Donoghue Forlines LLC Purchases Shares of 25,586 Affirm Holdings, Inc. $AFRM

Donoghue Forlines LLC bought a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) during the third quarter, according to its most recent filing with the SEC. The firm bought 25,586 shares of the company’s stock, valued at approximately $1,870,000.

Several other institutional investors have also recently bought and sold shares of the company. Maryland State Retirement & Pension System raised its stake in shares of Affirm by 4.7% in the third quarter. Maryland State Retirement & Pension System now owns 13,650 shares of the company’s stock valued at $998,000 after purchasing an additional 609 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its stake in Affirm by 442.9% in the third quarter. Wilmington Savings Fund Society FSB now owns 6,336 shares of the company’s stock worth $463,000 after purchasing an additional 5,169 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new stake in Affirm in the 3rd quarter valued at about $4,538,000. Rakuten Securities Inc. raised its position in Affirm by 119.8% in the 3rd quarter. Rakuten Securities Inc. now owns 16,416 shares of the company’s stock worth $1,200,000 after purchasing an additional 8,948 shares during the last quarter. Finally, Kera Capital Partners Inc. lifted its stake in shares of Affirm by 37.7% during the third quarter. Kera Capital Partners Inc. now owns 6,590 shares of the company’s stock valued at $482,000 after acquiring an additional 1,805 shares during the period. Institutional investors own 69.29% of the company’s stock.

Insider Activity at Affirm

In other news, CEO Max R. Levchin sold 666,666 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $80.62, for a total transaction of $53,746,612.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert O’hare sold 36,401 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $80.00, for a total transaction of $2,912,080.00. Following the completion of the sale, the chief financial officer directly owned 1,368 shares in the company, valued at approximately $109,440. This represents a 96.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 711,256 shares of company stock valued at $57,231,923 over the last ninety days. Company insiders own 11.01% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Royal Bank Of Canada lowered their target price on shares of Affirm from $97.00 to $87.00 and set a “sector perform” rating for the company in a report on Friday, November 7th. Truist Financial reduced their price target on Affirm from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, November 19th. The Goldman Sachs Group decreased their price objective on Affirm from $105.00 to $94.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Cowen reissued a “buy” rating on shares of Affirm in a research note on Thursday, January 8th. Finally, Rothschild Redb upgraded Affirm from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $89.17.

Affirm Stock Up 4.1%

Shares of AFRM stock opened at $74.76 on Friday. Affirm Holdings, Inc. has a 12-month low of $30.90 and a 12-month 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. The firm has a fifty day moving average of $72.62 and a 200-day moving average of $74.41. The company has a market capitalization of $24.68 billion, a price-to-earnings ratio of 111.58, a P/E/G ratio of 3.38 and a beta of 3.57.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.12. The company had revenue of $933.34 million for the quarter, compared to analyst estimates of $881.83 million. Affirm had a return on equity of 7.75% and a net margin of 6.74%.The company’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.31) earnings per share. As a group, equities research analysts predict that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Affirm Profile

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.