1,000 Shares in Affirm Holdings, Inc. (NASDAQ:AFRM) Acquired by Bogart Wealth LLC

Bogart Wealth LLC purchased a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,000 shares of the company’s stock, valued at approximately $61,000.

A number of other large investors have also bought and sold shares of AFRM. Holocene Advisors LP bought a new stake in Affirm during the 3rd quarter worth approximately $27,872,000. Charles Schwab Investment Management Inc. lifted its holdings in Affirm by 44.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,203,210 shares of the company’s stock worth $89,935,000 after buying an additional 672,883 shares in the last quarter. Bank of Montreal Can lifted its holdings in Affirm by 269.7% during the 3rd quarter. Bank of Montreal Can now owns 724,336 shares of the company’s stock worth $29,814,000 after buying an additional 528,400 shares in the last quarter. Atreides Management LP acquired a new position in Affirm during the 3rd quarter worth $20,404,000. Finally, Quadrature Capital Ltd lifted its holdings in Affirm by 214.4% during the 3rd quarter. Quadrature Capital Ltd now owns 485,431 shares of the company’s stock worth $19,820,000 after buying an additional 331,042 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AFRM. UBS Group upped their price objective on Affirm from $46.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Bank of America upped their price objective on Affirm from $50.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. upped their price objective on Affirm from $56.00 to $74.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. Susquehanna downgraded Affirm from a “positive” rating to a “neutral” rating and set a $57.00 price target on the stock. in a research note on Tuesday, January 21st. Finally, Jefferies Financial Group raised Affirm from a “hold” rating to a “buy” rating and increased their price target for the company from $70.00 to $82.00 in a research note on Thursday, December 19th. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Affirm has an average rating of “Moderate Buy” and a consensus target price of $70.24.

Affirm Price Performance

AFRM stock opened at $80.69 on Friday. The stock has a 50-day moving average price of $63.89 and a two-hundred day moving average price of $50.95. The stock has a market cap of $25.34 billion, a PE ratio of -124.14 and a beta of 3.66. 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 Holdings, Inc. has a 1 year low of $22.25 and a 1 year high of $80.72.

Affirm (NASDAQ:AFRM) last released its earnings results on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.44. Affirm had a negative return on equity of 7.29% and a negative net margin of 7.10%. Equities analysts forecast that Affirm Holdings, Inc. will post -0.59 EPS for the current fiscal year.

Insider Activity

In other news, Director Noel Bertram Watson sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $72.05, for a total value of $180,125.00. Following the completion of the transaction, the director now owns 41,497 shares in the company, valued at $2,989,858.85. This trade represents a 5.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert O’hare sold 11,218 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $70.00, for a total value of $785,260.00. The disclosure for this sale can be found here. Insiders sold 1,038,626 shares of company stock worth $70,690,871 in the last quarter. Corporate insiders own 12.41% of the company’s stock.

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.