Lindbrook Capital LLC Increases Stake in Affirm Holdings, Inc. (NASDAQ:AFRM)

Lindbrook Capital LLC lifted its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 117.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,386 shares of the company’s stock after purchasing an additional 750 shares during the quarter. Lindbrook Capital LLC’s holdings in Affirm were worth $68,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. J.W. Cole Advisors Inc. acquired a new position in Affirm in the 4th quarter worth approximately $453,000. Xponance Inc. acquired a new position in Affirm in the 4th quarter worth approximately $402,000. Rakuten Securities Inc. acquired a new position in Affirm in the 4th quarter worth approximately $1,053,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Affirm by 12.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,464 shares of the company’s stock worth $2,283,000 after buying an additional 5,106 shares during the period. Finally, Waldron Private Wealth LLC acquired a new position in Affirm in the 4th quarter worth approximately $265,000. 69.29% of the stock is owned by hedge funds and other institutional investors.

Affirm Trading Down 2.1 %

Shares of AFRM stock opened at $32.08 on Thursday. Affirm Holdings, Inc. has a fifty-two week low of $8.80 and a fifty-two week high of $52.48. The company has a debt-to-equity ratio of 2.35, a quick ratio of 11.49 and a current ratio of 11.49. The stock’s fifty day moving average is $35.53 and its two-hundred day moving average is $34.92. The firm has a market capitalization of $9.84 billion, a P/E ratio of -12.88 and a beta of 3.57.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, February 8th. The company reported ($0.20) EPS for the quarter, topping 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 analyst estimates of $523.92 million. Research analysts expect that Affirm Holdings, Inc. will post -2.45 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AFRM shares. Stephens increased their price target on shares of Affirm from $6.00 to $16.00 and gave the stock an “underweight” rating in a report on Friday, February 9th. Royal Bank of Canada raised their price objective on shares of Affirm from $26.00 to $50.00 and gave the stock a “sector perform” rating in a research note on Friday, February 9th. Barclays dropped their price objective on shares of Affirm from $50.00 to $41.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Affirm from $24.00 to $35.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Finally, BMO Capital Markets raised their price objective on shares of Affirm from $44.00 to $47.00 and gave the stock a “market perform” rating in a research note on Monday, February 12th. Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $27.86.

Insider Transactions at Affirm

In other news, Director Keith Rabois sold 9,276 shares of Affirm stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $34.39, for a total transaction of $319,001.64. Following the transaction, the director now owns 78,552 shares in the company, valued at approximately $2,701,403.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 13.05% of the company’s stock.

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.