9,223 Shares in Affirm Holdings, Inc. (NASDAQ:AFRM) Bought by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. purchased a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) during the 4th quarter, Holdings Channel.com reports. The firm purchased 9,223 shares of the company’s stock, valued at approximately $453,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its position in Affirm by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,298,330 shares of the company’s stock worth $27,615,000 after purchasing an additional 23,248 shares during the last quarter. QRG Capital Management Inc. purchased a new position in Affirm during the 3rd quarter worth $3,701,000. Trexquant Investment LP grew its position in Affirm by 79.1% during the 3rd quarter. Trexquant Investment LP now owns 395,889 shares of the company’s stock worth $8,421,000 after purchasing an additional 174,807 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in Affirm during the 4th quarter worth $1,816,000. Finally, AXQ Capital LP purchased a new position in Affirm during the 3rd quarter worth $735,000. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Affirm Stock Performance

Shares of AFRM opened at $32.76 on Wednesday. The company has a current ratio of 11.49, a quick ratio of 11.49 and a debt-to-equity ratio of 2.35. The stock has a market cap of $10.05 billion, a P/E ratio of -13.16 and a beta of 3.58. The company has a 50-day moving average of $35.71 and a two-hundred day moving average of $34.94. Affirm Holdings, Inc. has a 12-month low of $8.80 and a 12-month high of $52.48.

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

Analysts Set New Price Targets

AFRM has been the topic of several analyst reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Affirm in a report on Tuesday. Stephens lifted their target price on shares of Affirm from $6.00 to $16.00 and gave the company an “underweight” rating in a report on Friday, February 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of Affirm in a report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Affirm from $24.00 to $35.00 and gave the company a “hold” rating in a report on Friday, February 9th. Finally, Royal Bank of Canada lifted their target price on shares of Affirm from $26.00 to $50.00 and gave the company a “sector perform” rating in a report on Friday, February 9th. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $27.86.

Insiders Place Their Bets

In other Affirm news, Director Keith Rabois sold 9,276 shares of Affirm stock in a transaction dated 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 document filed with the SEC, which is accessible through this hyperlink. 13.05% of the stock is currently owned by company insiders.

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.