Encompass More Asset Management Grows Stake in Affirm Holdings, Inc. (NASDAQ:AFRM)

Encompass More Asset Management lifted its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 26.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,965 shares of the company’s stock after buying an additional 1,668 shares during the period. Encompass More Asset Management’s holdings in Affirm were worth $485,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AFRM. ORG Wealth Partners LLC purchased a new position in Affirm in the 3rd quarter worth approximately $29,000. Advisors Asset Management Inc. boosted its stake in shares of Affirm by 168.2% in the third quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock valued at $44,000 after purchasing an additional 671 shares during the period. Venturi Wealth Management LLC grew its stake in shares of Affirm by 200.5% during the third quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock valued at $45,000 after acquiring an additional 732 shares in the last quarter. Hanseatic Management Services Inc. purchased a new stake in Affirm during the 3rd quarter worth approximately $65,000. Finally, Brooklyn Investment Group acquired a new stake in Affirm in the third quarter valued at $78,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Stock Up 2.9 %

Shares of NASDAQ AFRM opened at $58.40 on Friday. The firm’s 50-day moving average is $64.09 and its 200-day moving average is $46.83. Affirm Holdings, Inc. has a 1 year low of $22.25 and a 1 year high of $73.34. The firm has a market capitalization of $18.34 billion, a PE ratio of -40.93 and a beta of 3.67. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50.

Affirm (NASDAQ:AFRM) last issued its earnings results on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, beating the consensus estimate of ($0.36) by $0.05. The company had revenue of $698.48 million during the quarter, compared to analysts’ expectations of $661.39 million. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.57%. During the same quarter in the previous year, the company posted ($0.57) EPS. Equities analysts expect that Affirm Holdings, Inc. will post -0.62 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on AFRM shares. William Blair initiated coverage on shares of Affirm in a research report on Wednesday, January 15th. They issued an “outperform” rating on the stock. Jefferies Financial Group upgraded shares of Affirm from a “hold” rating to a “buy” rating and lifted their price objective for the company from $70.00 to $82.00 in a research note on Thursday, December 19th. Wedbush raised Affirm from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $25.00 to $45.00 in a report on Monday, October 14th. Citizens Jmp raised shares of Affirm from a “hold” rating to a “strong-buy” rating in a report on Friday, December 20th. Finally, Needham & Company LLC restated a “hold” rating on shares of Affirm in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $61.88.

Insiders Place Their Bets

In other Affirm news, CFO Robert O’hare sold 100,938 shares of Affirm stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $55.00, for a total value of $5,551,590.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Keith Rabois sold 16,086 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $62.32, for a total transaction of $1,002,479.52. Following the sale, the director now owns 93,694 shares in the company, valued at approximately $5,839,010.08. The trade was a 14.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,323,478 shares of company stock worth $86,285,371. Company insiders own 12.41% of the company’s stock.

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.