Algert Global LLC Purchases 2,687 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Algert Global LLC increased its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 1.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 156,939 shares of the company’s stock after buying an additional 2,687 shares during the quarter. Algert Global LLC’s holdings in Affirm were worth $6,406,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. KBC Group NV grew its holdings in shares of Affirm by 3.6% during the third quarter. KBC Group NV now owns 6,331 shares of the company’s stock worth $258,000 after buying an additional 222 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Affirm by 3.2% during the third quarter. CIBC Asset Management Inc now owns 7,520 shares of the company’s stock worth $307,000 after buying an additional 233 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Affirm by 82.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock worth $36,000 after buying an additional 540 shares in the last quarter. ORG Partners LLC grew its holdings in shares of Affirm by 80.0% during the second quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock worth $37,000 after buying an additional 551 shares in the last quarter. Finally, Myecfo LLC boosted its position in Affirm by 5.0% during the third quarter. Myecfo LLC now owns 12,260 shares of the company’s stock valued at $500,000 after purchasing an additional 589 shares during the last quarter. 69.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Affirm news, Director Christa S. Quarles sold 14,400 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $40.02, for a total transaction of $576,288.00. Following the transaction, the director now owns 141,903 shares in the company, valued at $5,678,958.06. This trade represents a 9.21 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert O’hare sold 100,938 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $55.00, for a total value of $5,551,590.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 580,843 shares of company stock valued at $32,256,766. Insiders own 12.41% of the company’s stock.

Affirm Stock Performance

AFRM opened at $66.55 on Friday. Affirm Holdings, Inc. has a 12-month low of $22.25 and a 12-month high of $70.03. The stock has a market cap of $20.90 billion, a price-to-earnings ratio of -46.87 and a beta of 3.47. The business has a 50 day moving average of $46.89 and a 200-day moving average of $36.73. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, topping the consensus estimate of ($0.36) by $0.05. The business had revenue of $698.48 million during the quarter, compared to analysts’ expectations of $661.39 million. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. During the same period last year, the firm posted ($0.57) EPS. On average, equities research analysts expect that Affirm Holdings, Inc. will post -0.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on AFRM shares. Needham & Company LLC reissued a “hold” rating on shares of Affirm in a research report on Friday, September 6th. Barclays increased their price target on Affirm from $54.00 to $64.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Susquehanna increased their price target on Affirm from $52.00 to $57.00 and gave the company a “positive” rating in a research report on Friday, November 8th. Mizuho increased their price target on Affirm from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Finally, Wedbush raised Affirm from an “underperform” rating to a “neutral” rating and increased their price target for the company from $25.00 to $45.00 in a research report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Affirm has an average rating of “Hold” and a consensus target price of $50.44.

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.