Allworth Financial LP Raises Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

Allworth Financial LP boosted its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 63.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 563 shares of the company’s stock after buying an additional 219 shares during the quarter. Allworth Financial LP’s holdings in Affirm were worth $27,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Amalgamated Bank lifted its stake in shares of Affirm by 2.1% during the first quarter. Amalgamated Bank now owns 13,773 shares of the company’s stock worth $622,000 after buying an additional 280 shares during the period. Prestige Wealth Management Group LLC raised its position in shares of Affirm by 78.1% in the fourth quarter. Prestige Wealth Management Group LLC now owns 757 shares of the company’s stock worth $46,000 after acquiring an additional 332 shares during the period. M&T Bank Corp raised its position in shares of Affirm by 1.9% in the first quarter. M&T Bank Corp now owns 21,416 shares of the company’s stock worth $968,000 after acquiring an additional 389 shares during the period. GAMMA Investing LLC increased its stake in shares of Affirm by 10.0% during the first quarter. GAMMA Investing LLC now owns 4,596 shares of the company’s stock worth $208,000 after purchasing an additional 419 shares in the last quarter. Finally, Itau Unibanco Holding S.A. purchased a new stake in shares of Affirm during the fourth quarter worth about $28,000. 69.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Affirm news, Director Noel Bertram Watson sold 2,500 shares of the firm’s stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $60.86, for a total transaction of $152,150.00. Following the transaction, the director owned 36,497 shares of the company’s stock, valued at approximately $2,221,207.42. This trade represents a 6.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Keith Rabois sold 16,089 shares of the firm’s stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $51.00, for a total transaction of $820,539.00. Following the transaction, the director directly owned 29,343 shares in the company, valued at approximately $1,496,493. The trade was a 35.41% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 96,247 shares of company stock worth $6,422,823. Company insiders own 11.82% of the company’s stock.

Affirm Stock Down 0.8%

Shares of NASDAQ AFRM opened at $68.90 on Friday. The firm’s 50-day moving average is $60.17 and its two-hundred day moving average is $56.61. The company has a debt-to-equity ratio of 2.55, a current ratio of 11.47 and a quick ratio of 11.47. The company has a market capitalization of $22.23 billion, a PE ratio of -328.10, a price-to-earnings-growth ratio of 2.39 and a beta of 3.63. Affirm Holdings, Inc. has a 12-month low of $22.25 and a 12-month high of $82.53.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.10. The company had revenue of $783.14 million during the quarter, compared to analysts’ expectations of $782.98 million. Affirm had a negative net margin of 2.07% and a negative return on equity of 2.22%. The business’s quarterly revenue was up 35.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.43) EPS. Equities analysts anticipate that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AFRM has been the topic of several recent analyst reports. JMP Securities decreased their target price on shares of Affirm from $85.00 to $75.00 and set a “market outperform” rating on the stock in a report on Friday, May 9th. JPMorgan Chase & Co. decreased their target price on shares of Affirm from $74.00 to $69.00 and set an “overweight” rating on the stock in a report on Friday, May 9th. Barclays boosted their target price on shares of Affirm from $67.00 to $80.00 and gave the company an “overweight” rating in a report on Monday, June 30th. Susquehanna upgraded shares of Affirm from a “neutral” rating to a “positive” rating and set a $65.00 target price on the stock in a report on Friday, May 9th. Finally, Wells Fargo & Company lowered their price objective on shares of Affirm from $85.00 to $67.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. Nine analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.71.

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.