WESPAC Advisors LLC Makes New $575,000 Investment in Affirm Holdings, Inc. $AFRM

WESPAC Advisors LLC purchased a new position in Affirm Holdings, Inc. (NASDAQ:AFRM) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,310 shares of the company’s stock, valued at approximately $575,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Yousif Capital Management LLC boosted its position in Affirm by 3.7% in the 3rd quarter. Yousif Capital Management LLC now owns 3,914 shares of the company’s stock valued at $271,000 after buying an additional 139 shares during the period. Rhodes Investment Advisors Inc. ADV increased its position in shares of Affirm by 1.3% during the third quarter. Rhodes Investment Advisors Inc. ADV now owns 11,378 shares of the company’s stock worth $788,000 after acquiring an additional 149 shares during the period. Mather Group LLC. increased its position in shares of Affirm by 52.9% during the third quarter. Mather Group LLC. now owns 613 shares of the company’s stock worth $42,000 after acquiring an additional 212 shares during the period. Signaturefd LLC increased its position in shares of Affirm by 3.7% during the third quarter. Signaturefd LLC now owns 7,587 shares of the company’s stock worth $525,000 after acquiring an additional 270 shares during the period. Finally, QRG Capital Management Inc. raised its stake in shares of Affirm by 3.6% during the first quarter. QRG Capital Management Inc. now owns 9,684 shares of the company’s stock valued at $444,000 after acquiring an additional 340 shares in the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on AFRM shares. UBS Group boosted their price target on Affirm from $82.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, August 28th. Dbs Bank upgraded Affirm to a “moderate buy” rating in a report on Wednesday, September 30th. Needham & Company LLC set a $85.00 target price on Affirm in a research report on Wednesday, September 16th. Scotiabank began coverage on Affirm in a report on Wednesday, September 2nd. They issued a “sector outperform” rating and a $95.00 target price for the company. Finally, Citizens Jmp reissued a “market outperform” rating and set a $85.00 price target on shares of Affirm in a research report on Wednesday, September 16th. Twenty-five research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $97.41.

Affirm Trading Down 0.8%

NASDAQ:AFRM opened at $69.49 on Tuesday. The firm has a 50-day simple moving average of $73.20 and a 200-day simple moving average of $66.73. Affirm Holdings, Inc. has a one year low of $42.10 and a one year high of $90.44. The firm has a market cap of $23.45 billion, a P/E ratio of 12.59, a P/E/G ratio of 2.81 and a beta of 3.82. The company has a debt-to-equity ratio of 1.82, a quick ratio of 11.80 and a current ratio of 11.80.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Thursday, August 27th. The company reported $4.62 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $4.27. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.11 billion. Affirm had a net margin of 45.29% and a return on equity of 47.91%. Affirm’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.20 earnings per share. Equities analysts anticipate that Affirm Holdings, Inc. will post 1.91 EPS for the current fiscal year.

Insider Buying and Selling

In other Affirm news, CFO Robert O’Hare sold 65,591 shares of Affirm stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $80.02, for a total value of $5,248,591.82. Following the transaction, the chief financial officer owned 2,734 shares in the company, valued at $218,774.68. The trade was a 96.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Katherine Adkins sold 41,664 shares of Affirm stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $75.53, for a total transaction of $3,146,881.92. Following the completion of the transaction, the insider directly owned 152,439 shares in the company, valued at approximately $11,513,717.67. The trade was a 21.46% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 280,118 shares of company stock worth $22,223,307 in the last three months. 11.01% of the stock is owned by company insiders.

Affirm Profile

Affirm Holdings, Inc (NASDAQ: AFRM) operates a financial technology platform that provides consumers with flexible payment options at the point of sale. Its services allow shoppers to split eligible purchases into scheduled installments, with terms and costs disclosed before a transaction is completed.

Affirm’s platform is available through online and mobile checkout experiences, as well as through the Affirm app. Its product offerings include buy now, pay later financing, the Affirm Card, and savings products.