Affirm Holdings, Inc. (NASDAQ:AFRM) shares closed higher Monday, though the stock remains down by nearly 12% over the past month. What To Know: Needham analyst Kyle Peterson initiated coverage on Affirm Holdings with a Hold rating last week, and the analyst highlighted Affirm as a long-term winner in the buy-now pay-later space. However, he noted the company’s large percentage of stock-based compensation as a drag on its valuation. Investors may also be considering the possibility of fewer rate cuts in 2024 following the Federal Reserve’s last meeting. A slew of positive economic data could al…