Plato Investment Management Ltd Purchases 836 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Plato Investment Management Ltd boosted its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 36.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,103 shares of the company’s stock after buying an additional 836 shares during the period. Plato Investment Management Ltd’s holdings in Affirm were worth $127,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. ORG Wealth Partners LLC purchased a new stake in shares of Affirm during the 3rd quarter worth approximately $29,000. Ridgewood Investments LLC bought a new position in Affirm during the second quarter valued at $27,000. Venturi Wealth Management LLC lifted its position in Affirm by 200.5% during the third quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock valued at $45,000 after purchasing an additional 732 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Affirm by 82.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock worth $36,000 after buying an additional 540 shares in the last quarter. Finally, ORG Partners LLC increased its holdings in shares of Affirm by 80.0% in the 2nd quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock worth $37,000 after buying an additional 551 shares during the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Insider Transactions at Affirm

In other news, Director Christa S. Quarles sold 14,400 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $40.02, for a total value of $576,288.00. Following the completion of the transaction, the director now directly owns 141,903 shares of the company’s stock, valued at approximately $5,678,958.06. The trade was a 9.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Katherine Adkins sold 6,084 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $45.00, for a total value of $273,780.00. Following the sale, the insider now directly owns 122,069 shares in the company, valued at approximately $5,493,105. The trade was a 4.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 403,738 shares of company stock valued at $21,115,878. Company insiders own 12.41% of the company’s stock.

Affirm Trading Up 5.5 %

Shares of NASDAQ AFRM opened at $56.15 on Friday. Affirm Holdings, Inc. has a twelve month low of $22.25 and a twelve month high of $59.27. The firm has a market cap of $17.47 billion, a PE ratio of -39.54 and a beta of 3.47. The business has a fifty day simple moving average of $44.49 and a two-hundred day simple moving average of $35.66. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, beating the consensus estimate of ($0.36) by $0.05. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. The firm had revenue of $698.48 million during the quarter, compared to the consensus estimate of $661.39 million. During the same period in the previous year, the company posted ($0.57) earnings per share. Analysts expect that Affirm Holdings, Inc. will post -0.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on AFRM shares. Mizuho reiterated an “outperform” rating and issued a $65.00 price target on shares of Affirm in a research report on Tuesday, August 27th. Bank of America lifted their target price on Affirm from $36.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Royal Bank of Canada restated a “sector perform” rating and set a $46.00 price target on shares of Affirm in a report on Friday, October 4th. Wells Fargo & Company raised their price target on Affirm from $52.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Finally, Morgan Stanley upgraded shares of Affirm from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $22.00 to $37.00 in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $46.03.

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.