Omega Financial Group LLC boosted its position in Affirm Holdings, Inc. (NASDAQ:AFRM – Free Report) by 8.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,503 shares of the company’s stock after purchasing an additional 4,303 shares during the period. Omega Financial Group LLC’s holdings in Affirm were worth $851,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Affirm by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 17,192,315 shares of the company’s stock valued at $322,528,000 after acquiring an additional 754,554 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Affirm by 14.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 11,350,295 shares of the company’s stock worth $204,987,000 after buying an additional 1,404,278 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Affirm by 4.9% in the third quarter. BlackRock Inc. now owns 8,877,070 shares of the company’s stock valued at $166,533,000 after buying an additional 415,059 shares in the last quarter. State Street Corp lifted its position in shares of Affirm by 9.8% during the 3rd quarter. State Street Corp now owns 3,920,885 shares of the company’s stock valued at $73,556,000 after acquiring an additional 349,071 shares during the last quarter. Finally, Spyglass Capital Management LLC boosted its stake in shares of Affirm by 6.9% during the 4th quarter. Spyglass Capital Management LLC now owns 3,351,631 shares of the company’s stock worth $32,410,000 after acquiring an additional 216,504 shares in the last quarter. 59.69% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts have issued reports on AFRM shares. Piper Sandler downgraded Affirm from a “neutral” rating to an “underweight” rating and set a $11.00 price objective on the stock. in a report on Thursday, July 6th. BTIG Research began coverage on Affirm in a research note on Tuesday, June 13th. They set a “sell” rating and a $10.00 price target for the company. Mizuho boosted their price target on Affirm from $20.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, September 5th. Compass Point assumed coverage on shares of Affirm in a research report on Thursday, June 22nd. They issued a “neutral” rating and a $14.50 target price for the company. Finally, Bank of America raised their price target on shares of Affirm from $13.00 to $20.00 in a report on Monday, June 12th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $16.22.
Affirm Trading Up 3.4 %
Shares of NASDAQ AFRM traded up $0.82 during mid-day trading on Monday, hitting $25.19. The company’s stock had a trading volume of 7,764,183 shares, compared to its average volume of 16,700,566. The company has a debt-to-equity ratio of 2.13, a current ratio of 11.81 and a quick ratio of 11.81. The stock has a market cap of $7.54 billion, a price-to-earnings ratio of -7.60 and a beta of 3.06. The company’s fifty day simple moving average is $17.97 and its 200-day simple moving average is $14.61. Affirm Holdings, Inc. has a one year low of $8.62 and a one year high of $25.59.
Affirm (NASDAQ:AFRM – Get Free Report) last released its quarterly earnings data on Thursday, August 24th. The company reported ($0.69) EPS for the quarter, beating analysts’ consensus estimates of ($0.87) by $0.18. Affirm had a negative return on equity of 38.95% and a negative net margin of 62.05%. The business had revenue of $445.83 million during the quarter, compared to the consensus estimate of $406.18 million. During the same quarter in the prior year, the company posted ($0.65) earnings per share. The firm’s revenue was up 22.4% on a year-over-year basis. On average, sell-side analysts anticipate that Affirm Holdings, Inc. will post -2.81 earnings per share for the current fiscal year.
Insider Buying and Selling at Affirm
In related news, major shareholder Private Ltd Gic sold 203,905 shares of the firm’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $15.42, for a total transaction of $3,144,215.10. Following the sale, the insider now directly owns 11,887,747 shares in the company, valued at $183,309,058.74. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 12.11% of the company’s stock.
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.
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