CW Advisors LLC Makes New $567,000 Investment in Affirm Holdings, Inc. $AFRM

CW Advisors LLC purchased a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) in the second quarter, according to its most recent filing with the SEC. The firm purchased 8,200 shares of the company’s stock, valued at approximately $567,000.

Other institutional investors have also modified their holdings of the company. Huntington National Bank increased its stake in Affirm by 634.0% in the 2nd quarter. Huntington National Bank now owns 389 shares of the company’s stock valued at $27,000 after purchasing an additional 336 shares in the last quarter. SouthState Corp grew its holdings in Affirm by 190.5% in the second quarter. SouthState Corp now owns 427 shares of the company’s stock valued at $30,000 after purchasing an additional 280 shares during the last quarter. Blume Capital Management Inc. grew its holdings in Affirm by 468.8% in the second quarter. Blume Capital Management Inc. now owns 455 shares of the company’s stock valued at $31,000 after purchasing an additional 375 shares during the last quarter. UMB Bank n.a. increased its position in shares of Affirm by 86.6% in the second quarter. UMB Bank n.a. now owns 569 shares of the company’s stock valued at $39,000 after buying an additional 264 shares in the last quarter. Finally, SVB Wealth LLC acquired a new position in shares of Affirm during the 1st quarter worth $47,000. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Insider Activity at Affirm

In related news, CFO Robert O’hare sold 8,189 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $70.00, for a total transaction of $573,230.00. Following the completion of the transaction, the chief financial officer owned 1,368 shares of the company’s stock, valued at approximately $95,760. This represents a 85.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Siphelele Jiyane sold 12,500 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $85.42, for a total transaction of $1,067,750.00. Following the transaction, the chief accounting officer directly owned 213,967 shares in the company, valued at approximately $18,277,061.14. This represents a 5.52% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 672,402 shares of company stock worth $59,819,400. 11.01% of the stock is owned by company insiders.

Affirm Price Performance

Shares of NASDAQ:AFRM opened at $68.42 on Wednesday. The company has a market cap of $22.58 billion, a P/E ratio of 102.12, a P/E/G ratio of 3.07 and a beta of 3.57. The business has a fifty day simple moving average of $71.44 and a 200-day simple moving average of $71.42. Affirm Holdings, Inc. has a 52 week low of $30.90 and a 52 week high of $100.00. The company has a quick ratio of 12.80, a current ratio of 12.80 and a debt-to-equity ratio of 2.40.

Affirm (NASDAQ:AFRM) last released its earnings results on Thursday, November 6th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.12. The firm had revenue of $933.34 million for the quarter, compared to the consensus estimate of $881.83 million. Affirm had a return on equity of 7.75% and a net margin of 6.74%.The firm’s revenue for the quarter was up 33.6% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.31) earnings per share. Equities research analysts forecast that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Affirm in a research note on Monday. Royal Bank Of Canada reduced their price target on shares of Affirm from $97.00 to $87.00 and set a “sector perform” rating on the stock in a report on Friday, November 7th. The Goldman Sachs Group dropped their price objective on shares of Affirm from $105.00 to $94.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Bank of America lifted their price objective on Affirm from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Finally, Wells Fargo & Company assumed coverage on Affirm in a report on Tuesday, October 21st. They set an “overweight” rating and a $89.00 target price on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.57.

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.