IFP Advisors Inc Acquires 1,103 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

IFP Advisors Inc raised its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 47.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,438 shares of the company’s stock after acquiring an additional 1,103 shares during the period. IFP Advisors Inc’s holdings in Affirm were worth $212,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AFRM. Geneos Wealth Management Inc. grew its holdings in shares of Affirm by 356.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock worth $32,000 after purchasing an additional 410 shares during the last quarter. R Squared Ltd bought a new position in shares of Affirm in the fourth quarter worth approximately $33,000. Advisors Asset Management Inc. grew its holdings in shares of Affirm by 168.2% in the third quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after purchasing an additional 671 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Affirm by 200.5% in 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 last quarter. Finally, Valley National Advisers Inc. bought a new position in shares of Affirm in the fourth quarter worth approximately $61,000. 69.29% of the stock is currently owned by institutional investors.

Insider Activity

In other news, President Libor Michalek sold 93,371 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $72.00, for a total transaction of $6,722,712.00. Following the completion of the transaction, the president now directly owns 160,601 shares in the company, valued at $11,563,272. This trade represents a 36.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Noel Bertram Watson sold 2,500 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $72.05, for a total value of $180,125.00. Following the transaction, the director now owns 41,497 shares of the company’s stock, valued at $2,989,858.85. The trade was a 5.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 555,670 shares of company stock worth $38,385,393 over the last three months. 12.41% of the stock is currently owned by corporate insiders.

Affirm Stock Performance

Shares of Affirm stock opened at $61.86 on Tuesday. The company has a current ratio of 11.26, a quick ratio of 11.26 and a debt-to-equity ratio of 2.68. The firm has a market capitalization of $19.67 billion, a P/E ratio of -95.17 and a beta of 3.66. The business has a fifty day simple moving average of $64.26 and a two-hundred day simple moving average of $54.67. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $82.53.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.44. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. On average, equities analysts forecast that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Compass Point upgraded shares of Affirm from a “sell” rating to a “neutral” rating and raised their target price for the stock from $20.00 to $61.00 in a report on Tuesday, January 28th. Barclays raised their target price on shares of Affirm from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Jefferies Financial Group upgraded shares of Affirm from a “hold” rating to a “buy” rating and raised their target price for the stock from $70.00 to $82.00 in a report on Thursday, December 19th. The Goldman Sachs Group raised their price target on Affirm from $78.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, Royal Bank of Canada raised their price target on Affirm from $67.00 to $81.00 and gave the stock a “sector perform” 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.