4,192 Shares in Affirm Holdings, Inc. (NASDAQ:AFRM) Purchased by Essex Financial Services Inc.

Essex Financial Services Inc. bought a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,192 shares of the company’s stock, valued at approximately $206,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Affirm by 1.2% in the third quarter. Vanguard Group Inc. now owns 18,737,059 shares of the company’s stock worth $398,537,000 after buying an additional 213,421 shares in the last quarter. Jump Financial LLC bought a new position in Affirm in the 3rd quarter worth about $4,417,000. Trexquant Investment LP raised its holdings in shares of Affirm by 79.1% in the 3rd quarter. Trexquant Investment LP now owns 395,889 shares of the company’s stock valued at $8,421,000 after acquiring an additional 174,807 shares in the last quarter. QRG Capital Management Inc. bought a new stake in shares of Affirm during the 3rd quarter valued at about $3,701,000. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Affirm during the 3rd quarter valued at about $2,875,000. 69.29% of the stock is currently owned by institutional investors.

Affirm Stock Performance

Shares of NASDAQ:AFRM opened at $34.93 on Friday. The company has a current ratio of 11.49, a quick ratio of 11.49 and a debt-to-equity ratio of 2.35. The company has a 50-day moving average price of $34.83 and a 200-day moving average price of $35.50. The company has a market cap of $10.72 billion, a price-to-earnings ratio of -14.03 and a beta of 3.56. Affirm Holdings, Inc. has a 12 month low of $8.80 and a 12 month high of $52.48.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, February 8th. The company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.08. Affirm had a negative return on equity of 25.10% and a negative net margin of 39.19%. The business had revenue of $591.11 million during the quarter, compared to analyst estimates of $523.92 million. As a group, equities analysts anticipate that Affirm Holdings, Inc. will post -2.45 EPS for the current year.

Analyst Ratings Changes

AFRM has been the topic of a number of research analyst reports. Barclays reduced their target price on Affirm from $50.00 to $41.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 16th. Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a research report on Tuesday, April 23rd. BMO Capital Markets boosted their target price on Affirm from $44.00 to $47.00 and gave the stock a “market perform” rating in a research report on Monday, February 12th. The Goldman Sachs Group increased their price target on shares of Affirm from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Affirm from $24.00 to $35.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $27.86.

Insider Activity at Affirm

In related news, Director Keith Rabois sold 9,276 shares of Affirm stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $32.12, for a total value of $297,945.12. Following the sale, the director now owns 60,000 shares in the company, valued at $1,927,200. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 13.05% of the stock is owned by corporate insiders.

Affirm Company 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.