Waldron Private Wealth LLC Invests $209,000 in Affirm Holdings, Inc. (NASDAQ:AFRM)

Waldron Private Wealth LLC bought a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,122 shares of the company’s stock, valued at approximately $209,000.

A number of other large investors also recently added to or reduced their stakes in AFRM. Allspring Global Investments Holdings LLC grew its stake in shares of Affirm by 82.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock valued at $36,000 after buying an additional 540 shares during the last quarter. ORG Partners LLC increased its stake in Affirm by 80.0% in the 2nd quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock worth $37,000 after purchasing an additional 551 shares during the period. Myecfo LLC lifted its position in Affirm by 5.0% in the third quarter. Myecfo LLC now owns 12,260 shares of the company’s stock valued at $500,000 after purchasing an additional 589 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Affirm by 5.7% during the second quarter. Commonwealth Equity Services LLC now owns 12,548 shares of the company’s stock valued at $379,000 after purchasing an additional 680 shares during the period. Finally, ORG Wealth Partners LLC bought a new position in shares of Affirm in the third quarter worth approximately $29,000. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on AFRM shares. Morgan Stanley raised shares of Affirm from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $22.00 to $37.00 in a research report on Wednesday, October 9th. Needham & Company LLC restated a “hold” rating on shares of Affirm in a report on Friday, September 6th. Barclays increased their price objective on Affirm from $50.00 to $54.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Mizuho reiterated an “outperform” rating and issued a $65.00 price objective on shares of Affirm in a research report on Tuesday, August 27th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $46.00 target price on shares of Affirm in a report on Friday, October 4th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $41.50.

Insider Buying and Selling at Affirm

In other news, insider Katherine Adkins sold 82,316 shares of the company’s stock in a transaction that occurred on 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 owns 91,499 shares in the company, valued at approximately $4,117,455. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Affirm news, Director Christa S. Quarles sold 14,400 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $40.02, for a total transaction of $576,288.00. Following the transaction, the director now owns 141,903 shares in the company, valued at approximately $5,678,958.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $3,704,220.00. Following the sale, the insider now directly owns 91,499 shares in the company, valued at approximately $4,117,455. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 112,075 shares of company stock worth $4,803,786. 13.05% of the stock is owned by corporate insiders.

Affirm Stock Performance

Shares of AFRM opened at $41.81 on Thursday. Affirm Holdings, Inc. has a 52 week low of $15.97 and a 52 week high of $52.48. 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 stock has a market cap of $12.92 billion, a P/E ratio of -18.75 and a beta of 3.50. The business’s 50 day moving average price is $39.77 and its 200-day moving average price is $33.79.

Affirm (NASDAQ:AFRM) last released its 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 return on equity of 15.55% and a negative net margin of 22.29%. The firm had revenue of $659.19 million for the quarter, compared to analysts’ expectations of $599.50 million. Equities research analysts anticipate 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.