Affirm Holdings, Inc. $AFRM Shares Acquired by Mount Vernon Associates Inc. MD

Mount Vernon Associates Inc. MD raised its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 21.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 51,825 shares of the company’s stock after purchasing an additional 9,250 shares during the period. Affirm accounts for approximately 2.4% of Mount Vernon Associates Inc. MD’s investment portfolio, making the stock its 12th biggest holding. Mount Vernon Associates Inc. MD’s holdings in Affirm were worth $3,588,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in AFRM. Syntegra Private Wealth Group LLC purchased a new stake in Affirm during the 1st quarter worth approximately $28,000. Reyes Financial Architecture Inc. purchased a new position in shares of Affirm in the third quarter worth $31,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Affirm in the first quarter worth $34,000. Ascentis Independent Advisors purchased a new position in shares of Affirm in the first quarter worth $41,000. Finally, Mather Group LLC. raised its holdings in shares of Affirm by 52.9% during the third quarter. Mather Group LLC. now owns 613 shares of the company’s stock worth $42,000 after purchasing an additional 212 shares during the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AFRM shares. Citizens Jmp reaffirmed a “market outperform” rating and issued a $85.00 price target on shares of Affirm in a report on Wednesday, September 16th. Truist Financial lifted their price objective on Affirm from $85.00 to $88.00 and gave the company a “buy” rating in a research note on Friday, October 23rd. Susquehanna boosted their price objective on Affirm from $105.00 to $110.00 and gave the company a “positive” rating in a report on Friday, August 28th. Cantor Fitzgerald upped their target price on Affirm from $88.00 to $97.00 and gave the stock an “overweight” rating in a research note on Monday, August 31st. Finally, TD Cowen lowered their target price on Affirm from $124.00 to $110.00 and set a “buy” rating on the stock in a research note on Tuesday, October 6th. Twenty-five investment 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, Affirm presently has a consensus rating of “Moderate Buy” and an average price target of $97.41.

Affirm Stock Performance

Shares of NASDAQ AFRM opened at $72.68 on Wednesday. The company’s fifty day moving average price is $73.17 and its 200 day moving average price is $66.68. Affirm Holdings, Inc. has a 1 year low of $42.10 and a 1 year high of $90.44. The company has a market capitalization of $24.52 billion, a PE ratio of 13.17 and a beta of 3.82.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, August 27th. The company reported $4.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $4.27. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.11 billion. The firm’s quarterly revenue was up 33.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.20 EPS. On average, equities analysts expect that Affirm Holdings, Inc. will post 1.91 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Robert O’Hare sold 65,591 shares of the business’s stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $80.02, for a total transaction of $5,248,591.82. Following the completion of the sale, the chief financial officer owned 2,734 shares of the company’s stock, valued at $218,774.68. The trade was a 96.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Siphelele Jiyane sold 26,980 shares of Affirm stock in a transaction that occurred on Monday, September 14th. The stock was 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 directly owned 188,711 shares in the company, valued at $13,623,047.09. This represents a 12.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 280,118 shares of company stock valued at $22,223,307 over the last quarter. Insiders own 11.01% of the company’s stock.

Affirm 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.