SLT Holdings LLC Buys Shares of 4,054 Affirm Holdings, Inc. (NASDAQ:AFRM)

SLT Holdings LLC purchased a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,054 shares of the company’s stock, valued at approximately $247,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geneos Wealth Management Inc. grew its position in shares of Affirm by 356.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock valued at $32,000 after purchasing an additional 410 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Affirm in the fourth quarter valued at about $33,000. Bogart Wealth LLC acquired a new stake in shares of Affirm in the fourth quarter valued at about $61,000. Valley National Advisers Inc. acquired a new stake in Affirm during the fourth quarter worth about $61,000. Finally, Advisors Asset Management Inc. grew its position in 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. 69.29% of the stock is owned by institutional investors and hedge funds.

Affirm Stock Performance

NASDAQ:AFRM opened at $51.97 on Friday. Affirm Holdings, Inc. has a 1 year low of $22.25 and a 1 year high of $82.53. The firm has a 50 day moving average of $63.40 and a 200-day moving average of $55.21. 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 stock has a market capitalization of $16.53 billion, a P/E ratio of -79.95 and a beta of 3.63.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) 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%. As a group, sell-side analysts anticipate that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Robert O’hare sold 6,541 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $62.28, for a total value of $407,373.48. Following the completion of the transaction, the chief financial officer now owns 2,963 shares in the company, valued at $184,535.64. The trade was a 68.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Keith Rabois sold 16,086 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $68.98, for a total transaction of $1,109,612.28. Following the completion of the transaction, the director now owns 109,780 shares of the company’s stock, valued at $7,572,624.40. This trade represents a 12.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 478,387 shares of company stock worth $32,691,830 in the last quarter. Insiders own 12.41% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AFRM shares. JPMorgan Chase & Co. lifted their target price on Affirm from $56.00 to $74.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Morgan Stanley lifted their target price on Affirm from $39.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 28th. Bank of America lifted their target price on Affirm from $50.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, November 22nd. JMP Securities lifted their target price on Affirm from $78.00 to $85.00 and gave the stock a “market outperform” rating in a research report on Friday, February 7th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Affirm in a research report on Friday, February 7th. Nine 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 company. Based on data from MarketBeat.com, Affirm has an average rating of “Moderate Buy” and an average price target of $70.24.

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.