Kathleen S. Wright Associates Inc. Reduces Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Kathleen S. Wright Associates Inc. lessened its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 20.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,377 shares of the company’s stock after selling 869 shares during the quarter. Kathleen S. Wright Associates Inc.’s holdings in Affirm were worth $126,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of AFRM. Planned Solutions Inc. bought a new stake in shares of Affirm during the 4th quarter valued at $25,000. Creative Financial Designs Inc. ADV raised its position in shares of Affirm by 82.2% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 665 shares of the company’s stock valued at $33,000 after purchasing an additional 300 shares during the period. Raleigh Capital Management Inc. bought a new stake in shares of Affirm during the 4th quarter valued at $33,000. Global Wealth Strategies & Associates raised its position in shares of Affirm by 94.0% during the 1st quarter. Global Wealth Strategies & Associates now owns 970 shares of the company’s stock valued at $36,000 after purchasing an additional 470 shares during the period. Finally, Principal Securities Inc. bought a new stake in shares of Affirm during the 4th quarter valued at $49,000. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on AFRM shares. JMP Securities started coverage on shares of Affirm in a research report on Friday. They set a “market perform” rating on the stock. JPMorgan Chase & Co. upgraded shares of Affirm from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $41.00 to $43.00 in a report on Thursday, May 9th. BMO Capital Markets reduced their price target on shares of Affirm from $48.00 to $46.00 and set a “market perform” rating on the stock in a report on Friday, May 10th. Barclays reduced their price target on shares of Affirm from $50.00 to $41.00 and set an “overweight” rating on the stock in a report on Tuesday, April 16th. Finally, BTIG Research started coverage on shares of Affirm in a report on Friday, June 7th. They issued a “neutral” rating on the stock. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $32.66.

Affirm Stock Down 0.8 %

Shares of AFRM stock traded down $0.25 during trading hours on Friday, reaching $30.21. 11,318,014 shares of the stock were exchanged, compared to its average volume of 7,401,743. Affirm Holdings, Inc. has a 12-month low of $12.81 and a 12-month high of $52.48. The company has a debt-to-equity ratio of 2.43, a current ratio of 12.94 and a quick ratio of 12.94. The company’s 50-day moving average price is $31.78 and its 200-day moving average price is $37.08.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.43) EPS for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.27. Affirm had a negative net margin of 32.17% and a negative return on equity of 22.06%. The firm had revenue of $576.00 million during the quarter, compared to analysts’ expectations of $549.99 million. During the same period in the previous year, the company earned ($0.69) EPS. The firm’s revenue for the quarter was up 51.2% compared to the same quarter last year. Analysts expect that Affirm Holdings, Inc. will post -1.98 earnings per share for the current fiscal year.

Insider Buying and Selling at Affirm

In other Affirm news, Director Keith Rabois sold 9,276 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $32.12, for a total value of $297,945.12. Following the completion of the sale, the director now directly owns 60,000 shares of the company’s stock, valued at approximately $1,927,200. The transaction was disclosed in a filing with the SEC, which is available through this link. 13.05% of the stock is owned by corporate insiders.

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.