Everence Capital Management Inc. Acquires Shares of 7,230 Affirm Holdings, Inc. (NASDAQ:AFRM)

Everence Capital Management Inc. bought a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,230 shares of the company’s stock, valued at approximately $440,000.

Other institutional investors have also made changes to their positions in the company. ORG Wealth Partners LLC acquired a new stake in Affirm in the 3rd quarter valued at about $29,000. 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 purchasing an additional 540 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Affirm by 168.2% in the third quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock valued at $44,000 after purchasing an additional 671 shares in the last quarter. Venturi Wealth Management LLC raised its position in Affirm by 200.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock worth $45,000 after purchasing an additional 732 shares during the last quarter. Finally, Hanseatic Management Services Inc. acquired a new position in Affirm during the 3rd quarter worth $65,000. 69.29% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Robert O’hare sold 6,541 shares of Affirm stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $62.28, for a total value of $407,373.48. Following the sale, the chief financial officer now directly owns 2,963 shares in the company, valued at $184,535.64. This trade represents a 68.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Libor Michalek sold 6,629 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $72.08, for a total transaction of $477,818.32. Following the transaction, the president now owns 160,601 shares of the company’s stock, valued at $11,576,120.08. The trade was a 3.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,323,478 shares of company stock worth $86,285,371. Corporate insiders own 12.41% of the company’s stock.

Affirm Trading Up 6.4 %

NASDAQ:AFRM opened at $66.50 on Monday. The company has a debt-to-equity ratio of 2.50, a current ratio of 12.60 and a quick ratio of 12.60. The business’s 50-day simple moving average is $61.37 and its 200-day simple moving average is $44.34. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $73.34. The stock has a market capitalization of $20.88 billion, a PE ratio of -46.83 and a beta of 3.66.

Affirm (NASDAQ:AFRM) last announced its quarterly 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. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.57%. The firm had revenue of $698.48 million for the quarter, compared to analyst estimates of $661.39 million. During the same quarter in the previous year, the firm posted ($0.57) earnings per share. Sell-side analysts expect that Affirm Holdings, Inc. will post -0.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Susquehanna lifted their target price on Affirm from $52.00 to $57.00 and gave the company a “positive” rating in a research note on Friday, November 8th. JMP Securities upgraded shares of Affirm from a “market perform” rating to an “outperform” rating and set a $78.00 target price on the stock in a research report on Friday, December 20th. The Goldman Sachs Group raised their target price on shares of Affirm from $57.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. JPMorgan Chase & Co. boosted their price target on shares of Affirm from $56.00 to $74.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Finally, Jefferies Financial Group raised shares of Affirm from a “hold” rating to a “buy” rating and raised their price objective for the company from $70.00 to $82.00 in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $60.94.

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.