Blair William & Co. IL Purchases 16,030 Shares of Affirm Holdings, Inc. $AFRM

Blair William & Co. IL grew its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 5.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 320,989 shares of the company’s stock after buying an additional 16,030 shares during the quarter. Blair William & Co. IL’s holdings in Affirm were worth $23,458,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. First Trust Advisors LP boosted its holdings in shares of Affirm by 201.9% during the third quarter. First Trust Advisors LP now owns 578,181 shares of the company’s stock worth $42,253,000 after purchasing an additional 386,656 shares during the period. Neo Ivy Capital Management purchased a new position in Affirm during the 3rd quarter valued at about $3,131,000. Intellectus Partners LLC bought a new position in Affirm during the 3rd quarter valued at approximately $311,000. Orion Porfolio Solutions LLC lifted its holdings in Affirm by 10.8% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 9,584 shares of the company’s stock worth $700,000 after buying an additional 935 shares during the period. Finally, Cresset Asset Management LLC grew its position in shares of Affirm by 6.8% in the 3rd quarter. Cresset Asset Management LLC now owns 17,461 shares of the company’s stock worth $1,276,000 after buying an additional 1,111 shares during the last quarter. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Affirm Trading Down 1.5%

NASDAQ AFRM opened at $51.70 on Friday. The firm has a market capitalization of $17.22 billion, a PE ratio of 63.83, a P/E/G ratio of 1.90 and a beta of 3.61. The stock’s 50 day moving average is $63.30 and its 200 day moving average is $71.22. Affirm Holdings, Inc. has a twelve month low of $30.90 and a twelve month high of $100.00. The company has a quick ratio of 11.41, a current ratio of 11.41 and a debt-to-equity ratio of 2.58.

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

Insider Transactions at Affirm

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AFRM shares. BTIG Research reissued a “neutral” rating on shares of Affirm in a research note on Thursday, February 26th. Morgan Stanley reiterated an “overweight” rating on shares of Affirm in a report on Wednesday. Weiss Ratings reissued a “hold (c-)” rating on shares of Affirm in a research report on Monday, December 29th. Needham & Company LLC decreased their price objective on shares of Affirm from $100.00 to $85.00 and set a “buy” rating for the company in a report on Friday, February 6th. Finally, Royal Bank Of Canada dropped their target price on shares of Affirm from $87.00 to $77.00 and set a “sector perform” rating for the company in a research report on Friday, February 6th. Twenty research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.36.

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.