Plato Investment Management Ltd Increases Stock Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

Plato Investment Management Ltd raised its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 36.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,103 shares of the company’s stock after buying an additional 836 shares during the quarter. Plato Investment Management Ltd’s holdings in Affirm were worth $127,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Ridgewood Investments LLC acquired a new stake in Affirm in the 2nd quarter worth approximately $27,000. ORG Wealth Partners LLC purchased a new stake in shares of Affirm during the third quarter valued at $29,000. Allspring Global Investments Holdings LLC increased its position in shares of Affirm by 82.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock valued at $36,000 after acquiring an additional 540 shares during the period. ORG Partners LLC raised its stake in Affirm by 80.0% in the 2nd quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock worth $37,000 after acquiring an additional 551 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its position in Affirm by 200.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock worth $45,000 after acquiring an additional 732 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on AFRM shares. Susquehanna increased their price objective on Affirm from $52.00 to $57.00 and gave the company a “positive” rating in a report on Friday, November 8th. JPMorgan Chase & Co. raised their price target on shares of Affirm from $47.00 to $56.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $46.00 price objective on shares of Affirm in a report on Friday, October 4th. Mizuho reiterated an “outperform” rating and issued a $65.00 price objective on shares of Affirm in a research note on Tuesday, August 27th. Finally, The Goldman Sachs Group boosted their target price on shares of Affirm from $46.00 to $54.00 and gave the company a “buy” rating in a research report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $46.03.

Affirm Trading Up 5.5 %

Shares of NASDAQ:AFRM opened at $56.15 on Friday. The firm has a market capitalization of $17.47 billion, a price-to-earnings ratio of -39.54 and a beta of 3.47. The business’s 50 day moving average price is $44.49 and its 200-day moving average price is $35.66. The company has a debt-to-equity ratio of 2.50, a current ratio of 12.60 and a quick ratio of 12.60. Affirm Holdings, Inc. has a 1 year low of $22.25 and a 1 year high of $59.27.

Affirm (NASDAQ:AFRM) last released its earnings results on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 17.67% and a negative return on equity of 12.57%. During the same quarter in the previous year, the company earned ($0.57) earnings per share. On average, equities research analysts forecast that Affirm Holdings, Inc. will post -0.6 earnings per share for the current fiscal year.

Insider Buying and Selling at Affirm

In other news, CFO Robert O’hare sold 100,938 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $55.00, for a total transaction of $5,551,590.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Christa S. Quarles sold 14,400 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $40.02, for a total value of $576,288.00. Following the completion of the sale, the director now directly owns 141,903 shares of the company’s stock, valued at approximately $5,678,958.06. This represents a 9.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 403,738 shares of company stock valued at $21,115,878 over the last quarter. 12.41% of the stock is currently owned by 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.