55,800 Shares in Affirm Holdings, Inc. (NASDAQ:AFRM) Purchased by Bayesian Capital Management LP

Bayesian Capital Management LP bought a new position in Affirm Holdings, Inc. (NASDAQ:AFRM) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 55,800 shares of the company’s stock, valued at approximately $2,079,000.

Other hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new position in shares of Affirm during the fourth quarter valued at approximately $1,698,000. Charles Schwab Investment Management Inc. boosted its stake in shares of 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. Avantax Advisory Services Inc. bought a new position in shares of Affirm during the first quarter valued at approximately $258,000. Principal Financial Group Inc. boosted its stake in shares of Affirm by 34.3% during the first quarter. Principal Financial Group Inc. now owns 19,065 shares of the company’s stock valued at $710,000 after purchasing an additional 4,868 shares in the last quarter. Finally, Vanguard Group Inc. lifted 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 valued at $775,895,000 after acquiring an additional 1,316,901 shares during the last quarter. 69.29% of the stock is currently owned by institutional investors.

Affirm Trading Up 1.9 %

NASDAQ:AFRM traded up $0.51 on Tuesday, hitting $27.35. The stock had a trading volume of 6,398,847 shares, compared to its average volume of 8,260,584. The company has a fifty day moving average price of $30.20 and a two-hundred day moving average price of $34.48. 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 Holdings, Inc. has a 1-year low of $13.67 and a 1-year high of $52.48. The stock has a market cap of $8.45 billion, a price-to-earnings ratio of -12.98 and a beta of 3.45.

Affirm (NASDAQ:AFRM) last released its earnings results on Wednesday, May 8th. The company reported ($0.43) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.27. The company had revenue of $576.00 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 51.2% on a year-over-year basis. During the same period in the prior year, the business earned ($0.69) EPS. Equities research analysts expect that Affirm Holdings, Inc. will post -1.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Insider Buying and Selling at Affirm

In other Affirm news, Director Keith Rabois sold 9,276 shares of the 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 directly owns 73,623 shares of the company’s stock, valued at approximately $2,200,591.47. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 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.