Advisors Asset Management Inc. Buys 1,037 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Advisors Asset Management Inc. boosted its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRMGet Rating) by 12.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,172 shares of the company’s stock after purchasing an additional 1,037 shares during the quarter. Advisors Asset Management Inc.’s holdings in Affirm were worth $166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AFRM. Kestra Advisory Services LLC raised its stake in Affirm by 25.5% in the first quarter. Kestra Advisory Services LLC now owns 4,492 shares of the company’s stock valued at $208,000 after buying an additional 912 shares during the last quarter. SG Americas Securities LLC raised its stake in Affirm by 127.9% in the first quarter. SG Americas Securities LLC now owns 26,983 shares of the company’s stock valued at $1,249,000 after buying an additional 15,143 shares during the last quarter. National Asset Management Inc. raised its stake in Affirm by 131.9% in the first quarter. National Asset Management Inc. now owns 14,150 shares of the company’s stock valued at $655,000 after buying an additional 8,047 shares during the last quarter. State of New Jersey Common Pension Fund D raised its stake in Affirm by 92.9% in the first quarter. State of New Jersey Common Pension Fund D now owns 102,529 shares of the company’s stock valued at $4,745,000 after buying an additional 49,376 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in Affirm by 91.2% in the first quarter. Arizona State Retirement System now owns 45,703 shares of the company’s stock valued at $2,115,000 after buying an additional 21,797 shares during the last quarter. 72.76% of the stock is currently owned by hedge funds and other institutional investors.

Affirm Stock Down 4.1 %

Shares of AFRM opened at $12.96 on Tuesday. The company has a current ratio of 11.41, a quick ratio of 11.41 and a debt-to-equity ratio of 1.68. Affirm Holdings, Inc. has a 12 month low of $11.94 and a 12 month high of $140.49. The stock’s 50 day moving average is $19.07 and its two-hundred day moving average is $22.95. The firm has a market cap of $3.76 billion, a P/E ratio of -5.71 and a beta of 3.08.

Affirm (NASDAQ:AFRMGet Rating) last issued its quarterly earnings data on Thursday, August 25th. The company reported ($0.65) EPS for the quarter, missing the consensus estimate of ($0.45) by ($0.20). Affirm had a negative net margin of 45.24% and a negative return on equity of 25.51%. The business had revenue of $364.10 million during the quarter, compared to analyst estimates of $354.86 million. During the same period in the previous year, the business posted ($0.48) earnings per share. The firm’s revenue for the quarter was up 39.0% on a year-over-year basis. Analysts predict that Affirm Holdings, Inc. will post -3.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on AFRM. Wedbush decreased their price target on Affirm from $15.00 to $10.00 in a research note on Wednesday, November 9th. Deutsche Bank Aktiengesellschaft reduced their price objective on Affirm from $22.00 to $14.00 and set a “hold” rating for the company in a research note on Wednesday, November 9th. Sumitomo Mitsui Financial Group raised their price objective on Affirm from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday, August 26th. Barclays reduced their price objective on Affirm from $29.00 to $16.00 and set an “overweight” rating for the company in a research note on Thursday, November 10th. Finally, The Goldman Sachs Group raised their price objective on Affirm from $22.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, August 26th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $29.72.

Insider Buying and Selling at Affirm

In other Affirm news, Director Keith Rabois sold 17,287 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $20.04, for a total value of $346,431.48. Following the sale, the director now directly owns 86,434 shares of the company’s stock, valued at $1,732,137.36. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 12.11% of the stock is owned by corporate insiders.

Affirm Company Profile

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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 from one to sixty months.

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Institutional Ownership by Quarter for Affirm (NASDAQ:AFRM)

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