Duality Advisers LP Has $3.40 Million Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

Duality Advisers LP grew its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 40.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 91,274 shares of the company’s stock after purchasing an additional 26,508 shares during the period. Duality Advisers LP’s holdings in Affirm were worth $3,401,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Creative Financial Designs Inc. ADV grew its position in shares of Affirm by 82.2% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 665 shares of the company’s stock worth $33,000 after purchasing an additional 300 shares in the last quarter. Global Wealth Strategies & Associates lifted its stake in Affirm by 94.0% in the 1st quarter. Global Wealth Strategies & Associates now owns 970 shares of the company’s stock valued at $36,000 after purchasing an additional 470 shares during the last quarter. Planned Solutions Inc. bought a new position in Affirm in the 4th quarter valued at approximately $25,000. Raleigh Capital Management Inc. bought a new position in Affirm in the 4th quarter valued at approximately $33,000. Finally, Lindbrook Capital LLC lifted its stake in Affirm by 117.9% in the 4th quarter. Lindbrook Capital LLC now owns 1,386 shares of the company’s stock valued at $68,000 after purchasing an additional 750 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Stock Down 0.2 %

Affirm stock traded down $0.07 during midday trading on Friday, hitting $29.54. 4,487,447 shares of the stock were exchanged, compared to its average volume of 8,447,469. Affirm Holdings, Inc. has a 52-week low of $13.67 and a 52-week high of $52.48. The business’s 50-day moving average price is $31.11 and its 200-day moving average price is $36.06. The company has a quick ratio of 12.94, a current ratio of 12.94 and a debt-to-equity ratio of 2.43.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.43) earnings per share for the quarter, topping the consensus estimate of ($0.70) by $0.27. The business had revenue of $576.00 million for the quarter, compared to analysts’ expectations of $549.99 million. Affirm had a negative net margin of 32.17% and a negative return on equity of 22.06%. The firm’s revenue for the quarter was up 51.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.69) earnings per share. Sell-side analysts predict that Affirm Holdings, Inc. will post -1.98 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Keith Rabois sold 9,276 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 73,623 shares of the company’s stock, valued at $2,200,591.47. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 13.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AFRM. The Goldman Sachs Group reissued a “buy” rating and issued a $42.00 price objective on shares of Affirm in a research note on Monday, June 24th. Barclays dropped their price target on shares of Affirm from $50.00 to $41.00 and set an “overweight” rating for the company in a research note on Tuesday, April 16th. Mizuho reaffirmed a “buy” rating and set a $65.00 price target on shares of Affirm in a research note on Thursday, June 20th. JMP Securities started coverage on shares of Affirm in a research note on Friday, June 28th. They set a “market perform” rating for the company. Finally, JPMorgan Chase & Co. raised shares of Affirm from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $41.00 to $43.00 in a research note on Thursday, May 9th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $32.66.

Affirm Company 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.