Lindbrook Capital LLC lifted its stake in Affirm Holdings, Inc. (NASDAQ:AFRM – Free Report) by 117.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,386 shares of the company’s stock after purchasing an additional 750 shares during the quarter. Lindbrook Capital LLC’s holdings in Affirm were worth $68,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. J.W. Cole Advisors Inc. acquired a new position in Affirm in the 4th quarter worth approximately $453,000. Xponance Inc. acquired a new position in Affirm in the 4th quarter worth approximately $402,000. Rakuten Securities Inc. acquired a new position in Affirm in the 4th quarter worth approximately $1,053,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Affirm by 12.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,464 shares of the company’s stock worth $2,283,000 after buying an additional 5,106 shares during the period. Finally, Waldron Private Wealth LLC acquired a new position in Affirm in the 4th quarter worth approximately $265,000. 69.29% of the stock is owned by hedge funds and other institutional investors.
Affirm Trading Down 2.1 %
Shares of AFRM stock opened at $32.08 on Thursday. Affirm Holdings, Inc. has a fifty-two week low of $8.80 and a fifty-two week high of $52.48. The company has a debt-to-equity ratio of 2.35, a quick ratio of 11.49 and a current ratio of 11.49. The stock’s fifty day moving average is $35.53 and its two-hundred day moving average is $34.92. The firm has a market capitalization of $9.84 billion, a P/E ratio of -12.88 and a beta of 3.57.
Analysts Set New Price Targets
Several equities analysts recently weighed in on AFRM shares. Stephens increased their price target on shares of Affirm from $6.00 to $16.00 and gave the stock an “underweight” rating in a report on Friday, February 9th. Royal Bank of Canada raised their price objective on shares of Affirm from $26.00 to $50.00 and gave the stock a “sector perform” rating in a research note on Friday, February 9th. Barclays dropped their price objective on shares of Affirm from $50.00 to $41.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Affirm from $24.00 to $35.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Finally, BMO Capital Markets raised their price objective on shares of Affirm from $44.00 to $47.00 and gave the stock a “market perform” rating in a research note on Monday, February 12th. Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $27.86.
Get Our Latest Research Report on Affirm
Insider Transactions at Affirm
In other news, Director Keith Rabois sold 9,276 shares of Affirm stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $34.39, for a total transaction of $319,001.64. Following the transaction, the director now owns 78,552 shares in the company, valued at approximately $2,701,403.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 13.05% of the company’s stock.
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.
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