13,953 Shares of Affirm Holdings, Inc. $AFRM Purchased by Partners Wealth Management LLC

Partners Wealth Management LLC acquired a new position in Affirm Holdings, Inc. (NASDAQ:AFRM) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 13,953 shares of the company’s stock, valued at approximately $966,000.

Several other institutional investors have also recently modified their holdings of the company. Syntegra Private Wealth Group LLC bought a new stake in Affirm in the 1st quarter worth approximately $28,000. Reyes Financial Architecture Inc. bought a new position in Affirm during the third quarter valued at approximately $31,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in Affirm during the first quarter valued at approximately $34,000. Ascentis Independent Advisors purchased a new position in shares of Affirm during the first quarter worth approximately $41,000. Finally, Mather Group LLC. raised its stake 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 in the last quarter. 69.29% of the stock is currently owned by institutional investors.

Affirm Price Performance

Shares of Affirm stock opened at $73.47 on Friday. The company has a debt-to-equity ratio of 1.82, a current ratio of 11.80 and a quick ratio of 11.80. Affirm Holdings, Inc. has a one year low of $42.10 and a one year high of $90.44. The business’s 50 day simple moving average is $73.08 and its two-hundred day simple moving average is $66.59. The stock has a market capitalization of $24.79 billion, a P/E ratio of 13.31, a price-to-earnings-growth ratio of 3.04 and a beta of 3.82.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, August 27th. The company reported $4.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $4.27. Affirm had a return on equity of 47.91% and a net margin of 45.29%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the firm posted $0.20 earnings per share. The business’s quarterly revenue was up 33.1% compared to the same quarter last year. Analysts forecast that Affirm Holdings, Inc. will post 1.89 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AFRM. Dbs Bank raised shares of Affirm to a “moderate buy” rating in a research note on Wednesday, September 30th. Monness Crespi & Hardt initiated coverage on shares of Affirm in a report on Monday, October 26th. They set a “buy” rating and a $90.00 target price on the stock. Barclays lifted their target price on shares of Affirm from $97.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, August 28th. Loop Capital assumed coverage on shares of Affirm in a research note on Wednesday, September 9th. They issued a “buy” rating and a $105.00 price target for the company. Finally, UBS Group upped their price target on shares of Affirm from $82.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, August 28th. One analyst has rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $97.41.

Insider Activity

In other Affirm news, CFO Robert O’Hare sold 65,591 shares of the firm’s stock in a transaction on Friday, October 9th. The shares were sold at an average price of $80.02, for a total value of $5,248,591.82. Following the sale, the chief financial officer owned 2,734 shares of the company’s stock, valued at $218,774.68. This trade represents a 96.00% decrease in their position. The sale was disclosed in a legal filing 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 the firm’s stock in a transaction 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 sale, the insider directly owned 152,439 shares in the company, valued at approximately $11,513,717.67. This trade represents a 21.46% decrease in their position. 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 quarter, insiders have sold 280,118 shares of company stock valued at $22,223,307. 11.01% of the stock is owned by corporate insiders.

Affirm Company 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.