Brooklyn Investment Group Buys Shares of 1,922 Affirm Holdings, Inc. (NASDAQ:AFRM)

Brooklyn Investment Group bought a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) during the third quarter, HoldingsChannel.com reports. The firm bought 1,922 shares of the company’s stock, valued at approximately $78,000.

Other large investors have also recently modified their holdings of the company. Ridgewood Investments LLC acquired a new stake in shares of Affirm during the 2nd quarter valued at $27,000. ORG Wealth Partners LLC bought a new position in shares of Affirm in the 3rd quarter worth about $29,000. Allspring Global Investments Holdings LLC raised its position 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 acquiring an additional 540 shares in the last quarter. ORG Partners LLC raised its position 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 acquiring an additional 551 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its position in shares of Affirm by 168.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after acquiring an additional 671 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Insider Activity at Affirm

In other Affirm news, President Libor Michalek sold 96,332 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $70.01, for a total transaction of $6,744,203.32. Following the completion of the transaction, the president now owns 159,449 shares of the company’s stock, valued at approximately $11,163,024.49. This trade represents a 37.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert O’hare sold 79,039 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $70.01, for a total transaction of $5,533,520.39. The disclosure for this sale can be found here. Insiders have sold a total of 868,253 shares of company stock valued at $52,186,668 over the last 90 days. 12.41% of the stock is owned by insiders.

Analysts Set New Price Targets

AFRM has been the subject of a number of research analyst reports. Wells Fargo & Company boosted their target price on Affirm from $52.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Mizuho boosted their target price on Affirm from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Bank of America boosted their target price on Affirm from $50.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Barclays boosted their target price on Affirm from $64.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Morgan Stanley upgraded Affirm from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $22.00 to $37.00 in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $52.53.

Affirm Trading Up 3.2 %

Affirm stock opened at $68.37 on Friday. The stock has a market cap of $21.47 billion, a P/E ratio of -48.15 and a beta of 3.47. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $70.20. The firm’s fifty day moving average price is $48.32 and its 200-day moving average price is $37.47. The company has a debt-to-equity ratio of 2.50, a quick ratio of 12.60 and a current ratio of 12.60.

Affirm (NASDAQ:AFRM) last released its earnings results on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.05. The business had revenue of $698.48 million for the quarter, compared to analysts’ expectations of $661.39 million. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. During the same quarter in the prior year, the firm earned ($0.57) earnings per share. Equities research analysts forecast that Affirm Holdings, Inc. will post -0.53 earnings per share for the current fiscal year.

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.