Myecfo LLC Has $410,000 Stock Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

Myecfo LLC raised its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 24.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,995 shares of the company’s stock after purchasing an additional 2,144 shares during the quarter. Myecfo LLC’s holdings in Affirm were worth $410,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of AFRM. Planned Solutions Inc. bought a new position in shares of Affirm in the 4th quarter valued at $25,000. Creative Financial Designs Inc. ADV lifted its stake in shares of 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 acquiring an additional 300 shares during the last quarter. Raleigh Capital Management Inc. bought a new position in shares of Affirm in the 4th quarter valued at $33,000. Global Wealth Strategies & Associates lifted its stake in shares of Affirm by 94.0% in the 1st quarter. Global Wealth Strategies & Associates now owns 970 shares of the company’s stock valued at $36,000 after acquiring an additional 470 shares during the last quarter. Finally, Principal Securities Inc. bought a new position in shares of Affirm in the 4th quarter valued at $49,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

Insider Buying and Selling at Affirm

In other Affirm news, Director Keith Rabois sold 9,276 shares of Affirm stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $29.89, for a total transaction of $277,259.64. Following the completion of the transaction, the director now owns 73,623 shares in the company, valued at approximately $2,200,591.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 13.05% of the company’s stock.

Affirm Stock Down 1.5 %

Shares of AFRM traded down $0.45 during trading hours on Tuesday, hitting $29.38. The stock had a trading volume of 4,520,870 shares, compared to its average volume of 8,609,394. The company has a debt-to-equity ratio of 2.43, a current ratio of 12.94 and a quick ratio of 12.94. The firm has a 50 day simple moving average of $31.67 and a 200-day simple moving average of $36.82. The firm has a market capitalization of $9.08 billion, a P/E ratio of -13.17 and a beta of 3.45. Affirm Holdings, Inc. has a 1-year low of $12.81 and a 1-year high of $52.48.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.43) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.70) by $0.27. The business had revenue of $576.00 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 51.2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.69) EPS. Sell-side analysts predict that Affirm Holdings, Inc. will post -1.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AFRM has been the subject of several analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $42.00 target price on shares of Affirm in a research report on Monday, June 24th. BTIG Research initiated coverage on Affirm in a research report on Friday, June 7th. They set a “neutral” rating for the company. Barclays lowered 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. JMP Securities initiated coverage on Affirm in a research report on Friday. They set a “market perform” rating for the company. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Affirm in a research report on Thursday, May 9th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $32.66.

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.