14,633 Shares in Affirm Holdings, Inc. $AFRM Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. acquired a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) during the 3rd quarter, Holdings Channel reports. The firm acquired 14,633 shares of the company’s stock, valued at approximately $1,013,000.

Several other institutional investors have also added to or reduced their stakes in the company. WESPAC Advisors LLC bought a new stake in Affirm during the 3rd quarter valued at $575,000. Signaturefd LLC increased its position in shares of Affirm by 3.7% in the third quarter. Signaturefd LLC now owns 7,587 shares of the company’s stock valued at $525,000 after buying an additional 270 shares in the last quarter. BG Investment Services LLC acquired a new stake in Affirm in the 3rd quarter worth about $1,316,000. Citizens Financial Group Inc. RI grew its holdings in shares of Affirm by 24.5% during the third quarter. Citizens Financial Group Inc. RI now owns 3,094 shares of the company’s stock worth $214,000 after buying an additional 608 shares in the last quarter. Finally, Simplicity Wealth LLC increased its holdings in shares of Affirm by 107.4% in the third quarter. Simplicity Wealth LLC now owns 15,134 shares of the company’s stock valued at $1,048,000 after purchasing an additional 7,837 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.

Affirm Stock Performance

NASDAQ:AFRM opened at $73.58 on Tuesday. The company has a debt-to-equity ratio of 1.82, a current ratio of 11.80 and a quick ratio of 11.80. The stock has a market cap of $24.83 billion, a P/E ratio of 13.33, a PEG ratio of 2.98 and a beta of 3.82. Affirm Holdings, Inc. has a 1-year low of $42.10 and a 1-year high of $90.44. The firm has a 50-day moving average of $73.01 and a two-hundred day moving average of $66.58.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, August 27th. The company reported $4.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $4.27. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.11 billion. Affirm had a return on equity of 47.91% and a net margin of 45.29%. The business’s revenue for the quarter was up 33.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.20 EPS. On average, research analysts expect that Affirm Holdings, Inc. will post 1.89 earnings per share for the current fiscal year.

Insider Transactions at Affirm

In other Affirm news, CAO Siphelele Jiyane sold 26,980 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $72.19, for a total value of $1,947,686.20. Following the completion of the sale, the chief accounting officer owned 188,711 shares of the company’s stock, valued at $13,623,047.09. The trade was a 12.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Michael Linford sold 79,219 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $90.01, for a total transaction of $7,130,502.19. Following the transaction, the chief operating officer directly owned 120,713 shares of the company’s stock, valued at $10,865,377.13. The trade was a 39.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 280,118 shares of company stock valued at $22,223,307 in the last three months. 11.01% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on AFRM. UBS Group lifted their price target on shares of Affirm from $82.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, August 28th. TD Cowen reduced their price target on Affirm from $124.00 to $110.00 and set a “buy” rating on the stock in a research report on Tuesday, October 6th. Citigroup reissued a “market outperform” rating on shares of Affirm in a research report on Friday, August 28th. Dbs Bank upgraded shares of Affirm to a “moderate buy” rating in a report on Wednesday, September 30th. Finally, Oppenheimer lifted their target price on Affirm from $100.00 to $104.00 and gave the company an “outperform” rating in a research note on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $97.41.

Affirm Company Profile

Affirm Holdings, Inc (NASDAQ: AFRM) operates a financial technology platform that provides consumers with flexible payment options at the point of sale. Its services allow shoppers to split eligible purchases into scheduled installments, with terms and costs disclosed before a transaction is completed.

Affirm’s platform is available through online and mobile checkout experiences, as well as through the Affirm app. Its product offerings include buy now, pay later financing, the Affirm Card, and savings products.