Waldron Private Wealth LLC Invests $265,000 in Affirm Holdings, Inc. (NASDAQ:AFRM)

Waldron Private Wealth LLC purchased a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) 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

A number of analysts have commented on AFRM shares. BMO Capital Markets upped their price target on shares of Affirm from $44.00 to $47.00 and gave the company a “market perform” rating in a research report on Monday, February 12th. Needham & Company LLC started coverage on shares of Affirm in a research report on Wednesday, April 3rd. They set a “hold” rating on the stock. The Goldman Sachs Group upped their price target on shares of Affirm from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, February 9th. Stephens upped their price target on shares of Affirm from $6.00 to $16.00 and gave the company an “underweight” rating in a research report on Friday, February 9th. Finally, Barclays cut their price target on shares of Affirm from $50.00 to $41.00 and set an “overweight” rating on the stock in a research report on Tuesday. Six equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Affirm has a consensus rating of “Hold” and an average target price of $27.86.

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) 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.