Bleakley Financial Group LLC Buys Shares of 3,450 Affirm Holdings, Inc. (NASDAQ:AFRM)

Bleakley Financial Group LLC bought a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,450 shares of the company’s stock, valued at approximately $210,000.

A number of other large investors have also recently added to or reduced their stakes in AFRM. Holocene Advisors LP purchased a new stake in shares of Affirm in the third quarter valued at $27,872,000. 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 valued at $89,935,000 after purchasing an additional 672,883 shares in the last quarter. Bank of Montreal Can increased its position in Affirm by 269.7% during the 3rd quarter. Bank of Montreal Can now owns 724,336 shares of the company’s stock worth $29,814,000 after purchasing an additional 528,400 shares in the last quarter. Atreides Management LP acquired a new position in shares of Affirm during the 3rd quarter valued at $20,404,000. Finally, Quadrature Capital Ltd boosted its position in shares of Affirm by 214.4% in the third quarter. Quadrature Capital Ltd now owns 485,431 shares of the company’s stock worth $19,820,000 after buying an additional 331,042 shares during the period. 69.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. JMP Securities lifted their target price on Affirm from $78.00 to $85.00 and gave the stock a “market outperform” rating in a research report on Friday, February 7th. Bank of America raised their price target on Affirm from $50.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. raised their price target on shares of Affirm from $56.00 to $74.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. William Blair assumed coverage on shares of Affirm in a report on Wednesday, January 15th. They issued an “outperform” rating for the company. Finally, Morgan Stanley boosted their price objective on Affirm from $39.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 28th. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $70.24.

Insider Activity

In other news, Director Noel Bertram Watson sold 2,500 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $72.05, for a total value of $180,125.00. Following the sale, the director now owns 41,497 shares in the company, valued at approximately $2,989,858.85. The trade was a 5.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Michael Linford sold 400,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $68.99, for a total value of $27,596,000.00. Following the completion of the sale, the chief operating officer now owns 85,420 shares of the company’s stock, valued at approximately $5,893,125.80. This trade represents a 82.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,038,626 shares of company stock valued at $70,690,871. 12.41% of the stock is owned by company insiders.

Affirm Stock Performance

Shares of AFRM opened at $75.66 on Thursday. The company’s 50 day moving average price is $63.49 and its 200 day moving average price is $50.37. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $79.67. The company has a market capitalization of $23.76 billion, a PE ratio of -116.40 and a beta of 3.66. The company has a debt-to-equity ratio of 2.50, a quick ratio of 12.60 and a current ratio of 12.60.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, topping 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 7.29%. Research analysts expect that Affirm Holdings, Inc. will post -0.59 EPS for the current fiscal year.

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.