GSA Capital Partners LLP Makes New $1.37 Million Investment in Affirm Holdings, Inc. (NASDAQ:AFRM)

GSA Capital Partners LLP acquired a new position in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 33,628 shares of the company's stock, valued at approximately $1,373,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Ridgewood Investments LLC purchased a new stake in Affirm during the second quarter worth $27,000. ORG Wealth Partners LLC acquired a new stake in Affirm during the third quarter worth about $29,000. Allspring Global Investments Holdings LLC increased its position in shares of Affirm by 82.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company's stock valued at $36,000 after acquiring an additional 540 shares during the last quarter. ORG Partners LLC increased its position in shares of Affirm by 80.0% during the second quarter. ORG Partners LLC now owns 1,240 shares of the company's stock valued at $37,000 after acquiring an additional 551 shares during the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of Affirm by 200.5% during the third quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company's stock valued at $45,000 after acquiring an additional 732 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on AFRM shares. Wedbush upgraded shares of Affirm from an "underperform" rating to a "neutral" rating and lifted their price objective for the company from $25.00 to $45.00 in a report on Monday, October 14th. BTIG Research raised shares of Affirm from a "neutral" rating to a "buy" rating and set a $68.00 target price on the stock in a report on Tuesday, October 8th. Wells Fargo & Company lifted their target price on shares of Affirm from $52.00 to $55.00 and gave the company an "overweight" rating in a report on Friday, November 8th. Bank of America boosted their price objective on shares of Affirm from $36.00 to $42.00 and gave the company a "buy" rating in a research note on Thursday, August 29th. Finally, Barclays upped their price target on shares of Affirm from $50.00 to $54.00 and gave the stock an "overweight" rating in a research note on Monday, September 23rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $46.03.

Affirm Price Performance

Affirm stock traded down $1.13 on Thursday, reaching $53.69. The company's stock had a trading volume of 4,950,352 shares, compared to its average volume of 8,986,614. The company has a debt-to-equity ratio of 2.50, a quick ratio of 12.60 and a current ratio of 12.60. Affirm Holdings, Inc. has a twelve month low of $22.25 and a twelve month high of $59.27. The company has a market cap of $16.70 billion, a price-to-earnings ratio of -38.61 and a beta of 3.47. The business's fifty day moving average price is $43.86 and its 200 day moving average price is $35.38.

Affirm (NASDAQ:AFRM - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, beating analysts' consensus estimates of ($0.36) by $0.05. The company had revenue of $698.48 million for the quarter, compared to the consensus estimate of $661.39 million. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. During the same quarter in the prior year, the business posted ($0.57) EPS. Equities analysts expect that Affirm Holdings, Inc. will post -0.6 earnings per share for the current fiscal year.

Insider Activity at Affirm

In related news, Director Christa S. Quarles sold 14,400 shares of the firm's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $40.02, for a total value of $576,288.00. Following the completion of the sale, the director now directly owns 141,903 shares in the company, valued at approximately $5,678,958.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Affirm news, insider Katherine Adkins sold 6,084 shares of the business's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $45.00, for a total transaction of $273,780.00. Following the sale, the insider now owns 122,069 shares of the company's stock, valued at approximately $5,493,105. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Christa S. Quarles sold 14,400 shares of Affirm stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $40.02, for a total transaction of $576,288.00. Following the transaction, the director now owns 141,903 shares in the company, valued at approximately $5,678,958.06. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 403,738 shares of company stock worth $21,115,878. Insiders own 12.41% 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.