Summit Trail Advisors LLC Boosts Stock Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

Summit Trail Advisors LLC boosted its position in Affirm Holdings, Inc. (NASDAQ:AFRM) by 57.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,979 shares of the company’s stock after purchasing an additional 3,641 shares during the period. Summit Trail Advisors LLC’s holdings in Affirm were worth $608,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in AFRM. ORG Wealth Partners LLC acquired a new stake in shares of Affirm in the 3rd quarter valued at approximately $29,000. Geneos Wealth Management Inc. raised its position in Affirm by 356.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock worth $32,000 after acquiring an additional 410 shares in the last quarter. R Squared Ltd acquired a new stake in Affirm in the fourth quarter valued at $33,000. Advisors Asset Management Inc. boosted its position in shares of Affirm by 168.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after purchasing an additional 671 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its stake in shares of Affirm by 200.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock worth $45,000 after purchasing an additional 732 shares during the period. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Affirm Stock Performance

NASDAQ:AFRM opened at $78.02 on Wednesday. Affirm Holdings, Inc. has a 1-year low of $22.25 and a 1-year high of $79.67. The firm has a 50 day simple moving average of $63.42 and a 200-day simple moving average of $50.20. The firm has a market cap of $24.50 billion, a PE ratio of -120.03 and a beta of 3.66. The company has a debt-to-equity ratio of 2.50, a current ratio of 12.60 and a quick ratio of 12.60.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.44. Affirm had a negative return on equity of 7.29% and a negative net margin of 7.10%. On average, equities analysts expect that Affirm Holdings, Inc. will post -0.59 EPS for the current year.

Wall Street Analyst Weigh In

AFRM has been the subject of several recent analyst reports. William Blair assumed coverage on shares of Affirm in a research note on Wednesday, January 15th. They issued an “outperform” rating for the company. The Goldman Sachs Group lifted their price target on shares of Affirm from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday. Compass Point upgraded Affirm from a “sell” rating to a “neutral” rating and upped their price target for the stock from $20.00 to $61.00 in a report on Tuesday, January 28th. Susquehanna downgraded Affirm from a “positive” rating to a “neutral” rating and set a $57.00 price objective for the company. in a research note on Tuesday, January 21st. Finally, JPMorgan Chase & Co. boosted their target price on Affirm from $56.00 to $74.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Affirm has a consensus rating of “Moderate Buy” and an average price target of $70.24.

Insider Buying and Selling

In other news, CFO Robert O’hare sold 79,039 shares of Affirm stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $70.01, for a total value of $5,533,520.39. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, President Libor Michalek sold 6,629 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $72.08, for a total transaction of $477,818.32. Following the sale, the president now directly owns 160,601 shares of the company’s stock, valued at approximately $11,576,120.08. This trade represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,038,626 shares of company stock worth $70,690,871. 12.41% of the stock is owned by company insiders.

Affirm Company 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.