Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Purchased by Algert Global LLC

Algert Global LLC boosted its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 1.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,939 shares of the company’s stock after acquiring an additional 2,687 shares during the period. Algert Global LLC owned 0.05% of Affirm worth $6,406,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in AFRM. Ridgewood Investments LLC acquired a new stake in Affirm in the second quarter valued at $27,000. ORG Wealth Partners LLC bought a new stake in Affirm during the third quarter valued at $29,000. Allspring Global Investments Holdings LLC increased its stake in Affirm by 82.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock valued at $36,000 after purchasing an additional 540 shares during the last quarter. ORG Partners LLC increased its stake in Affirm by 80.0% during the second quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock valued at $37,000 after purchasing an additional 551 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in Affirm by 168.2% during the third quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock valued at $44,000 after purchasing an additional 671 shares during the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Affirm

In other Affirm news, CFO Robert O’hare sold 100,938 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $55.00, for a total value of $5,551,590.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Libor Michalek sold 77,105 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $64.08, for a total value of $4,940,888.40. Following the completion of the sale, the president now owns 159,449 shares of the company’s stock, valued at $10,217,491.92. This trade represents a 32.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 580,843 shares of company stock valued at $32,256,766. 12.41% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have weighed in on the stock. The Goldman Sachs Group boosted their target price on shares of Affirm from $46.00 to $54.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Royal Bank of Canada reiterated a “sector perform” rating and set a $46.00 target price on shares of Affirm in a research note on Friday, October 4th. Susquehanna upped their price target on shares of Affirm from $52.00 to $57.00 and gave the stock a “positive” rating in a research report on Friday, November 8th. Barclays upped their price target on shares of Affirm from $54.00 to $64.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Finally, Morgan Stanley upgraded shares of Affirm from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $22.00 to $37.00 in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $50.44.

Affirm Trading Up 1.2 %

NASDAQ:AFRM opened at $66.55 on Friday. Affirm Holdings, Inc. has a 1-year low of $22.25 and a 1-year high of $70.03. The business’s 50-day moving average price is $46.89 and its two-hundred day moving average price is $36.73. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50. The firm has a market capitalization of $20.90 billion, a price-to-earnings ratio of -46.87 and a beta of 3.47.

Affirm (NASDAQ:AFRM) last released its earnings results 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 for the quarter, compared to analyst estimates of $661.39 million. During the same quarter in the prior year, the firm posted ($0.57) earnings per share. On average, equities analysts expect that Affirm Holdings, Inc. will post -0.53 earnings per share for the current year.

About Affirm

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.