8,529 Shares in Affirm Holdings, Inc. (NASDAQ:AFRM) Acquired by Wedmont Private Capital

Wedmont Private Capital bought a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 8,529 shares of the company's stock, valued at approximately $385,000.

Other hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its stake in Affirm by 45.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,589 shares of the company's stock valued at $99,000 after acquiring an additional 496 shares in the last quarter. Choreo LLC purchased a new stake in Affirm in the 4th quarter worth about $261,000. Bleakley Financial Group LLC purchased a new stake in shares of Affirm during the fourth quarter worth $210,000. Kingsview Wealth Management LLC acquired a new stake in shares of Affirm during the 4th quarter valued at about $318,000. Finally, Empowered Funds LLC bought a new stake in Affirm in the fourth quarter worth $538,000. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on AFRM. Seaport Res Ptn upgraded shares of Affirm to a "hold" rating in a research note on Monday, March 24th. The Goldman Sachs Group upped their target price on shares of Affirm from $45.00 to $58.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Morgan Stanley reduced their target price on shares of Affirm from $65.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Tuesday, May 6th. Wells Fargo & Company reduced their target price on Affirm from $85.00 to $67.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Finally, Wall Street Zen lowered Affirm from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. Nine analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $65.05.

Affirm Stock Performance

Shares of Affirm stock traded down $2.45 during trading on Thursday, hitting $61.05. 5,130,625 shares of the company's stock were exchanged, compared to its average volume of 8,475,080. The stock has a market capitalization of $19.69 billion, a price-to-earnings ratio of -93.92 and a beta of 3.58. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26. The business has a 50-day simple moving average of $49.59 and a 200-day simple moving average of $56.93. Affirm Holdings, Inc. has a 52-week low of $22.25 and a 52-week high of $82.53.

Affirm (NASDAQ:AFRM - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.10. The company had revenue of $783.14 million during the quarter, compared to analysts' expectations of $782.98 million. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. The firm's quarterly revenue was up 35.9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.43) EPS. On average, research analysts forecast that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Insider Buying and Selling at Affirm

In related news, Director Noel Bertram Watson sold 2,500 shares of Affirm stock in a transaction that occurred on 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 transaction, the director now directly owns 38,997 shares in the company, valued at $1,785,282.66. The trade was a 6.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Keith Rabois sold 16,088 shares of Affirm stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $45.41, for a total transaction of $730,556.08. Following the transaction, the director now directly owns 45,432 shares in the company, valued at approximately $2,063,067.12. This trade represents a 26.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,677 shares of company stock worth $1,665,545 over the last three months. Insiders own 11.82% of the company's stock.

About Affirm

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.