Alta Wealth Advisors LLC Buys Shares of 13,937 Affirm Holdings, Inc. $AFRM

Alta Wealth Advisors LLC purchased a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 13,937 shares of the company’s stock, valued at approximately $1,019,000.

Other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in shares of Affirm by 2.1% in the 1st quarter. Royal Bank of Canada now owns 193,601 shares of the company’s stock valued at $8,748,000 after purchasing an additional 3,892 shares during the last quarter. Empowered Funds LLC increased its stake in Affirm by 90.7% during the 1st quarter. Empowered Funds LLC now owns 16,852 shares of the company’s stock valued at $762,000 after purchasing an additional 8,014 shares in the last quarter. Focus Partners Wealth purchased a new position in shares of Affirm in the first quarter worth $243,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Affirm during the second quarter worth $441,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of Affirm by 15.6% during the second quarter. Farther Finance Advisors LLC now owns 1,300 shares of the company’s stock valued at $90,000 after buying an additional 175 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on AFRM shares. Rothschild & Co Redburn raised Affirm from a “neutral” rating to a “buy” rating and increased their price objective for the company from $74.00 to $101.00 in a report on Monday, October 6th. Morgan Stanley dropped their target price on Affirm from $90.00 to $83.00 and set an “equal weight” rating on the stock in a research report on Friday, November 7th. Redburn Partners set a $101.00 price target on shares of Affirm in a report on Monday, October 6th. Bank of America lifted their price objective on shares of Affirm from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Finally, BTIG Research reiterated a “neutral” rating on shares of Affirm in a research note on Wednesday, December 17th. Two analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, Affirm presently has an average rating of “Moderate Buy” and a consensus price target of $89.00.

Insiders Place Their Bets

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 value of $53,746,612.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert O’hare sold 36,401 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer directly owned 1,368 shares in the company, valued at approximately $109,440. The trade was a 96.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 711,256 shares of company stock worth $57,231,923 over the last 90 days. 11.01% of the stock is owned by insiders.

Affirm Trading Down 3.8%

Shares of Affirm stock opened at $68.71 on Tuesday. Affirm Holdings, Inc. has a twelve month low of $30.90 and a twelve month high of $100.00. The firm’s 50-day moving average price is $72.39 and its 200 day moving average price is $74.56. The company has a current ratio of 12.80, a quick ratio of 12.80 and a debt-to-equity ratio of 2.40. The firm has a market capitalization of $22.68 billion, a PE ratio of 102.55, a P/E/G ratio of 3.23 and a beta of 3.57.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.12. Affirm had a net margin of 6.74% and a return on equity of 7.75%. The company had revenue of $933.34 million during the quarter, compared to the consensus estimate of $881.83 million. During the same quarter in the prior year, the firm earned ($0.31) EPS. Affirm’s quarterly revenue was up 33.6% on a year-over-year basis. On average, sell-side analysts predict that Affirm Holdings, Inc. will post -0.18 EPS 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.