Affirm Holdings, Inc. (NASDAQ:AFRM) Stake Increased by Soros Capital Management LLC

Soros Capital Management LLC raised its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 96.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 220,300 shares of the company's stock after acquiring an additional 108,300 shares during the period. Affirm makes up 2.1% of Soros Capital Management LLC's investment portfolio, making the stock its 16th biggest holding. Soros Capital Management LLC owned 0.07% of Affirm worth $13,416,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Stifel Financial Corp purchased a new stake in shares of Affirm in the third quarter valued at about $228,000. Tidal Investments LLC increased its position in Affirm by 208.6% during the 3rd quarter. Tidal Investments LLC now owns 21,775 shares of the company's stock worth $889,000 after purchasing an additional 14,720 shares during the period. Lord Abbett & CO. LLC purchased a new position in shares of Affirm during the 3rd quarter worth approximately $2,644,000. Versant Capital Management Inc lifted its holdings in shares of Affirm by 20.8% in the 4th quarter. Versant Capital Management Inc now owns 3,405 shares of the company's stock valued at $207,000 after buying an additional 586 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Affirm by 21.5% during the fourth quarter. GAMMA Investing LLC now owns 4,177 shares of the company's stock worth $254,000 after acquiring an additional 738 shares during the period. 69.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AFRM has been the subject of a number of recent analyst reports. Royal Bank of Canada raised their target price on Affirm from $67.00 to $81.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. Wells Fargo & Company lowered their target price on shares of Affirm from $85.00 to $67.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley raised their price objective on Affirm from $39.00 to $55.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 28th. Barclays boosted their target price on Affirm from $75.00 to $85.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Affirm in a research note on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $66.74.

Insider Buying and Selling at Affirm

In related news, Director Keith Rabois sold 16,088 shares of Affirm stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $45.41, for a total transaction of $730,556.08. Following the sale, the director now owns 45,432 shares of the company's stock, valued at $2,063,067.12. The trade was a 26.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Christa S. Quarles sold 5,000 shares of the company's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $80.00, for a total transaction of $400,000.00. Following the completion of the transaction, the director now directly owns 137,325 shares of the company's stock, valued at approximately $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. Insiders have sold 55,762 shares of company stock valued at $3,241,246 over the last three months. 12.41% of the stock is owned by company insiders.

Affirm Trading Up 2.9 %

Shares of AFRM stock traded up $1.36 on Thursday, reaching $48.20. 7,770,192 shares of the stock were exchanged, compared to its average volume of 8,359,019. Affirm Holdings, Inc. has a 1-year low of $22.25 and a 1-year high of $82.53. The stock has a market cap of $15.33 billion, a P/E ratio of -74.15 and a beta of 3.68. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68. The firm has a 50 day moving average of $50.11 and a two-hundred day moving average of $56.18.

Affirm (NASDAQ:AFRM - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, beating 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%. On average, research analysts anticipate that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

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.