Diversify Advisory Services LLC lifted its position in Affirm Holdings, Inc. (NASDAQ:AFRM – Free Report) by 8.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 116,743 shares of the company’s stock after purchasing an additional 9,364 shares during the period. Diversify Advisory Services LLC’s holdings in Affirm were worth $7,110,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of AFRM. Commonwealth Equity Services LLC increased its stake in shares of Affirm by 5.7% during the second quarter. Commonwealth Equity Services LLC now owns 12,548 shares of the company’s stock valued at $379,000 after buying an additional 680 shares during the period. American Century Companies Inc. increased its position in Affirm by 2.8% during the 2nd quarter. American Century Companies Inc. now owns 93,171 shares of the company’s stock valued at $2,815,000 after purchasing an additional 2,538 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Affirm in the 2nd quarter valued at about $3,516,000. Sei Investments Co. lifted its position in shares of Affirm by 33.2% in the 2nd quarter. Sei Investments Co. now owns 54,993 shares of the company’s stock worth $1,661,000 after purchasing an additional 13,698 shares during the period. Finally, Bank of Montreal Can boosted its stake in shares of Affirm by 2,305.3% during the second quarter. Bank of Montreal Can now owns 195,936 shares of the company’s stock valued at $6,466,000 after purchasing an additional 187,790 shares in the last quarter. 69.29% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
AFRM has been the topic of several recent research reports. Wedbush raised Affirm from an “underperform” rating to a “neutral” rating and increased their target price for the company from $25.00 to $45.00 in a research report on Monday, October 14th. JMP Securities raised Affirm from a “market perform” rating to an “outperform” rating and set a $78.00 price objective on the stock in a research report on Friday, December 20th. William Blair began coverage on shares of Affirm in a report on Wednesday, January 15th. They issued an “outperform” rating for the company. Citizens Jmp upgraded shares of Affirm from a “hold” rating to a “strong-buy” rating in a report on Friday, December 20th. Finally, Jefferies Financial Group upgraded shares of Affirm from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $70.00 to $82.00 in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $61.88.
Insider Activity
In other news, insider Katherine Adkins sold 200,000 shares of Affirm stock in a transaction on Monday, November 11th. The stock was sold at an average price of $55.05, for a total transaction of $11,010,000.00. Following the transaction, the insider now owns 93,545 shares in the company, valued at $5,149,652.25. The trade was a 68.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Keith Rabois sold 16,086 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $62.32, for a total transaction of $1,002,479.52. Following the completion of the sale, the director now directly owns 93,694 shares of the company’s stock, valued at $5,839,010.08. This represents a 14.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,323,478 shares of company stock worth $86,285,371 over the last three months. Insiders own 12.41% of the company’s stock.
Affirm Stock Down 0.0 %
Shares of NASDAQ AFRM opened at $57.99 on Monday. The firm has a market cap of $18.21 billion, a price-to-earnings ratio of -40.84 and a beta of 3.67. The company’s 50-day simple moving average is $64.00 and its 200-day simple moving average is $46.29. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50. Affirm Holdings, Inc. has a 52-week low of $22.25 and a 52-week high of $73.34.
Affirm (NASDAQ:AFRM – Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, topping the consensus estimate of ($0.36) by $0.05. The company had revenue of $698.48 million during the quarter, compared to analyst estimates of $661.39 million. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. During the same period in the previous year, the business earned ($0.57) EPS. Equities analysts predict that Affirm Holdings, Inc. will post -0.53 EPS for the current fiscal year.
About Affirm
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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