Bullfrog Capital GP Ltd. acquired a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM – Get Rating) during the second quarter, Holdings Channel reports. The firm acquired 1,329,622 shares of the company's stock, valued at approximately $24,013,000. Affirm comprises 14.6% of Bullfrog Capital GP Ltd.'s holdings, making the stock its 3rd biggest holding.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital Research Global Investors grew its holdings in Affirm by 59.4% during the 1st quarter. Capital Research Global Investors now owns 30,867,478 shares of the company's stock valued at $1,428,561,000 after buying an additional 11,502,492 shares in the last quarter. Baillie Gifford & Co. grew its holdings in Affirm by 25.5% during the 1st quarter. Baillie Gifford & Co. now owns 20,482,855 shares of the company's stock valued at $947,946,000 after buying an additional 4,168,342 shares in the last quarter. Vanguard Group Inc. grew its holdings in Affirm by 12.9% during the 1st quarter. Vanguard Group Inc. now owns 16,498,384 shares of the company's stock valued at $763,545,000 after buying an additional 1,883,050 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Affirm by 14.1% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 11,350,295 shares of the company's stock valued at $204,987,000 after buying an additional 1,404,278 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in Affirm by 38.2% during the 1st quarter. BlackRock Inc. now owns 5,180,921 shares of the company's stock valued at $239,773,000 after buying an additional 1,432,202 shares in the last quarter. 72.76% of the stock is currently owned by institutional investors.
Get Affirm alerts:Affirm Price Performance
AFRM traded down $0.28 during midday trading on Friday, hitting $18.78. The stock had a trading volume of 292,284 shares, compared to its average volume of 10,118,986. The company has a debt-to-equity ratio of 1.56, a quick ratio of 11.87 and a current ratio of 11.87. Affirm Holdings, Inc. has a 1 year low of $13.64 and a 1 year high of $176.65. The business has a fifty day moving average of $27.10 and a 200 day moving average of $28.10. The company has a market cap of $5.43 billion, a P/E ratio of -7.55 and a beta of 3.58.
Affirm (NASDAQ:AFRM – Get Rating) last announced its quarterly earnings data on Thursday, August 25th. The company reported ($0.65) earnings per share for the quarter, missing the consensus estimate of ($0.45) by ($0.20). Affirm had a negative net margin of 52.43% and a negative return on equity of 20.25%. The company had revenue of $364.10 million during the quarter, compared to the consensus estimate of $354.86 million. During the same quarter in the previous year, the firm posted ($0.48) EPS. The business's revenue for the quarter was up 39.0% compared to the same quarter last year. As a group, equities analysts forecast that Affirm Holdings, Inc. will post -2.8 earnings per share for the current fiscal year.Analyst Upgrades and Downgrades
A number of research analysts have weighed in on AFRM shares. Truist Financial reduced their target price on 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 cut their price objective on Affirm from $48.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, August 26th. Credit Suisse Group cut their price objective on Affirm to $27.00 in a report on Friday, July 22nd. Piper Sandler cut their price objective on Affirm from $32.00 to $28.00 and set a "neutral" rating for the company in a report on Wednesday, June 29th. Finally, Morgan Stanley cut their price objective on Affirm from $80.00 to $53.00 and set an "overweight" rating for the company in a report on Wednesday, September 7th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $37.83.
About Affirm
(Get Rating)
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.
Featured Articles
- Get a free copy of the StockNews.com research report on Affirm (AFRM)
- This Is A Memorable Time To Buy Into Micron Technology
- Let Paychex Stock Work Hard For You
- How Does Keurig Dr Pepper Compare To Larger Rivals Coke & Pepsi?
- Thor Industries Hammers Out A Bottom
- Declining Profits Challenge the CarMax Value Proposition
Want to see what other hedge funds are holding AFRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Affirm Holdings, Inc. (NASDAQ:AFRM – Get Rating).
Receive News & Ratings for Affirm Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Affirm and related companies with MarketBeat.com's FREE daily email newsletter.