Omega Financial Group LLC Raises Stock Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Omega Financial Group LLC increased its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 21.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,568 shares of the company’s stock after acquiring an additional 16,528 shares during the quarter. Affirm comprises 1.4% of Omega Financial Group LLC’s holdings, making the stock its 24th biggest position. Omega Financial Group LLC’s holdings in Affirm were worth $3,486,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AFRM. Planned Solutions Inc. purchased a new stake in shares of Affirm during the 4th quarter valued at $25,000. Creative Financial Designs Inc. ADV increased its position in Affirm by 82.2% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 665 shares of the company’s stock valued at $33,000 after buying an additional 300 shares in the last quarter. Raleigh Capital Management Inc. purchased a new stake in Affirm in the fourth quarter valued at about $33,000. Global Wealth Strategies & Associates raised its stake in Affirm by 94.0% in the first quarter. Global Wealth Strategies & Associates now owns 970 shares of the company’s stock valued at $36,000 after buying an additional 470 shares during the last quarter. Finally, Principal Securities Inc. acquired a new stake in Affirm in the fourth quarter worth about $49,000. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Affirm Stock Performance

Shares of Affirm stock opened at $30.29 on Monday. The business has a 50-day moving average price of $31.78 and a 200 day moving average price of $37.03. The company has a debt-to-equity ratio of 2.43, a quick ratio of 12.94 and a current ratio of 12.94. Affirm Holdings, Inc. has a twelve month low of $12.81 and a twelve month high of $52.48.

Affirm (NASDAQ:AFRM) last announced its earnings results on Wednesday, May 8th. The company reported ($0.43) earnings per share for the quarter, topping the consensus estimate of ($0.70) by $0.27. Affirm had a negative return on equity of 22.06% and a negative net margin of 32.17%. The business had revenue of $576.00 million during the quarter, compared to the consensus estimate of $549.99 million. During the same period in the prior year, the company posted ($0.69) EPS. The business’s quarterly revenue was up 51.2% on a year-over-year basis. On average, analysts predict that Affirm Holdings, Inc. will post -1.98 EPS for the current fiscal year.

Insider Buying and Selling at Affirm

In other news, Director Keith Rabois sold 9,276 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $32.12, for a total transaction of $297,945.12. Following the completion of the sale, the director now owns 60,000 shares of the company’s stock, valued at $1,927,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 13.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AFRM. Needham & Company LLC restated a “hold” rating on shares of Affirm in a report on Thursday, May 9th. The Goldman Sachs Group restated a “buy” rating and set a $42.00 price target on shares of Affirm in a research note on Monday, June 24th. Mizuho reissued a “buy” rating and set a $65.00 price objective on shares of Affirm in a report on Thursday, June 20th. Royal Bank of Canada restated a “sector perform” rating and issued a $43.00 target price on shares of Affirm in a research note on Friday, May 24th. Finally, Barclays lowered their price target on Affirm from $50.00 to $41.00 and set an “overweight” rating for the company in a research report on Tuesday, April 16th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $32.66.

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.