Commonwealth Equity Services LLC Has $2.06 Million Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

Commonwealth Equity Services LLC trimmed its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 15.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,757 shares of the company’s stock after selling 5,989 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Affirm were worth $2,056,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Natixis Advisors LLC bought a new position in shares of Affirm during the third quarter worth approximately $759,000. Advisors Asset Management Inc. increased its stake in Affirm by 168.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after acquiring an additional 671 shares during the period. Independent Advisor Alliance lifted its position in shares of Affirm by 10.8% during the 3rd quarter. Independent Advisor Alliance now owns 16,449 shares of the company’s stock valued at $671,000 after acquiring an additional 1,609 shares during the period. Bank of Montreal Can grew its holdings in shares of Affirm by 269.7% during the 3rd quarter. Bank of Montreal Can now owns 724,336 shares of the company’s stock worth $29,814,000 after purchasing an additional 528,400 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Affirm by 6.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 54,782 shares of the company’s stock worth $2,236,000 after purchasing an additional 3,194 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AFRM. William Blair initiated coverage on shares of Affirm in a research report on Wednesday, January 15th. They set an “outperform” rating for the company. Morgan Stanley upped their price target on shares of Affirm from $39.00 to $55.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 28th. Compass Point upgraded shares of Affirm from a “neutral” rating to a “buy” rating and increased their price target for the stock from $61.00 to $64.00 in a research report on Wednesday, March 19th. JPMorgan Chase & Co. boosted their price objective on shares of Affirm from $56.00 to $74.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. Finally, Barclays upped their target price on Affirm from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Eight investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Affirm presently has a consensus rating of “Moderate Buy” and an average price target of $69.76.

Affirm Price Performance

AFRM stock opened at $47.38 on Friday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26. Affirm Holdings, Inc. has a 52-week low of $22.25 and a 52-week high of $82.53. The company has a market capitalization of $15.07 billion, a P/E ratio of -72.89 and a beta of 3.63. The company has a fifty day moving average price of $60.13 and a 200-day moving average price of $56.20.

Affirm (NASDAQ:AFRM) last announced its earnings results on Thursday, February 6th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of ($0.21) by $0.44. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. As a group, equities analysts expect that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Insider Activity at Affirm

In other news, CFO Robert O’hare sold 6,541 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $62.28, for a total value of $407,373.48. Following the transaction, the chief financial officer now owns 2,963 shares in the company, valued at approximately $184,535.64. The trade was a 68.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Noel Bertram Watson sold 2,500 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $45.78, for a total transaction of $114,450.00. Following the sale, the director now owns 38,997 shares of the company’s stock, valued at approximately $1,785,282.66. This trade represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 62,301 shares of company stock worth $3,920,543 over the last ninety days. Insiders own 12.41% of the company’s stock.

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.