Berkshire Capital Holdings Inc. Buys 32,540 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Berkshire Capital Holdings Inc. raised its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 22.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,370 shares of the company’s stock after buying an additional 32,540 shares during the period. Affirm comprises about 3.9% of Berkshire Capital Holdings Inc.’s holdings, making the stock its 10th largest position. Berkshire Capital Holdings Inc. owned 0.06% of Affirm worth $10,802,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geneos Wealth Management Inc. grew its holdings in shares of Affirm by 356.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock worth $32,000 after buying an additional 410 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Affirm during the 4th quarter valued at approximately $33,000. Creative Financial Designs Inc. ADV lifted its position in shares of Affirm by 640.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 740 shares of the company’s stock valued at $45,000 after acquiring an additional 640 shares during the period. Bogart Wealth LLC acquired a new position in shares of Affirm during the 4th quarter worth approximately $61,000. Finally, Valley National Advisers Inc. acquired a new position in shares of Affirm during the 4th quarter worth approximately $61,000. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Affirm

In other Affirm news, Director Keith Rabois sold 16,086 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $62.32, for a total transaction of $1,002,479.52. Following the completion of the sale, the director now owns 93,694 shares in the company, valued at approximately $5,839,010.08. The trade was a 14.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Robert O’hare sold 6,541 shares of Affirm stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $62.28, for a total transaction of $407,373.48. Following the transaction, the chief financial officer now directly owns 2,963 shares in the company, valued at $184,535.64. This represents a 68.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 62,301 shares of company stock worth $3,920,543. Company insiders own 12.41% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AFRM. Compass Point upgraded Affirm from a “neutral” rating to a “buy” rating and boosted their price target for the company from $61.00 to $64.00 in a report on Wednesday. The Goldman Sachs Group cut their price objective on shares of Affirm from $90.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday. William Blair began coverage on shares of Affirm in a research note on Wednesday, January 15th. They issued an “outperform” rating on the stock. Barclays increased their price objective on shares of Affirm from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Finally, Morgan Stanley upped their target price on shares of Affirm from $39.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Affirm currently has a consensus rating of “Moderate Buy” and an average price target of $68.41.

Affirm Trading Up 9.2 %

Shares of Affirm stock opened at $47.71 on Thursday. The company has a market capitalization of $15.17 billion, a price-to-earnings ratio of -73.40 and a beta of 3.63. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68. Affirm Holdings, Inc. has a 12-month low of $22.25 and a 12-month high of $82.53. The firm’s 50-day moving average price is $61.00 and its two-hundred day moving average price is $55.95.

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

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.