West Family Investments Inc. Takes $296,000 Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

West Family Investments Inc. bought a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,866 shares of the company’s stock, valued at approximately $296,000.

A number of other hedge funds have also added to or reduced their stakes in AFRM. Raymond James Financial Inc. acquired a new position in shares of Affirm during the 4th quarter worth about $14,591,000. Arizona State Retirement System raised its holdings in Affirm by 2.1% during the fourth quarter. Arizona State Retirement System now owns 69,827 shares of the company’s stock worth $4,252,000 after acquiring an additional 1,453 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Affirm during the fourth quarter valued at approximately $8,831,000. M&T Bank Corp grew its stake in Affirm by 18.8% in the fourth quarter. M&T Bank Corp now owns 21,027 shares of the company’s stock valued at $1,280,000 after purchasing an additional 3,325 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Affirm by 106.3% during the 4th quarter. Victory Capital Management Inc. now owns 65,819 shares of the company’s stock worth $4,008,000 after purchasing an additional 33,907 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AFRM shares. UBS Group increased their price objective on Affirm from $46.00 to $62.00 and gave the company a “neutral” rating in a report on Friday, February 7th. JPMorgan Chase & Co. increased their price target on shares of Affirm from $56.00 to $74.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. JMP Securities lifted their price objective on shares of Affirm from $78.00 to $85.00 and gave the company a “market outperform” rating in a research report on Friday, February 7th. Morgan Stanley upped their target price on shares of Affirm from $39.00 to $55.00 and gave the company an “equal weight” rating in a report on Tuesday, January 28th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a report on Friday, February 7th. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $70.24.

Insider Activity

In other news, COO Michael Linford sold 400,000 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $68.99, for a total transaction of $27,596,000.00. Following the completion of the sale, the chief operating officer now owns 85,420 shares of the company’s stock, valued at approximately $5,893,125.80. This represents a 82.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Keith Rabois sold 16,088 shares of Affirm stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $63.97, for a total transaction of $1,029,149.36. Following the completion of the transaction, the director now directly owns 61,520 shares in the company, valued at $3,935,434.40. This trade represents a 20.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 478,387 shares of company stock worth $32,691,830. 12.41% of the stock is currently owned by company insiders.

Affirm Price Performance

Shares of Affirm stock opened at $51.97 on Friday. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68. The stock has a market capitalization of $16.53 billion, a price-to-earnings ratio of -79.95 and a beta of 3.63. Affirm Holdings, Inc. has a twelve month low of $22.25 and a twelve month high of $82.53. The company has a 50-day simple moving average of $63.66 and a two-hundred day simple moving average of $54.88.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. Analysts forecast that Affirm Holdings, Inc. will post -0.18 EPS 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.