CIBC Asset Management Inc Takes $277,000 Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

CIBC Asset Management Inc purchased a new position in Affirm Holdings, Inc. (NASDAQ:AFRMFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,637 shares of the company’s stock, valued at approximately $277,000.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in Affirm by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,298,330 shares of the company’s stock worth $27,615,000 after purchasing an additional 23,248 shares during the last quarter. QRG Capital Management Inc. bought a new position in shares of Affirm in the 3rd quarter worth approximately $3,701,000. International Assets Investment Management LLC purchased a new position in shares of Affirm in the fourth quarter worth approximately $1,698,000. Trexquant Investment LP grew its position in Affirm by 79.1% during the third quarter. Trexquant Investment LP now owns 395,889 shares of the company’s stock valued at $8,421,000 after buying an additional 174,807 shares during the period. Finally, Exchange Traded Concepts LLC bought a new stake in Affirm during the fourth quarter valued at approximately $1,816,000. Institutional investors own 69.29% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on AFRM shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $43.00 price target on shares of Affirm in a research note on Friday, May 24th. BTIG Research initiated coverage on Affirm in a research report on Friday. They set a “neutral” rating on the stock. JPMorgan Chase & Co. upgraded Affirm from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $41.00 to $43.00 in a research report on Thursday, May 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of Affirm in a research report on Thursday, May 9th. Finally, BMO Capital Markets cut their price objective on Affirm from $48.00 to $46.00 and set a “market perform” rating for the company in a research note on Friday, May 10th. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Affirm currently has a consensus rating of “Hold” and an average target price of $27.53.

Check Out Our Latest Research Report on Affirm

Affirm Price Performance

Shares of Affirm stock opened at $30.44 on Tuesday. The firm has a market cap of $9.41 billion, a PE ratio of -13.65 and a beta of 3.47. The stock has a 50 day moving average of $32.04 and a 200 day moving average of $37.53. The company has a current ratio of 12.94, a quick ratio of 12.94 and a debt-to-equity ratio of 2.43. Affirm Holdings, Inc. has a 12 month low of $12.81 and a 12 month high of $52.48.

Affirm (NASDAQ:AFRMGet Free Report) last posted its earnings results on Wednesday, May 8th. The company reported ($0.43) EPS for the quarter, beating analysts’ consensus estimates of ($0.70) by $0.27. Affirm had a negative return on equity of 22.06% and a negative net margin of 32.17%. The firm had revenue of $576.00 million during the quarter, compared to the consensus estimate of $549.99 million. During the same period in the prior year, the company earned ($0.69) EPS. The company’s quarterly revenue was up 51.2% compared to the same quarter last year. On average, research analysts expect that Affirm Holdings, Inc. will post -1.98 EPS for the current fiscal year.

Insider Buying and Selling at Affirm

In other news, Director Keith Rabois sold 9,276 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $32.12, for a total value of $297,945.12. Following the sale, the director now directly owns 60,000 shares in the company, valued at approximately $1,927,200. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 13.05% of the stock is owned by company insiders.

Affirm Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Affirm (NASDAQ:AFRM)

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