IFM Investors Pty Ltd Has $632,000 Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Defense World · Sep 28, 2022 17:22

IFM Investors Pty Ltd grew its stake in Affirm Holdings, Inc. (NASDAQ:AFRM – Get Rating) by 76.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,993 shares of the company's stock after purchasing an additional 15,116 shares during the period. IFM Investors Pty Ltd's holdings in Affirm were worth $632,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in AFRM. Principal Financial Group Inc. acquired a new stake in shares of Affirm in the 4th quarter valued at approximately $213,000. Invesco Ltd. raised its holdings in Affirm by 4,561.0% in the 4th quarter. Invesco Ltd. now owns 173,902 shares of the company's stock valued at $17,488,000 after buying an additional 170,171 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in Affirm by 24.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 11,727 shares of the company's stock valued at $1,179,000 after buying an additional 2,293 shares during the last quarter. Nissay Asset Management Corp Japan ADV bought a new position in Affirm in the 4th quarter valued at approximately $1,008,000. Finally, LPL Financial LLC raised its holdings in Affirm by 29.8% in the 4th quarter. LPL Financial LLC now owns 125,557 shares of the company's stock valued at $12,626,000 after buying an additional 28,815 shares during the last quarter. 72.76% of the stock is currently owned by institutional investors and hedge funds.

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Affirm Price Performance

AFRM stock opened at $19.39 on Wednesday. The stock has a market capitalization of $5.61 billion, a PE ratio of -7.63 and a beta of 3.58. The company's 50-day moving average is $27.50 and its 200-day moving average is $28.20. The company has a debt-to-equity ratio of 1.56, a current ratio of 11.87 and a quick ratio of 11.87. Affirm Holdings, Inc. has a 1 year low of $13.64 and a 1 year high of $176.65.

Affirm (NASDAQ:AFRM – Get Rating) last released its quarterly earnings data on Thursday, August 25th. The company reported ($0.65) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.45) by ($0.20). Affirm had a negative return on equity of 20.25% and a negative net margin of 52.43%. The company had revenue of $364.10 million for the quarter, compared to the consensus estimate of $354.86 million. During the same period last year, the company earned ($0.48) EPS. Affirm's revenue for the quarter was up 39.0% compared to the same quarter last year. Equities research analysts expect that Affirm Holdings, Inc. will post -2.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Piper Sandler dropped their price objective on shares of Affirm from $32.00 to $28.00 and set a "neutral" rating for the company in a report on Wednesday, June 29th. Wedbush assumed coverage on shares of Affirm in a report on Tuesday, June 7th. They issued an "underperform" rating and a $15.00 price objective for the company. Truist Financial dropped their price objective on shares of Affirm from $55.00 to $45.00 and set a "buy" rating for the company in a report on Friday, August 26th. Royal Bank of Canada dropped their price objective on shares of Affirm from $48.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, August 26th. Finally, Credit Suisse Group dropped their price target on shares of Affirm to $27.00 in a research report on Friday, July 22nd. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $37.83.

Affirm Profile

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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 from one to sixty months.

IFM Investors Pty Ltd Has $632,000 Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Affirm Price Performance

Wall Street Analysts Forecast Growth

Affirm Profile

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