Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Bought by Algert Global LLC

Algert Global LLC lifted its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 13.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 178,677 shares of the company's stock after purchasing an additional 21,738 shares during the period. Algert Global LLC owned 0.06% of Affirm worth $10,881,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AFRM. Itau Unibanco Holding S.A. acquired a new stake in Affirm during the fourth quarter worth about $28,000. Geneos Wealth Management Inc. raised its position in shares of Affirm by 356.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 525 shares of the company's stock worth $32,000 after acquiring an additional 410 shares during the last quarter. R Squared Ltd bought a new stake in Affirm during the fourth quarter valued at $33,000. Coppell Advisory Solutions LLC bought a new stake in shares of Affirm in the 4th quarter valued at $40,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Affirm in the 4th quarter valued at about $43,000. Institutional investors own 69.29% of the company's stock.

Affirm Stock Performance

Shares of AFRM traded up $0.54 during trading hours on Wednesday, hitting $51.54. The company had a trading volume of 5,364,085 shares, compared to its average volume of 8,372,428. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68. The firm has a market cap of $16.39 billion, a price-to-earnings ratio of -79.29 and a beta of 3.66. The business has a fifty day moving average of $47.03 and a 200-day moving average of $56.55. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $82.53.

Affirm (NASDAQ:AFRM - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.44. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. Equities analysts anticipate that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Insider Transactions at Affirm

In related news, Director Noel Bertram Watson sold 2,500 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $45.78, for a total transaction of $114,450.00. Following the completion of the sale, the director now owns 38,997 shares in the company, valued at approximately $1,785,282.66. This trade represents a 6.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Keith Rabois sold 16,089 shares of Affirm stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $51.00, for a total transaction of $820,539.00. Following the transaction, the director now directly owns 29,343 shares of the company's stock, valued at $1,496,493. The trade was a 35.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,765 shares of company stock worth $3,094,694. 12.41% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AFRM. Needham & Company LLC reissued a "hold" rating on shares of Affirm in a research note on Friday, February 7th. Evercore ISI initiated coverage on shares of Affirm in a report on Wednesday, April 9th. They set an "outperform" rating and a $50.00 price objective on the stock. Royal Bank of Canada raised their target price on Affirm from $67.00 to $81.00 and gave the stock a "sector perform" rating in a research note on Friday, February 7th. Compass Point upgraded Affirm from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $61.00 to $64.00 in a research report on Wednesday, March 19th. Finally, William Blair started coverage on Affirm in a research note on Wednesday, January 15th. They issued an "outperform" rating on the stock. Eight equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $67.00.

Affirm 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.