Stephens Inc. AR Makes New $314,000 Investment in Affirm Holdings, Inc. (NASDAQ:AFRM)

Stephens Inc. AR acquired a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 7,693 shares of the company’s stock, valued at approximately $314,000.

A number of other large investors also recently bought and sold shares of the company. Bank of Montreal Can increased its holdings in shares of Affirm by 2,305.3% in the 2nd quarter. Bank of Montreal Can now owns 195,936 shares of the company’s stock valued at $6,466,000 after purchasing an additional 187,790 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Affirm in the 3rd quarter valued at about $731,000. Avantax Advisory Services Inc. purchased a new position in shares of Affirm in the 1st quarter valued at about $258,000. Dragoneer Investment Group LLC purchased a new position in shares of Affirm in the 2nd quarter valued at about $45,219,000. Finally, Diversify Advisory Services LLC increased its holdings in shares of Affirm by 17.5% in the 3rd quarter. Diversify Advisory Services LLC now owns 107,379 shares of the company’s stock valued at $4,724,000 after purchasing an additional 15,993 shares in the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Insider Transactions at Affirm

In other news, Director Christa S. Quarles sold 14,400 shares of the 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 directly owns 141,903 shares in the company, valued at $5,678,958.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Katherine Adkins sold 6,084 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $45.00, for a total value of $273,780.00. Following the transaction, the insider now owns 122,069 shares in the company, valued at approximately $5,493,105. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Christa S. Quarles sold 14,400 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $40.02, for a total transaction of $576,288.00. Following the completion of the transaction, the director now owns 141,903 shares in the company, valued at $5,678,958.06. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,800 shares of company stock worth $4,554,288 in the last three months. Company insiders own 12.41% of the company’s stock.

Affirm Price Performance

Affirm stock opened at $48.79 on Friday. Affirm Holdings, Inc. has a 12-month low of $20.20 and a 12-month high of $52.48. The stock has a market capitalization of $15.18 billion, a P/E ratio of -29.04 and a beta of 3.47. The firm’s 50-day moving average is $42.93 and its two-hundred day moving average is $34.75. The company has a debt-to-equity ratio of 2.41, a current ratio of 13.07 and a quick ratio of 13.07.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Wednesday, August 28th. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.45) by $0.31. The business had revenue of $659.19 million for the quarter, compared to analyst estimates of $599.50 million. Affirm had a negative net margin of 22.29% and a negative return on equity of 15.55%. Equities analysts predict that Affirm Holdings, Inc. will post -0.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AFRM. The Goldman Sachs Group increased their price target on shares of Affirm from $46.00 to $54.00 and gave the company a “buy” rating in a report on Monday, October 14th. Susquehanna began coverage on shares of Affirm in a report on Friday, September 20th. They issued a “positive” rating and a $52.00 price target for the company. Wedbush upgraded shares of Affirm from an “underperform” rating to a “neutral” rating and increased their price target for the company from $25.00 to $45.00 in a report on Monday, October 14th. BTIG Research raised shares of Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Tuesday, October 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Affirm from $43.00 to $45.00 and gave the company an “overweight” rating in a research note on Tuesday, August 20th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Affirm presently has an average rating of “Hold” and a consensus target price of $43.08.

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.