Catalyst Private Wealth LLC Has $6.13 Million Stock Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

Catalyst Private Wealth LLC reduced its position in Affirm Holdings, Inc. (NASDAQ:AFRMFree Report) by 6.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 164,478 shares of the company’s stock after selling 10,870 shares during the quarter. Affirm makes up about 3.2% of Catalyst Private Wealth LLC’s investment portfolio, making the stock its 5th biggest holding. Catalyst Private Wealth LLC owned approximately 0.05% of Affirm worth $6,128,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AFRM. Planned Solutions Inc. acquired a new position in Affirm in the fourth quarter valued at approximately $25,000. Creative Financial Designs Inc. ADV boosted its position in shares of Affirm by 82.2% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 665 shares of the company’s stock worth $33,000 after buying an additional 300 shares during the period. Raleigh Capital Management Inc. acquired a new position in shares of Affirm during the fourth quarter worth approximately $33,000. Global Wealth Strategies & Associates boosted its position in shares of Affirm by 94.0% during the first quarter. Global Wealth Strategies & Associates now owns 970 shares of the company’s stock worth $36,000 after buying an additional 470 shares during the period. Finally, Principal Securities Inc. acquired a new position in shares of Affirm during the fourth quarter worth approximately $49,000. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AFRM has been the subject of several analyst reports. Mizuho reiterated a “buy” rating and set a $65.00 price objective on shares of Affirm in a research report on Thursday. BTIG Research began coverage on Affirm in a research report on Friday, June 7th. They issued a “neutral” rating for the company. Royal Bank of Canada restated a “sector perform” rating and issued a $43.00 target price on shares of Affirm in a research report on Friday, May 24th. Barclays cut their target price on Affirm from $50.00 to $41.00 and set an “overweight” rating for the company in a research report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. raised Affirm from a “neutral” rating to an “overweight” rating and upped their price target for the company from $41.00 to $43.00 in a report on Thursday, May 9th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $31.28.

Check Out Our Latest Stock Analysis on AFRM

Insider Transactions at Affirm

In related news, Director Keith Rabois sold 9,276 shares of the company’s 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 completion of the sale, the director now directly owns 60,000 shares in the company, valued at $1,927,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 13.05% of the stock is currently owned by company insiders.

Affirm Stock Down 0.9 %

Shares of NASDAQ AFRM traded down $0.27 during mid-day trading on Friday, reaching $29.87. The company had a trading volume of 5,656,623 shares, compared to its average volume of 6,217,049. Affirm Holdings, Inc. has a twelve month low of $12.81 and a twelve month high of $52.48. The company has a debt-to-equity ratio of 2.43, a quick ratio of 12.94 and a current ratio of 12.94. The stock has a market capitalization of $9.23 billion, a PE ratio of -13.39 and a beta of 3.47. The stock’s 50 day moving average is $31.71 and its 200-day moving average is $37.37.

Affirm (NASDAQ:AFRMGet Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The company reported ($0.43) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.27. Affirm had a negative net margin of 32.17% and a negative return on equity of 22.06%. The business had revenue of $576.00 million for the quarter, compared to the consensus estimate of $549.99 million. During the same period in the prior year, the business posted ($0.69) earnings per share. Affirm’s revenue for the quarter was up 51.2% compared to the same quarter last year. As a group, equities analysts anticipate that Affirm Holdings, Inc. will post -1.98 earnings per share for the current fiscal year.

Affirm Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Affirm (NASDAQ:AFRM)

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