Waldron Private Wealth LLC purchased a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM – Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,403 shares of the company’s stock, valued at approximately $265,000.
Several other institutional investors also recently modified their holdings of the stock. Raymond James & Associates increased its holdings in Affirm by 8.8% in the first quarter. Raymond James & Associates now owns 49,667 shares of the company’s stock valued at $2,299,000 after purchasing an additional 4,005 shares during the period. Bank of New York Mellon Corp increased its holdings in Affirm by 2.4% in the first quarter. Bank of New York Mellon Corp now owns 633,650 shares of the company’s stock valued at $29,324,000 after purchasing an additional 14,841 shares during the period. HighTower Advisors LLC increased its holdings in Affirm by 21.5% in the first quarter. HighTower Advisors LLC now owns 35,644 shares of the company’s stock valued at $1,650,000 after purchasing an additional 6,304 shares during the period. Cetera Advisor Networks LLC increased its holdings in Affirm by 159.6% in the first quarter. Cetera Advisor Networks LLC now owns 9,354 shares of the company’s stock valued at $433,000 after purchasing an additional 5,751 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in Affirm by 48.3% in the first quarter. PNC Financial Services Group Inc. now owns 9,533 shares of the company’s stock valued at $441,000 after purchasing an additional 3,103 shares during the period. 69.29% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, Director Keith Rabois sold 9,276 shares of Affirm stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $34.39, for a total value of $319,001.64. Following the transaction, the director now owns 78,552 shares in the company, valued at approximately $2,701,403.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 13.05% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Get Our Latest Analysis on Affirm
Affirm Stock Down 0.5 %
Shares of NASDAQ:AFRM opened at $30.92 on Wednesday. The firm has a fifty day moving average price of $37.00 and a two-hundred day moving average price of $34.48. The company has a debt-to-equity ratio of 2.35, a current ratio of 11.49 and a quick ratio of 11.49. Affirm Holdings, Inc. has a one year low of $8.80 and a one year high of $52.48. The company has a market cap of $9.49 billion, a price-to-earnings ratio of -12.42 and a beta of 3.58.
Affirm (NASDAQ:AFRM – Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.08. Affirm had a negative net margin of 39.19% and a negative return on equity of 25.10%. The company had revenue of $591.11 million during the quarter, compared to the consensus estimate of $523.92 million. Analysts anticipate that Affirm Holdings, Inc. will post -2.45 EPS for the current fiscal year.
Affirm Company 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.
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