Private Advisor Group LLC Boosts Stock Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Private Advisor Group LLC lifted its position in Affirm Holdings, Inc. (NASDAQ:AFRM) by 8.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,528 shares of the company’s stock after buying an additional 792 shares during the quarter. Private Advisor Group LLC’s holdings in Affirm were worth $430,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Affirm by 6.8% during the 1st quarter. Vanguard Group Inc. now owns 20,823,803 shares of the company’s stock worth $775,895,000 after purchasing an additional 1,316,901 shares during the period. Capital World Investors increased its holdings in Affirm by 0.4% during the 1st quarter. Capital World Investors now owns 19,079,071 shares of the company’s stock worth $710,886,000 after purchasing an additional 77,050 shares during the period. Dragoneer Investment Group LLC purchased a new stake in Affirm during the 2nd quarter worth about $45,219,000. Bank of New York Mellon Corp increased its holdings in Affirm by 25.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 866,946 shares of the company’s stock worth $26,190,000 after purchasing an additional 176,675 shares during the period. Finally, Artemis Investment Management LLP acquired a new position in shares of Affirm during the 3rd quarter worth about $30,808,000. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Insider Transactions at Affirm

In other news, insider Katherine Adkins sold 82,316 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $45.00, for a total value of $3,704,220.00. Following the completion of the transaction, the insider now directly owns 91,499 shares of the company’s stock, valued at $4,117,455. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Katherine Adkins sold 82,316 shares of Affirm stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $45.00, for a total value of $3,704,220.00. Following the completion of the sale, the insider now owns 91,499 shares of the company’s stock, valued at $4,117,455. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christa S. Quarles sold 14,400 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $40.02, for a total value of $576,288.00. Following the sale, the director now directly owns 141,903 shares of the company’s stock, valued at approximately $5,678,958.06. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,800 shares of company stock valued at $4,554,288 over the last three months. 13.05% of the stock is currently owned by insiders.

Affirm Stock Up 1.1 %

AFRM opened at $43.69 on Tuesday. The company has a debt-to-equity ratio of 2.41, a current ratio of 13.07 and a quick ratio of 13.07. The business has a 50 day simple moving average of $42.15 and a 200-day simple moving average of $34.44. The stock has a market capitalization of $13.59 billion, a P/E ratio of -26.01 and a beta of 3.47. Affirm Holdings, Inc. has a 12 month low of $20.20 and a 12 month high of $52.48.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Wednesday, August 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.45) by $0.31. The firm had revenue of $659.19 million during the quarter, compared to analysts’ expectations of $599.50 million. Affirm had a negative return on equity of 15.55% and a negative net margin of 22.29%. On average, equities analysts anticipate that Affirm Holdings, Inc. will post -0.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AFRM shares. Susquehanna started coverage on Affirm in a research report on Friday, September 20th. They set a “positive” rating and a $52.00 target price on the stock. Wedbush raised Affirm from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $25.00 to $45.00 in a research report on Monday, October 14th. Mizuho reissued an “outperform” rating and set a $65.00 target price on shares of Affirm in a research report on Tuesday, August 27th. JPMorgan Chase & Co. raised their target price on Affirm from $43.00 to $45.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $46.00 price target on shares of Affirm in a research note on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $43.08.

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.