Holistic Financial Partners Acquires Shares of 5,805 Affirm Holdings, Inc. (NASDAQ:AFRM)

Holistic Financial Partners bought a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,805 shares of the company’s stock, valued at approximately $237,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AFRM. Ridgewood Investments LLC acquired a new position in Affirm in the second quarter valued at approximately $27,000. ORG Wealth Partners LLC acquired a new stake in Affirm during the 3rd quarter worth $29,000. Allspring Global Investments Holdings LLC boosted its stake in Affirm by 82.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock valued at $36,000 after acquiring an additional 540 shares in the last quarter. ORG Partners LLC grew its holdings in shares of Affirm by 80.0% during the second quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock worth $37,000 after purchasing an additional 551 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its stake in Affirm by 200.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock worth $45,000 after buying an additional 732 shares during the last quarter. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on AFRM shares. JPMorgan Chase & Co. upped their price objective on Affirm from $47.00 to $56.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. BTIG Research raised shares of Affirm from a “neutral” rating to a “buy” rating and set a $68.00 target price for the company in a report on Tuesday, October 8th. Royal Bank of Canada restated a “sector perform” rating and issued a $46.00 price target on shares of Affirm in a report on Friday, October 4th. Mizuho reiterated an “outperform” rating and set a $65.00 target price on shares of Affirm in a research report on Tuesday, August 27th. Finally, Morgan Stanley raised Affirm from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $22.00 to $37.00 in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Affirm presently has an average rating of “Hold” and a consensus price target of $46.03.

Insider Buying and Selling

In other news, insider Katherine Adkins sold 82,316 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $45.00, for a total value of $3,704,220.00. Following the transaction, the insider now owns 91,499 shares of the company’s stock, valued at approximately $4,117,455. This trade represents a 47.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Christa S. Quarles sold 14,400 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $40.02, for a total transaction of $576,288.00. Following the sale, the director now directly owns 141,903 shares of the company’s stock, valued at approximately $5,678,958.06. This trade represents a 9.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 403,738 shares of company stock valued at $21,115,878. Insiders own 12.41% of the company’s stock.

Affirm Trading Up 5.5 %

Shares of Affirm stock opened at $56.15 on Monday. The firm has a market cap of $17.63 billion, a PE ratio of -39.54 and a beta of 3.47. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $59.27. The business’s fifty day moving average is $44.49 and its two-hundred day moving average is $35.71.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.05. The firm had revenue of $698.48 million for the quarter, compared to analyst estimates of $661.39 million. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. During the same period last year, the company earned ($0.57) EPS. Analysts anticipate that Affirm Holdings, Inc. will post -0.53 earnings per share for the current year.

Affirm 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.