4,082 Shares in Affirm Holdings, Inc. (NASDAQ:AFRM) Bought by Ballentine Partners LLC

Ballentine Partners LLC purchased a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,082 shares of the company’s stock, valued at approximately $249,000.

Other institutional investors have also modified their holdings of the company. Bank of Montreal Can grew its position in Affirm by 2,305.3% in the 2nd quarter. Bank of Montreal Can now owns 195,936 shares of the company’s stock valued at $6,466,000 after buying an additional 187,790 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of Affirm during the third quarter valued at approximately $1,419,000. Quest Partners LLC bought a new stake in Affirm during the third quarter worth approximately $391,000. International Assets Investment Management LLC bought a new position in Affirm during the 3rd quarter valued at $731,000. Finally, Entropy Technologies LP acquired a new position in shares of Affirm during the 3rd quarter valued at $464,000. Institutional investors own 69.29% of the company’s stock.

Affirm Price Performance

Shares of NASDAQ:AFRM opened at $55.73 on Friday. The firm has a market cap of $17.50 billion, a price-to-earnings ratio of -39.25 and a beta of 3.67. Affirm Holdings, Inc. has a 1 year low of $22.25 and a 1 year high of $73.34. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50. The business has a fifty day simple moving average of $64.08 and a 200 day simple moving average of $47.15.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $698.48 million during the quarter, compared to analysts’ expectations of $661.39 million. During the same period in the previous year, the company earned ($0.57) earnings per share. As a group, sell-side analysts predict that Affirm Holdings, Inc. will post -0.62 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Katherine Adkins sold 200,000 shares of the business’s stock in a transaction on 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 transaction, the insider now owns 93,545 shares of the company’s stock, valued at approximately $5,149,652.25. The trade was a 68.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Libor Michalek sold 6,629 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $72.08, for a total transaction of $477,818.32. Following the completion of the sale, the president now directly 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. Insiders sold a total of 1,323,478 shares of company stock valued at $86,285,371 in the last quarter. Insiders own 12.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AFRM. JPMorgan Chase & Co. upped their price objective on Affirm from $56.00 to $74.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. William Blair started coverage on shares of Affirm in a report on Wednesday, January 15th. They issued an “outperform” rating for the company. Wells Fargo & Company boosted their target price on shares of Affirm from $55.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Barclays increased their target price on shares of Affirm from $64.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Finally, The Goldman Sachs Group upped their price target on Affirm from $57.00 to $78.00 and gave the company a “buy” rating in a report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $61.88.

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.