Valley National Advisers Inc. Acquires Shares of 1,010 Affirm Holdings, Inc. (NASDAQ:AFRM)

Valley National Advisers Inc. bought a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,010 shares of the company’s stock, valued at approximately $61,000.

A number of other institutional investors have also modified their holdings of the business. Hanseatic Management Services Inc. grew its position in Affirm by 12.1% during the 4th quarter. Hanseatic Management Services Inc. now owns 1,797 shares of the company’s stock worth $109,000 after purchasing an additional 194 shares during the last quarter. KBC Group NV boosted its stake in shares of Affirm by 3.6% during the third quarter. KBC Group NV now owns 6,331 shares of the company’s stock worth $258,000 after buying an additional 222 shares during the period. CIBC Asset Management Inc grew its holdings in shares of Affirm by 3.2% during the third quarter. CIBC Asset Management Inc now owns 7,520 shares of the company’s stock worth $307,000 after buying an additional 233 shares during the last quarter. Waldron Private Wealth LLC increased its position in Affirm by 7.0% in the 4th quarter. Waldron Private Wealth LLC now owns 5,479 shares of the company’s stock valued at $334,000 after acquiring an additional 357 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake in Affirm by 356.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock valued at $32,000 after acquiring an additional 410 shares during the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AFRM. Compass Point upgraded Affirm from a “sell” rating to a “neutral” rating and lifted their target price for the company from $20.00 to $61.00 in a research note on Tuesday, January 28th. Citizens Jmp upgraded shares of Affirm from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 20th. William Blair initiated coverage on shares of Affirm in a research report on Wednesday, January 15th. They set an “outperform” rating for the company. JMP Securities raised shares of Affirm from a “market perform” rating to an “outperform” rating and set a $78.00 target price on the stock in a report on Friday, December 20th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Affirm from $45.00 to $75.00 and gave the stock a “hold” rating in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $62.88.

Affirm Price Performance

Affirm stock opened at $61.07 on Monday. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50. The firm’s 50-day simple moving average is $63.55 and its 200 day simple moving average is $48.26. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $73.34. The firm has a market capitalization of $19.18 billion, a PE ratio of -43.01 and a beta of 3.67.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, beating the consensus estimate of ($0.36) by $0.05. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.57%. The business had revenue of $698.48 million for the quarter, compared to analyst estimates of $661.39 million. During the same period in the prior year, the business earned ($0.57) earnings per share. On average, equities research analysts predict that Affirm Holdings, Inc. will post -0.62 EPS for the current fiscal year.

Insider Buying and Selling at Affirm

In other Affirm news, insider Katherine Adkins sold 200,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $55.05, for a total transaction of $11,010,000.00. Following the sale, the insider now directly owns 93,545 shares of the company’s stock, valued at $5,149,652.25. This trade represents a 68.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Libor Michalek sold 6,629 shares of Affirm stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $72.08, for a total transaction of $477,818.32. Following the sale, the president now owns 160,601 shares of the company’s stock, valued at approximately $11,576,120.08. This trade represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,323,478 shares of company stock worth $86,285,371. 12.41% of the stock is owned by insiders.

Affirm Profile

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.