Coldstream Capital Management Inc. Makes New Investment in Affirm Holdings, Inc. (NASDAQ:AFRM)

Coldstream Capital Management Inc. acquired a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) in the 4th quarter, Holdings Channel reports. The firm acquired 4,242 shares of the company’s stock, valued at approximately $258,000.

A number of other institutional investors also recently modified their holdings of AFRM. Geneos Wealth Management Inc. increased its stake in Affirm by 356.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock valued at $32,000 after purchasing an additional 410 shares in the last quarter. R Squared Ltd bought a new stake in Affirm in the 4th quarter valued at about $33,000. Coppell Advisory Solutions LLC acquired a new position in Affirm during the 4th quarter worth approximately $40,000. Strategic Investment Solutions Inc. IL bought a new position in Affirm in the fourth quarter worth approximately $43,000. Finally, Creative Financial Designs Inc. ADV grew its stake in Affirm by 640.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 740 shares of the company’s stock valued at $45,000 after acquiring an additional 640 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Stock Performance

NASDAQ:AFRM opened at $49.75 on Friday. The company has a market capitalization of $15.82 billion, a P/E ratio of -76.54 and a beta of 3.68. The business has a fifty day simple moving average of $47.73 and a two-hundred day simple moving average of $56.35. The company has a debt-to-equity ratio of 2.68, a current ratio of 11.26 and a quick ratio of 11.26. Affirm Holdings, Inc. has a 1 year low of $22.25 and a 1 year high of $82.53.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.44. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. On average, analysts expect that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Insider Activity

In related news, Director Noel Bertram Watson sold 2,500 shares of the business’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $45.78, for a total transaction of $114,450.00. Following the sale, the director now directly owns 38,997 shares in the company, valued at approximately $1,785,282.66. The trade was a 6.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Christa S. Quarles sold 5,000 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $80.00, for a total value of $400,000.00. Following the completion of the transaction, the director now owns 137,325 shares of the company’s stock, valued at approximately $10,986,000. This represents a 3.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,762 shares of company stock valued at $3,241,246 over the last quarter. Company insiders own 12.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on AFRM shares. Compass Point raised Affirm from a “neutral” rating to a “buy” rating and upped their target price for the stock from $61.00 to $64.00 in a research report on Wednesday, March 19th. Barclays raised their price objective on shares of Affirm from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. BMO Capital Markets reissued an “outperform” rating and set a $69.00 target price on shares of Affirm in a research report on Thursday, March 20th. Morgan Stanley lifted their price target on Affirm from $39.00 to $55.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 28th. Finally, Wells Fargo & Company lowered their price objective on Affirm from $85.00 to $67.00 and set an “overweight” rating for the company in a research note on Wednesday, April 9th. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.74.

Affirm 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.