GAMMA Investing LLC Has $119,000 Stock Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

GAMMA Investing LLC increased its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 35.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,954 shares of the company’s stock after buying an additional 1,031 shares during the quarter. GAMMA Investing LLC’s holdings in Affirm were worth $119,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Affirm by 6.8% during the first quarter. Vanguard Group Inc. now owns 20,823,803 shares of the company’s stock worth $775,895,000 after buying an additional 1,316,901 shares in the last quarter. Capital World Investors grew its position in Affirm by 0.4% during the first quarter. Capital World Investors now owns 19,079,071 shares of the company’s stock worth $710,886,000 after buying an additional 77,050 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in Affirm by 4.2% during the first quarter. Baillie Gifford & Co. now owns 18,732,407 shares of the company’s stock valued at $697,969,000 after purchasing an additional 749,368 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Affirm by 6.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,622,592 shares of the company’s stock valued at $128,895,000 after purchasing an additional 153,675 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Affirm by 5.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,370,508 shares of the company’s stock valued at $67,347,000 after purchasing an additional 72,178 shares in the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AFRM shares. JPMorgan Chase & Co. raised Affirm from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $41.00 to $43.00 in a report on Thursday, May 9th. Barclays decreased their price objective on Affirm from $50.00 to $41.00 and set an “overweight” rating on the stock in a report on Tuesday, April 16th. Mizuho reaffirmed a “buy” rating and set a $65.00 price objective on shares of Affirm in a report on Thursday, June 20th. Royal Bank of Canada reissued a “sector perform” rating and issued a $43.00 target price on shares of Affirm in a report on Friday, May 24th. Finally, BMO Capital Markets reduced their target price on Affirm from $48.00 to $46.00 and set a “market perform” rating on the stock in a report on Friday, May 10th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $32.85.

Affirm Stock Performance

Shares of Affirm stock opened at $24.16 on Wednesday. The firm has a fifty day moving average of $29.68 and a two-hundred day moving average of $33.83. The stock has a market capitalization of $7.47 billion, a price-to-earnings ratio of -10.83 and a beta of 3.45. Affirm Holdings, Inc. has a 52 week low of $13.67 and a 52 week high of $52.48. The company has a debt-to-equity ratio of 2.43, a quick ratio of 12.94 and a current ratio of 12.94.

Affirm (NASDAQ:AFRM) last issued its earnings results on Wednesday, May 8th. The company reported ($0.43) EPS for the quarter, beating the consensus estimate of ($0.70) by $0.27. Affirm had a negative net margin of 32.17% and a negative return on equity of 22.06%. The company had revenue of $576.00 million during the quarter, compared to analysts’ expectations of $549.99 million. During the same quarter in the previous year, the company posted ($0.69) EPS. The business’s revenue for the quarter was up 51.2% compared to the same quarter last year. As a group, equities research analysts predict that Affirm Holdings, Inc. will post -1.98 EPS for the current year.

Insider Activity

In other news, Director Keith Rabois sold 9,276 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $29.89, for a total value of $277,259.64. Following the completion of the transaction, the director now owns 73,623 shares of the company’s stock, valued at approximately $2,200,591.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 13.05% of the stock is owned by company insiders.

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.