World Investment Advisors Increases Stock Holdings in Affirm Holdings, Inc. $AFRM

World Investment Advisors raised its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 59.8% during the first quarter, HoldingsChannel reports. The firm owned 32,893 shares of the company’s stock after purchasing an additional 12,305 shares during the quarter. World Investment Advisors’ holdings in Affirm were worth $1,507,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Greenline Wealth Management LLC acquired a new position in shares of Affirm in the 4th quarter valued at $26,000. Triumph Capital Management acquired a new stake in Affirm during the 3rd quarter worth about $31,000. CoreCap Advisors LLC grew its stake in Affirm by 431.3% during the 4th quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock valued at $33,000 after purchasing an additional 358 shares during the last quarter. Strive Financial Group LLC acquired a new position in shares of Affirm in the fourth quarter valued at about $33,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Affirm in the first quarter valued at about $34,000. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Affirm Stock Performance

Shares of Affirm stock opened at $83.62 on Wednesday. Affirm Holdings, Inc. has a one year low of $42.10 and a one year high of $100.00. The company has a market cap of $28.00 billion, a price-to-earnings ratio of 76.02, a PEG ratio of 3.53 and a beta of 3.67. The company has a debt-to-equity ratio of 2.39, a quick ratio of 11.32 and a current ratio of 11.32. The business’s 50 day moving average price is $70.54 and its 200 day moving average price is $63.44.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.17 by $0.13. Affirm had a return on equity of 11.17% and a net margin of 9.63%.The business had revenue of $943.95 million for the quarter, compared to analyst estimates of $995.27 million. The company’s quarterly revenue was up 32.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.01 EPS. On average, research analysts predict that Affirm Holdings, Inc. will post 1.24 EPS for the current year.

Insider Transactions at Affirm

In other Affirm news, Director Noel Bertram Watson sold 2,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $65.00, for a total value of $130,000.00. Following the completion of the transaction, the director owned 36,076 shares in the company, valued at $2,344,940. This represents a 5.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Michael Linford sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $80.04, for a total transaction of $8,004,000.00. Following the transaction, the chief operating officer owned 117,984 shares in the company, valued at approximately $9,443,439.36. This trade represents a 45.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 104,000 shares of company stock valued at $8,244,000. Corporate insiders own 11.01% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on AFRM shares. Citizens Jmp decreased their price objective on shares of Affirm from $105.00 to $85.00 and set a “market outperform” rating for the company in a research note on Friday, April 17th. Oppenheimer reissued an “outperform” rating and set a $87.00 target price on shares of Affirm in a report on Friday, May 8th. Robert W. Baird set a $70.00 target price on shares of Affirm in a research report on Friday, May 8th. Citigroup upped their price target on shares of Affirm from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Finally, Zacks Research downgraded Affirm from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $88.48.

About Affirm

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.