Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Purchased by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC raised its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 59.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,878 shares of the company’s stock after purchasing an additional 700 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Affirm were worth $114,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Spyglass Capital Management LLC lifted its stake in shares of Affirm by 9.3% in the 3rd quarter. Spyglass Capital Management LLC now owns 2,348,095 shares of the company’s stock worth $95,849,000 after acquiring an additional 200,449 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Affirm by 44.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,203,210 shares of the company’s stock worth $89,935,000 after acquiring an additional 672,883 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Affirm by 0.6% in the 4th quarter. Bank of New York Mellon Corp now owns 885,097 shares of the company’s stock worth $53,902,000 after acquiring an additional 5,169 shares during the period. Artemis Investment Management LLP lifted its stake in shares of Affirm by 2.1% in the 4th quarter. Artemis Investment Management LLP now owns 770,245 shares of the company’s stock worth $46,908,000 after acquiring an additional 15,517 shares during the period. Finally, Bank of Montreal Can lifted its stake in shares of Affirm by 269.7% in the 3rd quarter. Bank of Montreal Can now owns 724,336 shares of the company’s stock worth $29,814,000 after acquiring an additional 528,400 shares during the period. 69.29% of the stock is owned by institutional investors and hedge funds.

Affirm Stock Up 6.8 %

Affirm stock opened at $50.08 on Monday. The firm has a market cap of $15.93 billion, a PE ratio of -77.05 and a beta of 3.63. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26. The firm’s 50 day moving average price is $61.91 and its two-hundred day moving average price is $55.96. Affirm Holdings, Inc. has a twelve month low of $22.25 and a twelve month high of $82.53.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, beating 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%. On average, research analysts predict that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Affirm from $56.00 to $74.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Barclays increased their target price on shares of Affirm from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Compass Point raised shares of Affirm from a “sell” rating to a “neutral” rating and increased their target price for the company from $20.00 to $61.00 in a research note on Tuesday, January 28th. Bank of America increased their target price on shares of Affirm from $50.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Finally, Mizuho increased their target price on shares of Affirm from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Affirm currently has an average rating of “Moderate Buy” and an average price target of $70.24.

Insider Buying and Selling at Affirm

In other Affirm 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 completion of the sale, the chief financial officer now directly owns 2,963 shares of the company’s stock, valued at $184,535.64. The trade was a 68.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Keith Rabois sold 16,086 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $62.32, for a total transaction of $1,002,479.52. Following the completion of the sale, the director now directly owns 93,694 shares of the company’s stock, valued at $5,839,010.08. This represents a 14.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 59,801 shares of company stock worth $3,806,093. 12.41% of the stock is currently owned by company insiders.

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.