Caprock Group LLC Has $346,000 Stock Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Caprock Group LLC boosted its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 8.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,470 shares of the company’s stock after acquiring an additional 680 shares during the period. Caprock Group LLC’s holdings in Affirm were worth $346,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AFRM. Dragoneer Investment Group LLC bought a new stake in shares of Affirm in the 2nd quarter valued at $45,219,000. Bank of New York Mellon Corp boosted its position in Affirm by 25.6% during the second quarter. Bank of New York Mellon Corp now owns 866,946 shares of the company’s stock valued at $26,190,000 after acquiring an additional 176,675 shares during the last quarter. Artemis Investment Management LLP acquired a new stake in Affirm during the 3rd quarter worth about $30,808,000. Swiss National Bank raised its position in shares of Affirm by 0.9% in the 3rd quarter. Swiss National Bank now owns 463,500 shares of the company’s stock worth $18,920,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of Affirm by 2.7% in the 2nd quarter. Rhumbline Advisers now owns 235,895 shares of the company’s stock worth $7,126,000 after acquiring an additional 6,185 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Price Performance

Shares of NASDAQ:AFRM opened at $66.55 on Friday. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50. The stock has a market cap of $20.90 billion, a PE ratio of -46.87 and a beta of 3.47. The stock’s fifty day simple moving average is $46.89 and its two-hundred day simple moving average is $36.73. Affirm Holdings, Inc. has a 1-year low of $22.25 and a 1-year high of $70.03.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, topping the consensus estimate of ($0.36) by $0.05. The business had revenue of $698.48 million for the quarter, compared to analysts’ expectations of $661.39 million. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.57%. During the same period in the previous year, the company earned ($0.57) earnings per share. As a group, analysts forecast that Affirm Holdings, Inc. will post -0.53 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on AFRM. Needham & Company LLC reaffirmed a “hold” rating on shares of Affirm in a research note on Friday, September 6th. The Goldman Sachs Group lifted their price objective on shares of Affirm from $46.00 to $54.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Barclays increased their target price on shares of Affirm from $54.00 to $64.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. BTIG Research raised shares of Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Tuesday, October 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Affirm from $47.00 to $56.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $50.44.

Insider Transactions at Affirm

In other Affirm news, Director Christa S. Quarles sold 14,400 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $40.02, for a total value of $576,288.00. Following the transaction, the director now owns 141,903 shares of the company’s stock, valued at approximately $5,678,958.06. The trade was a 9.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Katherine Adkins sold 200,000 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $55.05, for a total value of $11,010,000.00. Following the completion of the transaction, the insider now owns 93,545 shares of the company’s stock, valued at $5,149,652.25. This trade represents a 68.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 580,843 shares of company stock worth $32,256,766 in the last 90 days. Insiders own 12.41% of the company’s stock.

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.