Janus Henderson Group PLC Increases Stock Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

Janus Henderson Group PLC grew its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 8.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,282 shares of the company’s stock after purchasing an additional 8,782 shares during the period. Janus Henderson Group PLC’s holdings in Affirm were worth $4,502,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Comerica Bank lifted its holdings in Affirm by 16.2% during the 1st quarter. Comerica Bank now owns 6,109 shares of the company’s stock worth $228,000 after buying an additional 850 shares in the last quarter. Cetera Advisors LLC boosted its holdings in Affirm by 38.4% in the first quarter. Cetera Advisors LLC now owns 7,231 shares of the company’s stock valued at $269,000 after purchasing an additional 2,005 shares during the period. Sequoia Financial Advisors LLC grew its stake in Affirm by 15.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 10,159 shares of the company’s stock worth $307,000 after purchasing an additional 1,367 shares in the last quarter. ORG Partners LLC increased its holdings in Affirm by 80.0% during the 2nd quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock worth $37,000 after purchasing an additional 551 shares during the period. Finally, Baader Bank Aktiengesellschaft acquired a new stake in Affirm in the 2nd quarter valued at about $302,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Price Performance

AFRM stock opened at $66.32 on Wednesday. The business has a 50 day simple moving average of $53.13 and a 200-day simple moving average of $39.89. The company has a market capitalization of $20.83 billion, a P/E ratio of -46.70 and a beta of 3.66. Affirm Holdings, Inc. has a twelve month low of $22.25 and a twelve month high of $72.82. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AFRM. Wedbush raised Affirm from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $25.00 to $45.00 in a research report on Monday, October 14th. Royal Bank of Canada reissued a “sector perform” rating and issued a $46.00 price objective on shares of Affirm in a research report on Friday, October 4th. BTIG Research raised shares of Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Tuesday, October 8th. Needham & Company LLC reissued a “hold” rating on shares of Affirm in a report on Friday, September 6th. Finally, Bank of America lifted their price target on Affirm from $50.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $55.33.

Insider Buying and Selling

In other Affirm news, President Libor Michalek sold 93,371 shares of Affirm stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $72.00, for a total value of $6,722,712.00. Following the transaction, the president now directly owns 160,601 shares in the company, valued at approximately $11,563,272. This trade represents a 36.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Robert O’hare sold 100,938 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $55.00, for a total value of $5,551,590.00. The disclosure for this sale can be found here. Insiders have sold a total of 985,065 shares of company stock valued at $60,544,069 over the last quarter. 12.41% of the stock is currently owned by insiders.

Affirm 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.