Affirm Holdings, Inc. (NASDAQ:AFRM) Stock Position Lowered by Leo Wealth LLC

Leo Wealth LLC cut its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 3.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,104,513 shares of the company’s stock after selling 38,706 shares during the period. Affirm comprises about 4.1% of Leo Wealth LLC’s holdings, making the stock its 5th largest position. Leo Wealth LLC owned about 0.36% of Affirm worth $45,086,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ridgewood Investments LLC acquired a new position in Affirm in the 2nd quarter valued at about $27,000. ORG Wealth Partners LLC acquired a new position in Affirm in the 3rd quarter valued at about $29,000. Allspring Global Investments Holdings LLC raised its stake in Affirm by 82.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock valued at $36,000 after purchasing an additional 540 shares during the last quarter. ORG Partners LLC raised its stake in Affirm by 80.0% in the 2nd quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock valued at $37,000 after purchasing an additional 551 shares during the last quarter. Finally, Plato Investment Management Ltd raised its stake in Affirm by 255.1% in the 1st quarter. Plato Investment Management Ltd now owns 1,328 shares of the company’s stock valued at $49,000 after purchasing an additional 954 shares during the last quarter. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AFRM. Wedbush raised shares of Affirm from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $25.00 to $45.00 in a research note on Monday, October 14th. Royal Bank of Canada reiterated a “sector perform” rating and set a $46.00 price objective on shares of Affirm in a report on Friday, October 4th. Barclays increased their price objective on shares of Affirm from $50.00 to $54.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. The Goldman Sachs Group increased their price objective on shares of Affirm from $46.00 to $54.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Finally, Susquehanna began coverage on shares of Affirm in a report on Friday, September 20th. They set a “positive” rating and a $52.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $41.50.

Insider Buying and Selling at Affirm

In other Affirm news, insider Katherine Adkins sold 82,316 shares of Affirm stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $45.00, for a total transaction of $3,704,220.00. Following the transaction, the insider now directly owns 91,499 shares in the company, valued at approximately $4,117,455. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Affirm news, insider Katherine Adkins sold 82,316 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 91,499 shares in the company, valued at $4,117,455. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christa S. Quarles sold 14,400 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $40.02, for a total value of $576,288.00. Following the completion of the sale, the director now directly owns 141,903 shares of the company’s stock, valued at approximately $5,678,958.06. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 112,075 shares of company stock valued at $4,803,786. 13.05% of the stock is currently owned by corporate insiders.

Affirm Price Performance

Affirm stock traded up $0.11 during midday trading on Tuesday, hitting $43.76. The company’s stock had a trading volume of 2,629,886 shares, compared to its average volume of 8,745,562. Affirm Holdings, Inc. has a 12 month low of $15.97 and a 12 month high of $52.48. The company has a quick ratio of 13.07, a current ratio of 13.07 and a debt-to-equity ratio of 2.41. The stock’s 50-day moving average price is $39.41 and its 200-day moving average price is $33.72. The company has a market capitalization of $13.53 billion, a PE ratio of -19.35 and a beta of 3.50.

Affirm (NASDAQ:AFRM) last issued its earnings results on Wednesday, August 28th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.31. The firm had revenue of $659.19 million during the quarter, compared to analysts’ expectations of $599.50 million. Affirm had a negative net margin of 22.29% and a negative return on equity of 15.55%. Analysts anticipate that Affirm Holdings, Inc. will post -0.82 earnings per share for the current fiscal year.

About Affirm

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.