42,143 Shares in Affirm Holdings, Inc. (NASDAQ:AFRM) Purchased by Concentric Capital Strategies LP

Concentric Capital Strategies LP purchased a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 42,143 shares of the company’s stock, valued at approximately $1,720,000.

Several other large investors have also modified their holdings of AFRM. ORG Wealth Partners LLC acquired a new position in Affirm during the third quarter worth approximately $29,000. Ridgewood Investments LLC acquired a new position in shares of Affirm during the second quarter worth about $27,000. Advisors Asset Management Inc. boosted its holdings in Affirm by 168.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after acquiring an additional 671 shares during the period. Venturi Wealth Management LLC boosted its stake in shares of Affirm by 200.5% in the third quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock valued at $45,000 after purchasing an additional 732 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Affirm by 82.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock worth $36,000 after buying an additional 540 shares in the last quarter. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Affirm

In other news, President Libor Michalek sold 100,821 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $68.11, for a total transaction of $6,866,918.31. Following the completion of the transaction, the president now owns 159,449 shares in the company, valued at approximately $10,860,071.39. This represents a 38.74 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert O’hare sold 79,039 shares of Affirm stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $70.01, for a total transaction of $5,533,520.39. The disclosure for this sale can be found here. Over the last three months, insiders have sold 868,253 shares of company stock worth $52,186,668. 12.41% of the stock is owned by insiders.

Analyst Ratings Changes

AFRM has been the subject of several recent analyst reports. Royal Bank of Canada restated a “sector perform” rating and set a $46.00 target price on shares of Affirm in a research note on Friday, October 4th. Bank of America lifted their price objective on Affirm from $50.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. BTIG Research upgraded Affirm from a “neutral” rating to a “buy” rating and set a $68.00 target price for the company in a research note on Tuesday, October 8th. Mizuho lifted their price target on shares of Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $55.33.

Affirm Price Performance

AFRM opened at $68.39 on Tuesday. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50. The company’s 50-day moving average price is $49.29 and its 200 day moving average price is $38.02. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $72.10. The firm has a market cap of $21.48 billion, a price-to-earnings ratio of -48.16 and a beta of 3.47.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share 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 business had revenue of $698.48 million for the quarter, compared to analysts’ expectations of $661.39 million. During the same period in the prior year, the firm earned ($0.57) EPS. As a group, sell-side analysts expect that Affirm Holdings, Inc. will post -0.53 earnings per share for the current year.

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.