International Assets Investment Management LLC Invests $731,000 in Affirm Holdings, Inc. (NASDAQ:AFRM)

International Assets Investment Management LLC purchased a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 17,920 shares of the company’s stock, valued at approximately $731,000.

Several other institutional investors have also made changes to their positions in AFRM. Bank of Montreal Can lifted its stake in Affirm by 2,305.3% during the second quarter. Bank of Montreal Can now owns 195,936 shares of the company’s stock worth $6,466,000 after purchasing an additional 187,790 shares during the last quarter. Avantax Advisory Services Inc. acquired a new position in shares of Affirm during the first quarter worth $258,000. Dragoneer Investment Group LLC acquired a new position in shares of Affirm during the second quarter worth $45,219,000. Vanguard Group Inc. increased its holdings in shares of Affirm by 6.8% during the first quarter. Vanguard Group Inc. now owns 20,823,803 shares of the company’s stock worth $775,895,000 after buying an additional 1,316,901 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Affirm during the first quarter worth $265,000. 69.29% of the stock is currently owned by institutional investors.

Affirm Trading Up 4.4 %

NASDAQ:AFRM opened at $45.60 on Wednesday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 13.07 and a current ratio of 13.07. The firm has a market cap of $14.19 billion, a price-to-earnings ratio of -27.14 and a beta of 3.47. Affirm Holdings, Inc. has a 52 week low of $20.20 and a 52 week high of $52.48. The firm has a 50-day moving average price of $42.15 and a two-hundred day moving average price of $34.44.

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

Insider Transactions at Affirm

In other news, Director Christa S. Quarles sold 14,400 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $40.02, for a total transaction of $576,288.00. Following the completion of the sale, the director now owns 141,903 shares in the company, valued at $5,678,958.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Katherine Adkins sold 82,316 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $45.00, for a total transaction of $3,704,220.00. Following the completion of the sale, the insider now owns 91,499 shares in the company, valued at $4,117,455. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christa S. Quarles sold 14,400 shares of the firm’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 transaction of $576,288.00. Following the sale, the director now 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 position. The disclosure for this sale can be found here. Insiders sold a total of 102,800 shares of company stock worth $4,554,288 in the last quarter. Insiders own 12.41% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on AFRM shares. Wells Fargo & Company upgraded Affirm from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $40.00 to $52.00 in a report on Friday, October 11th. JPMorgan Chase & Co. increased their price target on Affirm from $43.00 to $45.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Mizuho reissued an “outperform” rating and set a $65.00 price objective on shares of Affirm in a research report on Tuesday, August 27th. Barclays increased their price objective on shares of Affirm from $50.00 to $54.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Finally, BTIG Research raised shares of Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price objective on the stock in a research report on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.