Choreo LLC acquired a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM – Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 4,161 shares of the company’s stock, valued at approximately $261,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Affirm by 45.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,589 shares of the company’s stock valued at $99,000 after buying an additional 496 shares in the last quarter. WT Asset Management Ltd acquired a new stake in Affirm in the fourth quarter valued at approximately $2,244,000. Valley National Advisers Inc. bought a new stake in Affirm in the fourth quarter worth approximately $61,000. China Universal Asset Management Co. Ltd. acquired a new position in shares of Affirm during the 4th quarter worth $338,000. Finally, Waldron Private Wealth LLC raised its holdings in shares of Affirm by 7.0% during the 4th quarter. Waldron Private Wealth LLC now owns 5,479 shares of the company’s stock valued at $334,000 after purchasing an additional 357 shares in the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.
Affirm Price Performance
Shares of NASDAQ:AFRM opened at $80.69 on Friday. The business’s 50 day moving average is $63.89 and its 200-day moving average is $50.95. 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 firm has a market capitalization of $25.34 billion, a PE ratio of -124.14 and a beta of 3.66. Affirm Holdings, Inc. has a 1-year low of $22.25 and a 1-year high of $80.72.
Wall Street Analyst Weigh In
Several research firms have commented on AFRM. JMP Securities increased their target price on shares of Affirm from $78.00 to $85.00 and gave the stock a “market outperform” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. upped their price target on Affirm from $56.00 to $74.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. UBS Group boosted their target price on Affirm from $46.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Royal Bank of Canada increased their price target on Affirm from $67.00 to $81.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. Finally, William Blair began coverage on shares of Affirm in a research note on Wednesday, January 15th. They issued an “outperform” rating for the company. Nine research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $70.24.
Read Our Latest Stock Report on AFRM
Insider Buying and Selling at Affirm
In other news, President Libor Michalek sold 77,105 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $64.08, for a total value of $4,940,888.40. Following the sale, the president now owns 159,449 shares in the company, valued at approximately $10,217,491.92. The trade was a 32.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Michael Linford sold 400,000 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $68.99, for a total transaction of $27,596,000.00. Following the sale, the chief operating officer now owns 85,420 shares of the company’s stock, valued at $5,893,125.80. This trade represents a 82.40 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,038,626 shares of company stock valued at $70,690,871. 12.41% of the stock is currently owned by corporate insiders.
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.
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