Sei Investments Co. Grows Stake in Affirm Holdings, Inc. (NASDAQ:AFRM)

Sei Investments Co. increased its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 5.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,840 shares of the company’s stock after buying an additional 2,067 shares during the period. Sei Investments Co.’s holdings in Affirm were worth $2,487,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of AFRM. Hanseatic Management Services Inc. raised its position in shares of Affirm by 12.1% during the 4th quarter. Hanseatic Management Services Inc. now owns 1,797 shares of the company’s stock valued at $109,000 after buying an additional 194 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of Affirm by 29.6% during the 4th quarter. Venturi Wealth Management LLC now owns 1,422 shares of the company’s stock valued at $87,000 after purchasing an additional 325 shares during the last quarter. 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 buying an additional 357 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Affirm by 356.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock worth $32,000 after buying an additional 410 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its stake in Affirm by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 7,942 shares of the company’s stock worth $484,000 after buying an additional 422 shares in the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on AFRM shares. Barclays increased their target price on shares of Affirm from $75.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, February 10th. JMP Securities raised their price target on Affirm from $78.00 to $85.00 and gave the stock a “market outperform” rating in a research report on Friday, February 7th. Wells Fargo & Company lifted their target price on shares of Affirm from $70.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. UBS Group increased their target price on shares of Affirm from $46.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $69.00 price objective on shares of Affirm in a research report on Thursday, March 20th. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.76.

Affirm Price Performance

AFRM stock opened at $35.75 on Friday. The business has a 50 day simple moving average of $58.49 and a 200-day simple moving average of $56.30. The company has a debt-to-equity ratio of 2.68, a current ratio of 11.26 and a quick ratio of 11.26. The firm has a market capitalization of $11.37 billion, a PE ratio of -55.00 and a beta of 3.63. Affirm Holdings, Inc. has a 1 year low of $22.25 and a 1 year high of $82.53.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data 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 net margin of 7.10% and a negative return on equity of 7.25%. Equities research analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Keith Rabois sold 16,088 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $45.41, for a total transaction of $730,556.08. Following the completion of the sale, the director now owns 45,432 shares in the company, valued at approximately $2,063,067.12. This represents a 26.15 % decrease in their ownership of the stock. The sale was disclosed in a filing 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 value of $114,450.00. Following the sale, the director now directly owns 38,997 shares of the company’s stock, valued at approximately $1,785,282.66. This represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 55,762 shares of company stock worth $3,241,246. Corporate insiders own 12.41% of the company’s stock.

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.