Sequoia Financial Advisors LLC Buys 1,666 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Sequoia Financial Advisors LLC boosted its position in Affirm Holdings, Inc. (NASDAQ:AFRM) by 16.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,825 shares of the company’s stock after acquiring an additional 1,666 shares during the period. Sequoia Financial Advisors LLC’s holdings in Affirm were worth $483,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. State of Michigan Retirement System bought a new position in shares of Affirm in the first quarter valued at approximately $1,002,000. Myecfo LLC raised its position in Affirm by 24.2% in the 1st quarter. Myecfo LLC now owns 10,995 shares of the company’s stock valued at $410,000 after buying an additional 2,144 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Affirm by 34.3% during the 1st quarter. Principal Financial Group Inc. now owns 19,065 shares of the company’s stock valued at $710,000 after acquiring an additional 4,868 shares in the last quarter. SpiderRock Advisors LLC purchased a new position in Affirm during the 1st quarter worth $837,000. Finally, HB Wealth Management LLC grew its stake in shares of Affirm by 39.3% in the 1st quarter. HB Wealth Management LLC now owns 9,906 shares of the company’s stock worth $369,000 after acquiring an additional 2,794 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors.

Insider Activity at Affirm

In related news, Director Keith Rabois sold 9,275 shares of Affirm stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $26.90, for a total value of $249,497.50. Following the transaction, the director now directly owns 64,348 shares of the company’s stock, valued at $1,730,961.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Christa S. Quarles sold 14,400 shares of Affirm stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $40.02, for a total value of $576,288.00. Following the sale, the director now owns 141,903 shares in the company, valued at $5,678,958.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Keith Rabois sold 9,275 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $26.90, for a total transaction of $249,497.50. Following the completion of the sale, the director now directly owns 64,348 shares of the company’s stock, valued at approximately $1,730,961.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 112,075 shares of company stock worth $4,803,786 in the last ninety days. 13.05% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

AFRM has been the topic of a number of recent analyst reports. Barclays raised their price target on shares of Affirm from $50.00 to $54.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. The Goldman Sachs Group boosted their target price on Affirm from $46.00 to $54.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Morgan Stanley raised Affirm from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $22.00 to $37.00 in a report on Wednesday, October 9th. Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a report on Friday, September 6th. Finally, BTIG Research raised Affirm from a “neutral” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Affirm presently has an average rating of “Hold” and an average price target of $43.08.

Affirm Price Performance

Affirm stock opened at $40.70 on Monday. The stock has a market cap of $12.58 billion, a price-to-earnings ratio of -18.25 and a beta of 3.50. The company has a quick ratio of 13.07, a current ratio of 13.07 and a debt-to-equity ratio of 2.41. The business has a 50-day simple moving average of $40.59 and a 200 day simple moving average of $33.95. Affirm Holdings, Inc. has a 52 week low of $16.38 and a 52 week high of $52.48.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings results on Wednesday, August 28th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.31. Affirm had a negative net margin of 22.29% and a negative return on equity of 15.55%. The firm had revenue of $659.19 million for the quarter, compared to analyst estimates of $599.50 million. On average, research analysts forecast that Affirm Holdings, Inc. will post -0.82 earnings per share for the current fiscal year.

About Affirm

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.