Diversify Advisory Services LLC Buys 9,364 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Diversify Advisory Services LLC boosted its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 8.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 116,743 shares of the company’s stock after buying an additional 9,364 shares during the quarter. Diversify Advisory Services LLC’s holdings in Affirm were worth $7,110,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. ORG Wealth Partners LLC acquired a new stake in Affirm during the 3rd quarter worth about $29,000. Advisors Asset Management Inc. grew its stake in Affirm by 168.2% during the third quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after purchasing an additional 671 shares during the period. Venturi Wealth Management LLC increased its holdings in Affirm by 200.5% in the third quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock worth $45,000 after purchasing an additional 732 shares in the last quarter. Hanseatic Management Services Inc. acquired a new position in Affirm in the third quarter valued at approximately $65,000. Finally, Brooklyn Investment Group bought a new position in shares of Affirm during the 3rd quarter worth approximately $78,000. Institutional investors own 69.29% of the company’s stock.

Insider Transactions at Affirm

In related news, CFO Robert O’hare sold 100,938 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $55.00, for a total transaction of $5,551,590.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Keith Rabois sold 16,086 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $62.32, for a total transaction of $1,002,479.52. Following the completion of the sale, the director now directly owns 93,694 shares of the company’s stock, valued at approximately $5,839,010.08. The trade was a 14.65 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,323,478 shares of company stock worth $86,285,371. 12.41% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Susquehanna lifted their price objective on shares of Affirm from $52.00 to $57.00 and gave the company a “positive” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. upped their price objective on shares of Affirm from $56.00 to $74.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. Morgan Stanley upgraded Affirm from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $22.00 to $37.00 in a research note on Wednesday, October 9th. Jefferies Financial Group upgraded Affirm from a “hold” rating to a “buy” rating and increased their price target for the stock from $70.00 to $82.00 in a report on Thursday, December 19th. Finally, The Goldman Sachs Group boosted their price objective on Affirm from $57.00 to $78.00 and gave the company a “buy” rating in a report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Affirm currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.88.

Affirm Stock Down 0.0 %

Shares of AFRM stock opened at $57.99 on Monday. The company has a debt-to-equity ratio of 2.50, a current ratio of 12.60 and a quick ratio of 12.60. The company’s fifty day moving average price is $64.00 and its 200-day moving average price is $46.29. The company has a market capitalization of $18.21 billion, a price-to-earnings ratio of -40.84 and a beta of 3.67. Affirm Holdings, Inc. has a one year low of $22.25 and a one year high of $73.34.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.05. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. The company had revenue of $698.48 million during the quarter, compared to analyst estimates of $661.39 million. During the same period in the prior year, the company earned ($0.57) earnings per share. Sell-side analysts expect that Affirm Holdings, Inc. will post -0.53 EPS for the current fiscal year.

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.