Faithward Advisors LLC Decreases Stake in Affirm Holdings, Inc. $AFRM

Faithward Advisors LLC reduced its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 17.4% during the first quarter, Holdings Channel.com reports. The firm owned 62,184 shares of the company’s stock after selling 13,127 shares during the period. Faithward Advisors LLC’s holdings in Affirm were worth $3,072,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. grew its holdings in shares of Affirm by 111.3% in the third quarter. Assetmark Inc. now owns 338 shares of the company’s stock worth $25,000 after purchasing an additional 178 shares during the last quarter. Greenline Wealth Management LLC bought a new stake in Affirm during the 4th quarter valued at $26,000. Triumph Capital Management purchased a new stake in Affirm during the 3rd quarter valued at $31,000. CoreCap Advisors LLC boosted its position 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 buying an additional 358 shares during the period. Finally, Strive Financial Group LLC bought a new stake in Affirm in the 4th quarter worth $33,000. Institutional investors own 69.29% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on AFRM. Truist Financial upped their price objective on shares of Affirm from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Cantor Fitzgerald raised their target price on Affirm from $61.00 to $80.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 21st. Royal Bank Of Canada boosted their price target on Affirm from $77.00 to $80.00 and gave the company a “sector perform” rating in a report on Friday, May 8th. JPMorgan Chase & Co. upped their price target on Affirm from $79.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Finally, The Goldman Sachs Group cut Affirm from a “buy” rating to a “hold” rating in a report on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $86.20.

Affirm Stock Down 0.5%

AFRM stock opened at $71.83 on Wednesday. Affirm Holdings, Inc. has a fifty-two week low of $42.10 and a fifty-two week high of $100.00. The business’s 50 day moving average price is $66.49 and its two-hundred day moving average price is $62.53. 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 company has a market capitalization of $24.06 billion, a price-to-earnings ratio of 65.30, a price-to-earnings-growth ratio of 4.16 and a beta of 3.70.

Affirm (NASDAQ:AFRM) last released its earnings results on Thursday, May 7th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.13. Affirm had a return on equity of 11.17% and a net margin of 9.63%.The company had revenue of $943.95 million during the quarter, compared to analysts’ expectations of $995.27 million. During the same quarter last year, the business posted $0.01 EPS. The firm’s revenue for the quarter was up 32.7% compared to the same quarter last year. As a group, analysts forecast that Affirm Holdings, Inc. will post 1.25 earnings per share for the current fiscal year.

Insider Transactions at Affirm

In other Affirm news, Director Noel Bertram Watson sold 2,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $65.00, for a total transaction of $130,000.00. Following the completion of the transaction, the director owned 36,076 shares of the company’s stock, valued at approximately $2,344,940. This trade represents a 5.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 11.01% of the company’s stock.

Affirm Company Profile

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.