0% during the third quarter. Signaturefd LLC now owns 6,382 shares of the company’s stock valued at $136,000 after buying an additional 528 shares during the period. Finally, Comerica Bank boosted its position in Affirm by 13.5% during the fourth quarter. Comerica Bank now owns 5,259 shares of the company’s stock valued at $258,000 after buying an additional 624 shares during the period. Institutional investors own 69.29% of the company’s stock.

Insiders Place Their Bets

In other Affirm news, Director Keith Rabois sold 9,276 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were 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 approximately $2,701,403.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 13.05% of the company’s stock.

Affirm Price Performance

Shares of NASDAQ AFRM traded up $0.28 during mid-day trading on Thursday, hitting $31.15. 7,060,129 shares of the company’s stock traded hands, compared to its average volume of 9,673,061. The company’s 50-day moving average is $36.37 and its two-hundred day moving average is $34.43. The company has a debt-to-equity ratio of 2.35, a current ratio of 11.49 and a quick ratio of 11.49. The company has a market capitalization of $9.56 billion, a P/E ratio of -12.51 and a beta of 3.57. Affirm Holdings, Inc. has a 1 year low of $8.80 and a 1 year high of $52.48.

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AFRM. JPMorgan Chase & Co. upped their price objective on shares of Affirm from $35.00 to $41.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Affirm from $24.00 to $35.00 and gave the company a “hold” rating in a report on Friday, February 9th. Needham & Company LLC assumed coverage on shares of Affirm in a report on Wednesday, April 3rd. They set a “hold” rating on the stock. Stephens raised their target price on shares of Affirm from $6.00 to $16.00 and gave the stock an “underweight” rating in a report on Friday, February 9th. Finally, Royal Bank of Canada raised their target price on shares of Affirm from $26.00 to $50.00 and gave the stock a “sector perform” rating in a report on Friday, February 9th. Six equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $27.86.

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.