Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Sold by Holistic Financial Partners

Holistic Financial Partners cut its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 3.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,624 shares of the company’s stock after selling 181 shares during the period. Holistic Financial Partners’ holdings in Affirm were worth $343,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Geneos Wealth Management Inc. lifted its stake in Affirm by 356.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock valued at $32,000 after acquiring an additional 410 shares during the period. R Squared Ltd acquired a new stake in Affirm during the 4th quarter valued at approximately $33,000. Bogart Wealth LLC acquired a new stake in Affirm during the 4th quarter valued at approximately $61,000. Valley National Advisers Inc. acquired a new stake in Affirm during the 4th quarter valued at approximately $61,000. Finally, Advisors Asset Management Inc. lifted its stake in Affirm by 168.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock valued at $44,000 after acquiring an additional 671 shares during the period. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Affirm Price Performance

Shares of NASDAQ AFRM opened at $68.55 on Monday. The firm has a market cap of $21.80 billion, a PE ratio of -105.46 and a beta of 3.66. The firm has a fifty day moving average of $64.62 and a 200 day moving average of $53.08. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26. Affirm Holdings, Inc. has a one year low of $22.25 and a one year high of $82.53.

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 net margin of 7.10% and a negative return on equity of 7.25%. As a group, research analysts predict that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Insider Transactions at Affirm

In other news, CFO Robert O’hare sold 13,965 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $68.57, for a total transaction of $957,580.05. Following the completion of the sale, the chief financial officer now owns 668 shares of the company’s stock, valued at $45,804.76. This represents a 95.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christa S. Quarles sold 5,000 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $80.00, for a total transaction of $400,000.00. Following the sale, the director now directly owns 137,325 shares of the company’s stock, valued at $10,986,000. The trade was a 3.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 579,111 shares of company stock valued at $40,020,081 over the last 90 days. 12.41% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. UBS Group lifted their price objective on shares of Affirm from $46.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Morgan Stanley boosted their target price on shares of Affirm from $39.00 to $55.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 28th. Jefferies Financial Group upgraded shares of Affirm from a “hold” rating to a “buy” rating and boosted their target price for the company from $70.00 to $82.00 in a research note on Thursday, December 19th. JPMorgan Chase & Co. boosted their target price 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. Finally, JMP Securities boosted their target price on shares of Affirm from $78.00 to $85.00 and gave the company a “market outperform” rating in a research note on Friday, February 7th. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $70.24.

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.