Affirm Holdings, Inc. $AFRM Shares Bought by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC grew its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 33.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 257,022 shares of the company’s stock after purchasing an additional 64,444 shares during the period. Affirm makes up approximately 2.9% of Integrated Investment Consultants LLC’s investment portfolio, making the stock its 5th largest holding. Integrated Investment Consultants LLC owned 0.08% of Affirm worth $18,783,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Affirm in the 3rd quarter valued at about $131,000. NewEdge Advisors LLC raised its position in shares of Affirm by 24.8% during the 3rd quarter. NewEdge Advisors LLC now owns 34,222 shares of the company’s stock worth $2,501,000 after buying an additional 6,804 shares in the last quarter. Armistice Capital LLC acquired a new stake in shares of Affirm in the 3rd quarter worth approximately $1,282,000. Caxton Associates LLP acquired a new stake in shares of Affirm in the 3rd quarter worth approximately $2,038,000. Finally, Williamson Legacy Group LLC bought a new position in shares of Affirm in the third quarter valued at approximately $789,000. 69.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Max R. Levchin sold 666,666 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $80.62, for a total transaction of $53,746,612.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Robert O’hare sold 36,401 shares of the company’s stock in a transaction on Monday, January 5th. The shares were sold at an average price of $80.00, for a total value of $2,912,080.00. Following the sale, the chief financial officer directly owned 1,368 shares of the company’s stock, valued at approximately $109,440. This represents a 96.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 11.01% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AFRM. TD Cowen reissued a “buy” rating on shares of Affirm in a report on Friday, February 6th. Cantor Fitzgerald reiterated an “overweight” rating and set a $85.00 price target on shares of Affirm in a research report on Monday, February 9th. Wolfe Research assumed coverage on Affirm in a research note on Tuesday, December 9th. They issued a “peer perform” rating on the stock. Citigroup restated a “market outperform” rating on shares of Affirm in a report on Tuesday, February 24th. Finally, Needham & Company LLC decreased their target price on Affirm from $100.00 to $85.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Twenty research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.36.

Affirm Trading Down 0.3%

Shares of NASDAQ:AFRM opened at $47.56 on Wednesday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 11.41 and a current ratio of 11.41. The stock has a market capitalization of $15.84 billion, a price-to-earnings ratio of 58.72, a PEG ratio of 1.75 and a beta of 3.61. Affirm Holdings, Inc. has a 1-year low of $30.90 and a 1-year high of $100.00. The company has a 50 day moving average price of $59.35 and a 200 day moving average price of $69.69.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.09. Affirm had a return on equity of 8.83% and a net margin of 7.60%.The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the company earned $0.23 earnings per share. The firm’s revenue was up 29.6% on a year-over-year basis. On average, research analysts anticipate that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Affirm Profile

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.