Encompass More Asset Management Buys 1,668 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Encompass More Asset Management lifted its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 26.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,965 shares of the company’s stock after buying an additional 1,668 shares during the quarter. Encompass More Asset Management’s holdings in Affirm were worth $485,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. ORG Wealth Partners LLC acquired a new stake in Affirm during the third quarter worth approximately $29,000. Advisors Asset Management Inc. lifted its holdings in shares of Affirm by 168.2% during the third quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after buying an additional 671 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Affirm by 200.5% during the third quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock worth $45,000 after purchasing an additional 732 shares during the period. Hanseatic Management Services Inc. acquired a new stake in Affirm during the third quarter worth approximately $65,000. Finally, Brooklyn Investment Group acquired a new position in Affirm in the 3rd quarter valued at $78,000. Institutional investors own 69.29% of the company’s stock.

Affirm Price Performance

AFRM stock opened at $58.40 on Friday. The company has a debt-to-equity ratio of 2.50, a quick ratio of 12.60 and a current ratio of 12.60. The business has a 50-day simple moving average of $64.09 and a two-hundred day simple moving average of $46.83. Affirm Holdings, Inc. has a 52-week low of $22.25 and a 52-week high of $73.34. The company has a market capitalization of $18.34 billion, a P/E ratio of -40.93 and a beta of 3.67.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.05. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.57%. The business had revenue of $698.48 million during the quarter, compared to the consensus estimate of $661.39 million. During the same period in the prior year, the firm posted ($0.57) EPS. Research analysts expect that Affirm Holdings, Inc. will post -0.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Barclays increased their price objective on shares of Affirm from $64.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Susquehanna downgraded shares of Affirm from a “positive” rating to a “neutral” rating and set a $57.00 price objective for the company. in a research report on Tuesday. Deutsche Bank Aktiengesellschaft raised their target price on Affirm from $45.00 to $75.00 and gave the company a “hold” rating in a report on Monday, December 16th. Citizens Jmp raised Affirm from a “hold” rating to a “strong-buy” rating in a report on Friday, December 20th. Finally, The Goldman Sachs Group boosted their target price on Affirm from $57.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $61.88.

Insider Buying and Selling

In other news, President Libor Michalek sold 6,629 shares of Affirm stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $72.08, for a total value of $477,818.32. Following the completion of the transaction, the president now owns 160,601 shares in the company, valued at $11,576,120.08. This trade represents a 3.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Katherine Adkins sold 200,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $55.05, for a total value of $11,010,000.00. Following the sale, the insider now directly owns 93,545 shares in the company, valued at $5,149,652.25. This trade represents a 68.13 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,323,478 shares of company stock worth $86,285,371. 12.41% of the stock is owned by company insiders.

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.