8,310 Shares in Affirm Holdings, Inc. $AFRM Acquired by WESPAC Advisors LLC

WESPAC Advisors LLC bought a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 8,310 shares of the company’s stock, valued at approximately $575,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Syntegra Private Wealth Group LLC bought a new position in Affirm during the first quarter valued at $28,000. Reyes Financial Architecture Inc. purchased a new position in shares of Affirm in the 3rd quarter worth $31,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Affirm in the 1st quarter worth $34,000. Ascentis Independent Advisors purchased a new position in shares of Affirm in the 1st quarter worth $41,000. Finally, Mather Group LLC. increased its holdings in shares of Affirm by 52.9% in the 3rd quarter. Mather Group LLC. now owns 613 shares of the company’s stock worth $42,000 after buying an additional 212 shares during the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Affirm news, CAO Siphelele Jiyane sold 26,980 shares of the firm’s stock in a transaction dated Monday, September 14th. The shares were 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. This trade represents a 12.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert O’Hare sold 65,591 shares of the business’s stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $80.02, for a total value of $5,248,591.82. Following the transaction, the chief financial officer owned 2,734 shares of the company’s stock, valued at $218,774.68. This trade represents a 96.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 280,118 shares of company stock valued at $22,223,307. Company insiders own 11.01% of the company’s stock.

Affirm Trading Down 0.8%

AFRM stock opened at $69.49 on Tuesday. The company has a quick ratio of 11.80, a current ratio of 11.80 and a debt-to-equity ratio of 1.82. Affirm Holdings, Inc. has a twelve month low of $42.10 and a twelve month high of $90.44. The stock has a market capitalization of $23.45 billion, a price-to-earnings ratio of 12.59, a price-to-earnings-growth ratio of 2.81 and a beta of 3.82. The firm’s fifty day simple moving average is $73.20 and its two-hundred day simple moving average is $66.73.

Affirm (NASDAQ:AFRM) last announced its earnings results on Thursday, August 27th. The company reported $4.62 earnings per share for the quarter, beating the consensus estimate of $0.35 by $4.27. Affirm had a net margin of 45.29% and a return on equity of 47.91%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the firm posted $0.20 earnings per share. The business’s revenue for the quarter was up 33.1% on a year-over-year basis. As a group, analysts anticipate that Affirm Holdings, Inc. will post 1.91 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on AFRM shares. Oppenheimer upped their target price on shares of Affirm from $100.00 to $104.00 and gave the company an “outperform” rating in a research report on Friday, August 28th. Morgan Stanley dropped their price target on Affirm from $82.00 to $79.00 and set an “equal weight” rating for the company in a research report on Monday. UBS Group lifted their price target on Affirm from $82.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, August 28th. Citizens Jmp reissued a “market outperform” rating and set a $85.00 price objective on shares of Affirm in a research note on Wednesday, September 16th. Finally, Scotiabank assumed coverage on Affirm in a research report on Wednesday, September 2nd. They set a “sector outperform” rating and a $95.00 price objective on the stock. Twenty-five equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.