Partners Wealth Management LLC acquired a new position in Affirm Holdings, Inc. (NASDAQ:AFRM – Free Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 13,953 shares of the company’s stock, valued at approximately $966,000.
Other hedge funds have also recently made changes to their positions in the company. TD Waterhouse Canada Inc. increased its position in Affirm by 386.5% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 51,844 shares of the company’s stock valued at $4,228,000 after purchasing an additional 41,187 shares during the period. SteelPeak Wealth LLC bought a new position in Affirm in the 1st quarter worth $935,000. Dimensional Fund Advisors LP raised its holdings in Affirm by 11.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,574,660 shares of the company’s stock worth $72,100,000 after purchasing an additional 166,252 shares in the last quarter. Nykredit A S bought a new position in Affirm in the 2nd quarter worth $7,170,000. Finally, Royal Bank of Canada lifted its position in shares of Affirm by 8.4% in the 1st quarter. Royal Bank of Canada now owns 318,783 shares of the company’s stock worth $14,607,000 after purchasing an additional 24,583 shares during the period. 69.29% of the stock is owned by hedge funds and other institutional investors.
Affirm Price Performance
Shares of AFRM stock opened at $73.47 on Friday. The business’s fifty day moving average is $73.08 and its 200 day moving average is $66.59. The company has a quick ratio of 11.80, a current ratio of 11.80 and a debt-to-equity ratio of 1.82. The stock has a market cap of $24.79 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 3.04 and a beta of 3.82. Affirm Holdings, Inc. has a twelve month low of $42.10 and a twelve month high of $90.44.
Affirm (NASDAQ:AFRM – Get Free Report) last announced its quarterly earnings data on Thursday, August 27th. The company reported $4.62 EPS for the quarter, beating the consensus estimate of $0.35 by $4.27. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.11 billion. Affirm had a return on equity of 47.91% and a net margin of 45.29%. The company’s revenue for the quarter was up 33.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 earnings per share. Research analysts expect that Affirm Holdings, Inc. will post 1.89 EPS for the current fiscal year.
Insider Buying and Selling at Affirm
In related news, insider Katherine Adkins sold 41,664 shares of the stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $75.53, for a total value of $3,146,881.92. Following the completion of the transaction, the insider directly owned 152,439 shares in the company, valued at $11,513,717.67. This trade represents a 21.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Siphelele Jiyane sold 26,980 shares of the stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $72.19, for a total transaction of $1,947,686.20. Following the completion of the transaction, the chief accounting officer owned 188,711 shares of the company’s stock, valued at approximately $13,623,047.09. The trade was a 12.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 280,118 shares of company stock valued at $22,223,307 over the last 90 days. 11.01% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on AFRM. Compass Point set a $100.00 target price on shares of Affirm in a research note on Friday, July 17th. Barclays boosted their price target on shares of Affirm from $97.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, August 28th. Royal Bank Of Canada increased their price target on shares of Affirm from $80.00 to $96.00 and gave the stock a “sector perform” rating in a research note on Friday, August 28th. Robert W. Baird raised their price objective on shares of Affirm from $70.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Finally, Truist Financial lifted their price objective on Affirm from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Affirm presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.41.
View Our Latest Research Report on Affirm
Affirm Company Profile
Affirm Holdings, Inc (NASDAQ: AFRM) operates a financial technology platform that provides consumers with flexible payment options at the point of sale. Its services allow shoppers to split eligible purchases into scheduled installments, with terms and costs disclosed before a transaction is completed.
Affirm’s platform is available through online and mobile checkout experiences, as well as through the Affirm app. Its product offerings include buy now, pay later financing, the Affirm Card, and savings products.
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