Omega Financial Group LLC Increases Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Omega Financial Group LLC boosted its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 103,027 shares of the company’s stock after purchasing an additional 4,871 shares during the quarter. Affirm makes up 2.4% of Omega Financial Group LLC’s holdings, making the stock its 17th largest position. Omega Financial Group LLC’s holdings in Affirm were worth $6,274,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AFRM. Mount Vernon Associates Inc. MD lifted its position in shares of Affirm by 45.0% during the 4th quarter. Mount Vernon Associates Inc. MD now owns 11,600 shares of the company’s stock valued at $706,000 after buying an additional 3,600 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new position in Affirm during the fourth quarter valued at $387,000. Diversified Trust Co acquired a new stake in shares of Affirm in the fourth quarter valued at about $225,000. Silverleafe Capital Partners LLC purchased a new stake in shares of Affirm during the fourth quarter worth about $390,000. Finally, Nordea Investment Management AB acquired a new position in shares of Affirm during the 4th quarter worth about $6,380,000. 69.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on AFRM. Susquehanna lifted their price objective on Affirm from $52.00 to $57.00 and gave the stock a “positive” rating in a report on Friday, November 8th. JPMorgan Chase & Co. lifted their price target on Affirm from $56.00 to $74.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Wells Fargo & Company increased their price objective on Affirm from $55.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday. Wedbush raised shares of Affirm from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $25.00 to $45.00 in a report on Monday, October 14th. Finally, The Goldman Sachs Group increased their target price on shares of Affirm from $57.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $61.88.

Affirm Trading Down 0.4 %

Shares of Affirm stock opened at $58.00 on Friday. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $73.34. The company has a debt-to-equity ratio of 2.50, a quick ratio of 12.60 and a current ratio of 12.60. The firm has a market capitalization of $18.22 billion, a price-to-earnings ratio of -40.84 and a beta of 3.67. The stock has a 50 day moving average of $63.58 and a 200 day moving average of $45.77.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping 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 firm had revenue of $698.48 million during the quarter, compared to the consensus estimate of $661.39 million. During the same period last year, the company earned ($0.57) EPS. As a group, research analysts predict that Affirm Holdings, Inc. will post -0.53 earnings per share for the current year.

Insider Activity

In related news, CFO Robert O’hare sold 100,938 shares of Affirm stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $55.00, for a total value of $5,551,590.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Noel Bertram Watson sold 2,500 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $72.05, for a total value of $180,125.00. Following the transaction, the director now owns 41,497 shares in the company, valued at $2,989,858.85. This trade represents a 5.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,323,478 shares of company stock valued at $86,285,371. Company insiders own 12.41% of the company’s stock.

About Affirm

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.