Janney Montgomery Scott LLC Acquires 1,015 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Janney Montgomery Scott LLC raised its position in Affirm Holdings, Inc. (NASDAQ:AFRM) by 9.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,713 shares of the company’s stock after purchasing an additional 1,015 shares during the period. Janney Montgomery Scott LLC’s holdings in Affirm were worth $713,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Holocene Advisors LP bought a new stake in Affirm in the 3rd quarter valued at approximately $27,872,000. Charles Schwab Investment Management Inc. lifted its holdings in Affirm by 44.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,203,210 shares of the company’s stock worth $89,935,000 after purchasing an additional 672,883 shares during the last quarter. Bank of Montreal Can increased its position in 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 buying an additional 528,400 shares during the period. Atreides Management LP bought a new position in shares of Affirm during the third quarter worth approximately $20,404,000. Finally, Quadrature Capital Ltd increased its holdings in Affirm by 214.4% in the 3rd quarter. Quadrature Capital Ltd now owns 485,431 shares of the company’s stock valued at $19,820,000 after buying an additional 331,042 shares during the period. 69.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Wedbush upgraded Affirm from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $25.00 to $45.00 in a research report on Monday, October 14th. UBS Group raised their price objective on Affirm from $46.00 to $62.00 and gave the company a “neutral” rating in a report on Friday. JMP Securities upped their target price on Affirm from $78.00 to $85.00 and gave the stock a “market outperform” rating in a report on Friday. Deutsche Bank Aktiengesellschaft boosted their price target on Affirm from $45.00 to $75.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Finally, The Goldman Sachs Group boosted their target price on shares of Affirm from $57.00 to $78.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Affirm currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.00.

Affirm Trading Up 21.8 %

Shares of Affirm stock opened at $75.22 on Friday. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $76.88. The stock has a 50 day moving average price of $63.09 and a two-hundred day moving average price of $49.18. The company has a debt-to-equity ratio of 2.50, a quick ratio of 12.60 and a current ratio of 12.60. The stock has a market capitalization of $23.62 billion, a PE ratio of -52.97 and a beta of 3.66.

Affirm (NASDAQ:AFRM) last posted 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 net margin of 17.67% and a negative return on equity of 12.57%. As a group, equities analysts anticipate that Affirm Holdings, Inc. will post -0.62 earnings per share for the current fiscal year.

Insider Transactions at Affirm

In related news, Director Keith Rabois sold 16,086 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $60.12, for a total transaction of $967,090.32. Following the completion of the transaction, the director now owns 77,608 shares in the company, valued at approximately $4,665,792.96. This represents a 17.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Katherine Adkins sold 200,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $55.05, for a total transaction of $11,010,000.00. Following the completion of the transaction, the insider now owns 93,545 shares in the company, valued at approximately $5,149,652.25. The trade was a 68.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,339,564 shares of company stock worth $87,252,461 in the last quarter. 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.