Bleakley Financial Group LLC Invests $210,000 in Affirm Holdings, Inc. (NASDAQ:AFRM)

Bleakley Financial Group LLC bought a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,450 shares of the company’s stock, valued at approximately $210,000.

Several other institutional investors and hedge funds have also bought and sold shares of AFRM. Oppenheimer & Co. Inc. bought a new stake in Affirm during the 3rd quarter valued at about $1,419,000. Quest Partners LLC bought a new position in Affirm during the third quarter valued at approximately $391,000. International Assets Investment Management LLC bought a new position in shares of Affirm in the 3rd quarter valued at about $731,000. Entropy Technologies LP purchased a new position in Affirm during the third quarter worth $464,000. Finally, Nordea Investment Management AB bought a new position in shares of Affirm during the fourth quarter valued at approximately $6,380,000. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Affirm

In related news, Director Keith Rabois sold 16,086 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $68.98, for a total value of $1,109,612.28. Following the completion of the sale, the director now owns 109,780 shares in the company, valued at $7,572,624.40. This represents a 12.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Michael Linford sold 400,000 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $68.99, for a total value of $27,596,000.00. Following the sale, the chief operating officer now directly owns 85,420 shares of the company’s stock, valued at approximately $5,893,125.80. This represents a 82.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,038,626 shares of company stock valued at $70,690,871. Insiders own 12.41% of the company’s stock.

Affirm Trading Down 3.0 %

NASDAQ AFRM opened at $75.66 on Thursday. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $79.67. The company has a debt-to-equity ratio of 2.50, a current ratio of 12.60 and a quick ratio of 12.60. The firm’s 50-day moving average is $63.49 and its two-hundred day moving average is $50.37. The stock has a market capitalization of $23.76 billion, a P/E ratio of -116.40 and a beta of 3.66.

Affirm (NASDAQ:AFRM) last released its earnings results on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.44. Affirm had a negative return on equity of 7.29% and a negative net margin of 7.10%. On average, sell-side analysts anticipate that Affirm Holdings, Inc. will post -0.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AFRM has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Affirm in a research report on Friday, February 7th. Mizuho lifted their target price on shares of Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Royal Bank of Canada increased their price objective on Affirm from $67.00 to $81.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. Susquehanna lowered Affirm from a “positive” rating to a “neutral” rating and set a $57.00 target price on the stock. in a report on Tuesday, January 21st. Finally, JMP Securities lifted their price target on Affirm from $78.00 to $85.00 and gave the company a “market outperform” rating in a research note on Friday, February 7th. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $70.24.

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.