Caprock Group LLC Buys 680 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Caprock Group LLC lifted its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 8.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 8,470 shares of the company’s stock after buying an additional 680 shares during the quarter. Caprock Group LLC’s holdings in Affirm were worth $346,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ridgewood Investments LLC acquired a new stake in Affirm during the second quarter worth approximately $27,000. ORG Wealth Partners LLC acquired a new stake in Affirm during the 3rd quarter worth approximately $29,000. Allspring Global Investments Holdings LLC lifted its holdings in Affirm by 82.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock worth $36,000 after purchasing an additional 540 shares during the last quarter. ORG Partners LLC boosted its stake in 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 purchasing an additional 551 shares during the period. Finally, Venturi Wealth Management LLC grew its holdings in Affirm by 200.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock valued at $45,000 after buying an additional 732 shares in the last quarter. Institutional investors own 69.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AFRM shares. Needham & Company LLC reissued a “hold” rating on shares of Affirm in a research report on Friday, September 6th. Mizuho boosted their price objective on shares of Affirm from $65.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, November 19th. Bank of America raised their target price on shares of Affirm from $50.00 to $74.00 and gave the stock a “buy” rating in a report on Friday. JPMorgan Chase & Co. boosted their price target on Affirm from $47.00 to $56.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Finally, The Goldman Sachs Group raised their price objective on Affirm from $46.00 to $54.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $50.44.

Affirm Trading Up 1.2 %

AFRM opened at $66.55 on Friday. The company has a market cap of $20.90 billion, a P/E ratio of -46.87 and a beta of 3.47. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50. The company’s 50 day moving average is $46.89 and its 200-day moving average is $36.73. Affirm Holdings, Inc. has a 1-year low of $22.25 and a 1-year high of $70.03.

Affirm (NASDAQ:AFRM) last issued its earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.05. The firm had revenue of $698.48 million for the quarter, compared to analyst estimates of $661.39 million. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.57%. During the same quarter last year, the business posted ($0.57) earnings per share. Equities research analysts predict that Affirm Holdings, Inc. will post -0.53 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, President Libor Michalek sold 100,000 shares of Affirm stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $62.00, for a total transaction of $6,200,000.00. Following the sale, the president now directly owns 159,449 shares in the company, valued at $9,885,838. This trade represents a 38.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Katherine Adkins sold 6,084 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $45.00, for a total transaction of $273,780.00. Following the sale, the insider now directly owns 122,069 shares in the company, valued at $5,493,105. The trade was a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 580,843 shares of company stock worth $32,256,766 in the last 90 days. Insiders own 12.41% of the company’s stock.

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.