Balentine LLC Takes Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Balentine LLC purchased a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,348 shares of the company’s stock, valued at approximately $214,000.

Several other hedge funds have also bought and sold shares of AFRM. Planned Solutions Inc. acquired a new stake in Affirm in the 4th quarter valued at $25,000. Creative Financial Designs Inc. ADV grew its position in Affirm by 82.2% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 665 shares of the company’s stock valued at $33,000 after purchasing an additional 300 shares during the period. Principal Securities Inc. acquired a new stake in Affirm in the 4th quarter valued at $49,000. Lindbrook Capital LLC grew its position in Affirm by 117.9% in the 4th quarter. Lindbrook Capital LLC now owns 1,386 shares of the company’s stock valued at $68,000 after purchasing an additional 750 shares during the period. Finally, Whittier Trust Co. grew its position in Affirm by 9,900.0% in the 4th quarter. Whittier Trust Co. now owns 1,500 shares of the company’s stock valued at $74,000 after purchasing an additional 1,485 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AFRM shares. Stephens lifted their price objective on shares of Affirm from $6.00 to $16.00 and gave the stock an “underweight” rating in a report on Friday, February 9th. Wedbush reaffirmed an “underperform” rating and set a $20.00 price objective on shares of Affirm in a report on Friday, February 9th. The Goldman Sachs Group lifted their price objective on shares of Affirm from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. BMO Capital Markets cut their price objective on shares of Affirm from $48.00 to $46.00 and set a “market perform” rating on the stock in a report on Friday, May 10th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Affirm in a report on Thursday, May 9th. Six analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Affirm presently has a consensus rating of “Hold” and a consensus target price of $27.53.

Affirm Stock Down 3.0 %

Shares of AFRM opened at $29.68 on Friday. The business’s 50-day moving average price is $33.53 and its 200-day moving average price is $36.87. Affirm Holdings, Inc. has a twelve month low of $12.81 and a twelve month high of $52.48. The company has a current ratio of 12.94, a quick ratio of 12.94 and a debt-to-equity ratio of 2.43.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($0.43) earnings per share for the quarter, beating the consensus estimate of ($0.70) by $0.27. The firm had revenue of $576.00 million for the quarter, compared to analysts’ expectations of $549.99 million. Affirm had a negative return on equity of 22.06% and a negative net margin of 32.17%. The company’s revenue was up 51.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.69) earnings per share. On average, analysts predict that Affirm Holdings, Inc. will post -1.98 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Keith Rabois sold 9,276 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 60,000 shares in the company, valued at $1,927,200. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 13.05% of the stock is owned by company 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.