Algert Global LLC Purchases 30,360 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Algert Global LLC grew its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 24.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 154,252 shares of the company’s stock after acquiring an additional 30,360 shares during the period. Algert Global LLC’s holdings in Affirm were worth $4,660,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Corient Private Wealth LLC purchased a new position in shares of Affirm in the fourth quarter valued at $620,000. Treasurer of the State of North Carolina raised its holdings in shares of Affirm by 4.5% in the 4th quarter. Treasurer of the State of North Carolina now owns 99,856 shares of the company’s stock valued at $4,907,000 after purchasing an additional 4,320 shares in the last quarter. Scotia Capital Inc. purchased a new stake in Affirm during the fourth quarter worth $314,000. California State Teachers Retirement System boosted its position in Affirm by 1.8% during the fourth quarter. California State Teachers Retirement System now owns 229,868 shares of the company’s stock valued at $11,296,000 after purchasing an additional 4,137 shares in the last quarter. Finally, CIBC Asset Management Inc purchased a new position in shares of Affirm in the 4th quarter worth approximately $277,000. 69.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AFRM has been the topic of a number of research analyst reports. The Goldman Sachs Group restated a “buy” rating and set a $42.00 price target on shares of Affirm in a research note on Monday, June 24th. JMP Securities began coverage on Affirm in a report on Friday, June 28th. They issued a “market perform” rating for the company. Bank of America increased their price target on shares of Affirm from $36.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Barclays raised their price objective on Affirm from $50.00 to $54.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Finally, Mizuho reissued an “outperform” rating and set a $65.00 target price on shares of Affirm in a research note on Tuesday, August 27th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $35.53.

Insiders Place Their Bets

In other Affirm news, insider Katherine Adkins sold 82,316 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $45.00, for a total transaction of $3,704,220.00. Following the sale, the insider now owns 91,499 shares in the company, valued at approximately $4,117,455. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Christa S. Quarles sold 14,400 shares of the firm’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $40.02, for a total transaction of $576,288.00. Following the sale, the director now owns 141,903 shares of the company’s stock, valued at approximately $5,678,958.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Katherine Adkins sold 82,316 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $45.00, for a total transaction of $3,704,220.00. Following the sale, the insider now owns 91,499 shares of the company’s stock, valued at approximately $4,117,455. The disclosure for this sale can be found here. Insiders have sold a total of 112,075 shares of company stock worth $4,803,786 in the last ninety days. 13.05% of the stock is owned by corporate insiders.

Affirm Price Performance

AFRM stock opened at $41.16 on Monday. The stock has a market cap of $12.72 billion, a price-to-earnings ratio of -18.46 and a beta of 3.51. Affirm Holdings, Inc. has a 52-week low of $15.97 and a 52-week high of $52.48. The business has a fifty day moving average of $34.15 and a two-hundred day moving average of $32.88. The company has a quick ratio of 13.07, a current ratio of 13.07 and a debt-to-equity ratio of 2.41.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Wednesday, August 28th. The company reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.31. The business had revenue of $659.19 million during the quarter, compared to analysts’ expectations of $599.50 million. Affirm had a negative return on equity of 15.55% and a negative net margin of 22.29%. As a group, research analysts anticipate that Affirm Holdings, Inc. will post -0.82 earnings per share for the current year.

Affirm Company 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.