IFP Advisors Inc Has $198,000 Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

IFP Advisors Inc lifted its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 27.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,373 shares of the company’s stock after buying an additional 935 shares during the period. IFP Advisors Inc’s holdings in Affirm were worth $198,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AFRM. Elyxium Wealth LLC lifted its position in shares of Affirm by 8.5% in the 1st quarter. Elyxium Wealth LLC now owns 98,136 shares of the company’s stock worth $4,435,000 after acquiring an additional 7,655 shares during the period. Diversify Advisory Services LLC lifted its position in Affirm by 91.1% in the first quarter. Diversify Advisory Services LLC now owns 223,094 shares of the company’s stock worth $10,082,000 after purchasing an additional 106,351 shares during the period. Victory Capital Management Inc. boosted its stake in Affirm by 7.3% during the first quarter. Victory Capital Management Inc. now owns 70,629 shares of the company’s stock worth $3,192,000 after buying an additional 4,810 shares in the last quarter. Wealthfront Advisers LLC boosted its stake in Affirm by 50.5% during the first quarter. Wealthfront Advisers LLC now owns 5,478 shares of the company’s stock worth $248,000 after buying an additional 1,837 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its holdings in Affirm by 31.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 36,770 shares of the company’s stock valued at $1,662,000 after buying an additional 8,699 shares during the period. 69.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AFRM has been the subject of a number of analyst reports. Royal Bank Of Canada raised their price objective on shares of Affirm from $70.00 to $75.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 8th. The Goldman Sachs Group raised their price target on shares of Affirm from $45.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, May 12th. JMP Securities decreased their price objective on 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. lowered their price objective on Affirm from $74.00 to $69.00 and set an “overweight” rating on the stock in a research note on Friday, May 9th. Finally, Stephens started coverage on Affirm in a report on Thursday, June 12th. They issued an “equal weight” rating and a $69.00 target price for the company. Nine research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $67.82.

Insider Activity

In related news, CFO Robert O’hare sold 19,802 shares of the business’s stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $70.03, for a total transaction of $1,386,734.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Keith Rabois sold 16,089 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $51.00, for a total transaction of $820,539.00. Following the completion of the transaction, the director owned 29,343 shares in the company, valued at $1,496,493. This represents a 35.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 96,247 shares of company stock worth $6,422,823. Corporate insiders own 11.82% of the company’s stock.

Affirm Stock Performance

AFRM stock opened at $67.09 on Monday. The company has a 50 day moving average price of $61.41 and a 200 day moving average price of $56.71. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $82.53. 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 stock has a market capitalization of $21.64 billion, a PE ratio of -319.48, a price-to-earnings-growth ratio of 2.48 and a beta of 3.63.

Affirm (NASDAQ:AFRM) last released its earnings results on Thursday, May 8th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.10. Affirm had a negative return on equity of 2.22% and a negative net margin of 2.07%. The company had revenue of $783.14 million during the quarter, compared to analysts’ expectations of $782.98 million. During the same period last year, the firm earned ($0.43) EPS. The business’s revenue for the quarter was up 35.9% on a year-over-year basis. Analysts forecast that Affirm Holdings, Inc. will post -0.18 EPS 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.