22,571 Shares in Affirm Holdings, Inc. $AFRM Acquired by Nicholas Hoffman & Company LLC.

Nicholas Hoffman & Company LLC. bought a new position in Affirm Holdings, Inc. (NASDAQ:AFRM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 22,571 shares of the company’s stock, valued at approximately $1,680,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its position in shares of Affirm by 2.1% during the 1st quarter. Royal Bank of Canada now owns 193,601 shares of the company’s stock valued at $8,748,000 after acquiring an additional 3,892 shares during the period. Empowered Funds LLC grew its position in shares of Affirm by 90.7% during the 1st quarter. Empowered Funds LLC now owns 16,852 shares of the company’s stock valued at $762,000 after acquiring an additional 8,014 shares during the period. Focus Partners Wealth bought a new stake in shares of Affirm during the 1st quarter valued at $243,000. EverSource Wealth Advisors LLC grew its position in shares of Affirm by 18.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,738 shares of the company’s stock valued at $189,000 after acquiring an additional 427 shares during the period. Finally, First Trust Advisors LP grew its position in shares of Affirm by 44.8% during the 2nd quarter. First Trust Advisors LP now owns 191,525 shares of the company’s stock valued at $13,242,000 after acquiring an additional 59,297 shares during the period. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Citigroup reissued a “buy” rating on shares of Affirm in a research report on Wednesday, April 15th. JPMorgan Chase & Co. cut their price objective on shares of Affirm from $94.00 to $79.00 and set an “overweight” rating for the company in a research report on Friday, February 6th. Stephens cut their price objective on shares of Affirm from $75.00 to $65.00 and set an “equal weight” rating for the company in a research report on Friday, February 6th. Compass Point reissued a “buy” rating and set a $68.00 price objective on shares of Affirm in a research report on Wednesday, February 18th. Finally, The Goldman Sachs Group downgraded shares of Affirm from a “buy” rating to a “hold” rating in a research report on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $83.76.

Insider Buying and Selling at Affirm

In related news, Director Noel Bertram Watson sold 2,000 shares of the company’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $55.00, for a total transaction of $110,000.00. Following the transaction, the director directly owned 38,076 shares in the company, valued at approximately $2,094,180. This represents a 4.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.01% of the stock is currently owned by company insiders.

Affirm Stock Down 0.7%

Shares of AFRM stock opened at $67.08 on Tuesday. The stock has a market cap of $22.35 billion, a P/E ratio of 82.81, a PEG ratio of 4.72 and a beta of 3.72. Affirm Holdings, Inc. has a 52 week low of $42.10 and a 52 week 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. The company’s fifty day simple moving average is $51.59 and its two-hundred day simple moving average is $63.23.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, February 5th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.09. Affirm had a net margin of 7.60% and a return on equity of 8.83%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the firm posted $0.23 EPS. The business’s quarterly revenue was up 29.6% on a year-over-year basis. Analysts predict that Affirm Holdings, Inc. will post 1.08 EPS for the current fiscal year.

Affirm Company 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.