Bienville Capital Management LLC Makes New Investment in Affirm Holdings, Inc. $AFRM

by · The Markets Daily

Bienville Capital Management LLC bought a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 54,667 shares of the company’s stock, valued at approximately $3,780,000.

A number of other institutional investors and hedge funds also recently modified their holdings of AFRM. Huntington National Bank boosted its position in Affirm by 634.0% in the second quarter. Huntington National Bank now owns 389 shares of the company’s stock worth $27,000 after purchasing an additional 336 shares during the last quarter. SouthState Corp increased its position in shares of Affirm by 190.5% during the 2nd quarter. SouthState Corp now owns 427 shares of the company’s stock valued at $30,000 after purchasing an additional 280 shares during the last quarter. Blume Capital Management Inc. raised its stake in shares of Affirm by 468.8% during the 2nd quarter. Blume Capital Management Inc. now owns 455 shares of the company’s stock worth $31,000 after purchasing an additional 375 shares during the period. UMB Bank n.a. boosted its holdings in shares of Affirm by 86.6% in the 2nd quarter. UMB Bank n.a. now owns 569 shares of the company’s stock worth $39,000 after buying an additional 264 shares during the last quarter. Finally, SVB Wealth LLC purchased a new position in shares of Affirm in the 1st quarter worth about $47,000. 69.29% of the stock is owned by hedge funds and other institutional investors.

Affirm Trading Down 2.6%

Shares of AFRM stock opened at $67.25 on Friday. The stock has a market capitalization of $22.20 billion, a price-to-earnings ratio of 100.37, a PEG ratio of 3.11 and a beta of 3.57. The company’s fifty day simple moving average is $71.05 and its two-hundred day simple moving average is $71.53. Affirm Holdings, Inc. has a 1 year low of $30.90 and a 1 year high of $100.00. The company has a debt-to-equity ratio of 2.40, a current ratio of 12.80 and a quick ratio of 12.80.

Affirm (NASDAQ:AFRM – Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.12. Affirm had a return on equity of 7.75% and a net margin of 6.74%.The company had revenue of $933.34 million during the quarter, compared to analysts’ expectations of $881.83 million. During the same period in the previous year, the business earned ($0.31) earnings per share. The firm’s quarterly revenue was up 33.6% compared to the same quarter last year. As a group, analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Insider Activity

In other news, CAO Siphelele Jiyane sold 12,500 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $85.42, for a total transaction of $1,067,750.00. Following the sale, the chief accounting officer directly owned 213,967 shares in the company, valued at $18,277,061.14. This represents a 5.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Robert O’hare sold 8,189 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $70.00, for a total transaction of $573,230.00. Following the completion of the transaction, the chief financial officer owned 1,368 shares of the company’s stock, valued at $95,760. This trade represents a 85.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 672,402 shares of company stock worth $59,819,400 over the last ninety days. Company insiders own 11.01% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Mizuho lifted their price objective on shares of Affirm from $70.00 to $108.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 2nd. Truist Financial lowered their price target on shares of Affirm from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. Bank of America upped their price objective on Affirm from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Weiss Ratings reissued a “hold (c-)” rating on shares of Affirm in a research report on Monday. Finally, Wells Fargo & Company began coverage on Affirm in a research note on Tuesday, October 21st. They issued an “overweight” rating and a $89.00 target price on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Affirm presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.57.

View Our Latest Research Report on Affirm

About Affirm

(Free Report)

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.

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