First Trust Advisors LP Purchases 126,499 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

First Trust Advisors LP lifted its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 190.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 193,071 shares of the company’s stock after acquiring an additional 126,499 shares during the quarter. First Trust Advisors LP owned approximately 0.06% of Affirm worth $11,758,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in AFRM. Nordea Investment Management AB bought a new stake in Affirm during the 4th quarter worth about $6,380,000. Integris Wealth Management LLC bought a new stake in shares of Affirm during the fourth quarter worth approximately $750,000. Truist Financial Corp acquired a new position in Affirm in the fourth quarter valued at approximately $212,000. Essex Financial Services Inc. bought a new position in Affirm in the fourth quarter valued at approximately $244,000. Finally, Tidal Investments LLC grew its holdings in Affirm by 208.6% during the 3rd quarter. Tidal Investments LLC now owns 21,775 shares of the company’s stock worth $889,000 after acquiring an additional 14,720 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Trading Up 1.8 %

Affirm stock opened at $49.09 on Monday. The stock has a 50-day simple moving average of $49.47 and a 200 day simple moving average of $56.42. The stock has a market capitalization of $15.61 billion, a P/E ratio of -75.52 and a beta of 3.68. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $82.53.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.44. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. Analysts expect that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Insider Activity at Affirm

In related news, Director Christa S. Quarles sold 5,000 shares of the firm’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $80.00, for a total transaction of $400,000.00. Following the transaction, the director now directly owns 137,325 shares of the company’s stock, valued at approximately $10,986,000. This trade represents a 3.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Keith Rabois sold 16,086 shares of Affirm stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $60.12, for a total transaction of $967,090.32. Following the completion of the sale, the director now owns 77,608 shares of the company’s stock, valued at approximately $4,665,792.96. The trade was a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,762 shares of company stock worth $3,241,246. Insiders own 12.41% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on AFRM. William Blair assumed coverage on Affirm in a research report on Wednesday, January 15th. They issued an “outperform” rating on the stock. Barclays raised their target price on Affirm from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Wells Fargo & Company cut their price target on shares of Affirm from $85.00 to $67.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 9th. The Goldman Sachs Group decreased their price objective on shares of Affirm from $90.00 to $56.00 and set a “buy” rating for the company in a report on Tuesday, March 18th. Finally, Compass Point upgraded shares of Affirm from a “neutral” rating to a “buy” rating and increased their target price for the stock from $61.00 to $64.00 in a report on Wednesday, March 19th. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $66.74.

Affirm 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.