Raymond James & Associates Has $1.50 Million Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Raymond James & Associates boosted its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 43.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,440 shares of the company’s stock after acquiring an additional 9,222 shares during the quarter. Raymond James & Associates’ holdings in Affirm were worth $1,496,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AFRM. Covestor Ltd bought a new stake in shares of Affirm in the 1st quarter valued at approximately $30,000. Creative Financial Designs Inc. ADV boosted its stake in Affirm by 82.2% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 665 shares of the company’s stock valued at $33,000 after buying an additional 300 shares in the last quarter. Whittier Trust Co. grew its position in Affirm by 9,900.0% in the fourth quarter. Whittier Trust Co. now owns 1,500 shares of the company’s stock valued at $74,000 after acquiring an additional 1,485 shares during the period. American International Group Inc. bought a new stake in Affirm in the second quarter valued at $33,000. Finally, IFP Advisors Inc raised its stake in Affirm by 340.4% during the second quarter. IFP Advisors Inc now owns 3,281 shares of the company’s stock worth $50,000 after acquiring an additional 2,536 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Insider Activity at Affirm

In related news, Director Keith Rabois sold 9,276 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $34.39, for a total transaction of $319,001.64. Following the completion of the transaction, the director now owns 78,552 shares in the company, valued at $2,701,403.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 13.05% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

AFRM has been the topic of several analyst reports. JPMorgan Chase & Co. upped their target price on shares of Affirm from $35.00 to $41.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. 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 report on Monday, February 12th. Needham & Company LLC began coverage on shares of Affirm in a research note on Wednesday, April 3rd. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft increased their price target on Affirm from $24.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Finally, The Goldman Sachs Group raised their price target on Affirm from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Six equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Affirm has a consensus rating of “Hold” and an average target price of $27.86.

Affirm Stock Performance

Shares of Affirm stock opened at $31.15 on Friday. The firm has a fifty day moving average of $36.37 and a two-hundred day moving average of $34.43. 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 has a market capitalization of $9.56 billion, a price-to-earnings ratio of -12.51 and a beta of 3.57. Affirm Holdings, Inc. has a 52 week low of $8.80 and a 52 week high of $52.48.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, February 8th. The company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.08. Affirm had a negative return on equity of 25.10% and a negative net margin of 39.19%. The business had revenue of $591.11 million during the quarter, compared to the consensus estimate of $523.92 million. As a group, equities research analysts predict that Affirm Holdings, Inc. will post -2.45 EPS for the current year.

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.