Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Bought by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. raised its position in Affirm Holdings, Inc. (NASDAQ:AFRM) by 87.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,470 shares of the company’s stock after purchasing an additional 10,469 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Affirm were worth $679,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Global Wealth Strategies & Associates increased its position in Affirm by 94.0% during the 1st quarter. Global Wealth Strategies & Associates now owns 970 shares of the company’s stock worth $36,000 after purchasing an additional 470 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Affirm by 82.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock worth $36,000 after acquiring an additional 540 shares in the last quarter. ORG Partners LLC raised its stake in shares of Affirm by 80.0% in the 2nd quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock valued at $37,000 after acquiring an additional 551 shares during the period. Raleigh Capital Management Inc. acquired a new position in shares of Affirm during the 4th quarter valued at $33,000. Finally, Myecfo LLC boosted its position in Affirm by 6.1% during the 2nd quarter. Myecfo LLC now owns 11,671 shares of the company’s stock worth $353,000 after purchasing an additional 676 shares during the period. 69.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Affirm

In other news, insider Katherine Adkins sold 82,316 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $45.00, for a total value of $3,704,220.00. Following the transaction, the insider now directly owns 91,499 shares in the company, valued at approximately $4,117,455. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Katherine Adkins sold 82,316 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $45.00, for a total transaction of $3,704,220.00. Following the completion of the sale, the insider now owns 91,499 shares of the company’s stock, valued at approximately $4,117,455. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Keith Rabois sold 9,275 shares of the 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 sale, the director now owns 64,348 shares in the company, valued at approximately $1,730,961.20. The disclosure for this sale can be found here. Insiders sold a total of 121,351 shares of company stock worth $5,081,045 over the last 90 days. Insiders own 13.05% of the company’s stock.

Analysts Set New Price Targets

AFRM has been the topic of several research reports. Bank of America raised their price objective on Affirm from $36.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Royal Bank of Canada lifted their price objective on shares of Affirm from $43.00 to $46.00 and gave the company a “sector perform” rating in a research note on Thursday, August 29th. Wedbush upped their target price on shares of Affirm from $20.00 to $25.00 and gave the company an “underperform” rating in a research note on Thursday, August 29th. Mizuho reaffirmed an “outperform” rating and set a $65.00 price target on shares of Affirm in a research note on Tuesday, August 27th. Finally, JMP Securities initiated coverage on shares of Affirm in a report on Friday, June 28th. They issued a “market perform” rating on the stock. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Affirm has an average rating of “Hold” and a consensus price target of $35.31.

Affirm Price Performance

Shares of NASDAQ AFRM opened at $44.93 on Friday. The business has a 50 day simple moving average of $32.71 and a 200-day simple moving average of $32.69. Affirm Holdings, Inc. has a twelve month low of $15.97 and a twelve month high of $52.48. The company has a market capitalization of $13.89 billion, a price-to-earnings ratio of -20.15 and a beta of 3.51. The company has a current ratio of 13.07, a quick ratio of 13.07 and a debt-to-equity ratio of 2.41.

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.