Evolutionary Tree Capital Management LLC Purchases Shares of 36,963 Affirm Holdings, Inc. (NASDAQ:AFRM)

Evolutionary Tree Capital Management LLC purchased a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 36,963 shares of the company's stock, valued at approximately $2,251,000. Affirm accounts for 2.3% of Evolutionary Tree Capital Management LLC's portfolio, making the stock its 21st largest position.

Several other hedge funds have also added to or reduced their stakes in AFRM. Norges Bank bought a new position in Affirm during the fourth quarter worth about $139,949,000. Vanguard Group Inc. increased its holdings in shares of Affirm by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 21,815,563 shares of the company's stock worth $1,328,568,000 after purchasing an additional 716,574 shares during the period. Groupama Asset Managment bought a new stake in shares of Affirm in the fourth quarter valued at approximately $30,450,000. Amundi grew its position in Affirm by 107.5% during the fourth quarter. Amundi now owns 603,437 shares of the company's stock worth $35,404,000 after buying an additional 312,620 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Affirm during the 4th quarter worth $14,591,000. Institutional investors and hedge funds own 69.29% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on AFRM shares. JMP Securities increased their target price on Affirm from $78.00 to $85.00 and gave the stock a "market outperform" rating in a report on Friday, February 7th. UBS Group upped their price target on shares of Affirm from $46.00 to $62.00 and gave the stock a "neutral" rating in a report on Friday, February 7th. Wells Fargo & Company lowered their price objective on shares of Affirm from $85.00 to $67.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Evercore ISI began coverage on Affirm in a report on Wednesday, April 9th. They issued an "outperform" rating and a $50.00 target price on the stock. Finally, Seaport Res Ptn raised Affirm to a "hold" rating in a report on Monday, March 24th. Eight research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $66.74.

Affirm Trading Up 4.2 %

Shares of NASDAQ AFRM traded up $1.72 during midday trading on Thursday, reaching $42.48. The stock had a trading volume of 3,062,272 shares, compared to its average volume of 8,309,926. Affirm Holdings, Inc. has a twelve month low of $22.25 and a twelve month high of $82.53. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26. The company's 50 day moving average price is $54.27 and its 200 day moving average price is $55.98. The firm has a market cap of $13.51 billion, a price-to-earnings ratio of -65.57 and a beta of 3.68.

Affirm (NASDAQ:AFRM - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.44. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. As a group, sell-side analysts expect that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Insider Buying and Selling at Affirm

In related news, Director Keith Rabois sold 16,086 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $60.12, for a total transaction of $967,090.32. Following the transaction, the director now owns 77,608 shares in the company, valued at $4,665,792.96. The trade was a 17.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christa S. Quarles sold 5,000 shares of the firm's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $80.00, for a total transaction of $400,000.00. Following the completion of the sale, the director now owns 137,325 shares of the company's stock, valued at $10,986,000. The trade was a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,762 shares of company stock valued at $3,241,246. 12.41% of the stock is currently owned by company insiders.

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.