Omega Financial Group LLC Sells 4,015 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Omega Financial Group LLC reduced its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 3.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 98,156 shares of the company’s stock after selling 4,015 shares during the quarter. Affirm comprises 1.5% of Omega Financial Group LLC’s holdings, making the stock its 23rd largest holding. Omega Financial Group LLC’s holdings in Affirm were worth $4,007,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Global Wealth Strategies & Associates grew its stake in shares of Affirm by 94.0% in the 1st 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 period. Allspring Global Investments Holdings LLC grew its stake in Affirm by 82.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock valued at $36,000 after acquiring an additional 540 shares during the period. ORG Partners LLC increased its holdings in shares of Affirm by 80.0% during the second quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock valued at $37,000 after acquiring an additional 551 shares in the last quarter. Myecfo LLC raised its position in shares of Affirm by 5.0% during the third quarter. Myecfo LLC now owns 12,260 shares of the company’s stock worth $500,000 after purchasing an additional 589 shares during the period. Finally, Raleigh Capital Management Inc. bought a new position in shares of Affirm in the 4th quarter worth $33,000. 69.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AFRM has been the topic of a number of recent research reports. Mizuho reaffirmed an “outperform” rating and issued a $65.00 price objective on shares of Affirm in a research note on Tuesday, August 27th. JMP Securities began coverage on shares of Affirm in a research report on Friday, June 28th. They issued a “market perform” rating on the stock. Wedbush boosted their price objective on Affirm from $20.00 to $25.00 and gave the stock an “underperform” rating in a report on Thursday, August 29th. Bank of America raised their target price on Affirm from $36.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $46.00 price target on shares of Affirm in a report on Friday. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $35.53.

Insider Buying and Selling

In related news, Director Keith Rabois sold 9,275 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $26.90, for a total transaction of $249,497.50. Following the sale, the director now directly owns 64,348 shares of the company’s stock, valued at $1,730,961.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Keith Rabois sold 9,275 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $26.90, for a total value of $249,497.50. Following the completion of the transaction, the director now owns 64,348 shares of the company’s stock, valued at approximately $1,730,961.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Christa S. Quarles sold 14,400 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $40.02, for a total value of $576,288.00. Following the transaction, the director now directly owns 141,903 shares of the company’s stock, valued at approximately $5,678,958.06. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 112,075 shares of company stock worth $4,803,786. 13.05% of the stock is owned by company insiders.

Affirm Stock Performance

Shares of NASDAQ AFRM opened at $38.60 on Tuesday. The company has a current ratio of 13.07, a quick ratio of 13.07 and a debt-to-equity ratio of 2.41. Affirm Holdings, Inc. has a 12-month low of $15.97 and a 12-month high of $52.48. The firm has a market capitalization of $11.93 billion, a price-to-earnings ratio of -17.31 and a beta of 3.50. The firm has a 50 day moving average of $35.53 and a 200 day moving average of $33.05.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Wednesday, August 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.31. The company had revenue of $659.19 million during the quarter, compared to the consensus estimate of $599.50 million. Affirm had a negative return on equity of 15.55% and a negative net margin of 22.29%. On average, research analysts anticipate that Affirm Holdings, Inc. will post -0.82 earnings per share for the current year.

Affirm Company 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.