8,990 Shares in Affirm Holdings, Inc. (NASDAQ:AFRM) Acquired by Precision Wealth Strategies LLC

Precision Wealth Strategies LLC acquired a new position in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 8,990 shares of the company's stock, valued at approximately $406,000.

Other large investors also recently bought and sold shares of the company. Itau Unibanco Holding S.A. purchased a new position in Affirm in the fourth quarter worth $28,000. Coppell Advisory Solutions LLC purchased a new position in Affirm in the fourth quarter worth $40,000. Strategic Investment Solutions Inc. IL purchased a new position in Affirm in the fourth quarter worth $43,000. Creative Financial Designs Inc. ADV grew its holdings in Affirm by 640.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 740 shares of the company's stock worth $45,000 after purchasing an additional 640 shares during the last quarter. Finally, Prestige Wealth Management Group LLC grew its holdings in Affirm by 78.1% in the fourth quarter. Prestige Wealth Management Group LLC now owns 757 shares of the company's stock worth $46,000 after purchasing an additional 332 shares during the last quarter. Institutional investors own 69.29% of the company's stock.

Insiders Place Their Bets

In other Affirm news, Director Keith Rabois sold 16,089 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 29,343 shares of the company's stock, valued at $1,496,493. This represents a 35.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 11.82% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on AFRM shares. JMP Securities cut their price target on shares of Affirm from $85.00 to $75.00 and set a "market outperform" rating on the stock in a report on Friday, May 9th. Wall Street Zen lowered shares of Affirm from a "buy" rating to a "hold" rating in a report on Friday, June 6th. Morgan Stanley dropped their price objective on shares of Affirm from $65.00 to $60.00 and set an "equal weight" rating on the stock in a report on Tuesday, May 6th. UBS Group dropped their price objective on shares of Affirm from $62.00 to $56.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. Finally, Compass Point raised shares of Affirm from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $61.00 to $64.00 in a report on Wednesday, March 19th. Nine research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $65.05.

Affirm Trading Down 3.2%

Shares of Affirm stock opened at $59.11 on Monday. The firm has a 50-day simple moving average of $50.05 and a two-hundred day simple moving average of $56.72. The company has a market cap of $19.07 billion, a P/E ratio of -90.94 and a beta of 3.58. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $82.53. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26.

Affirm (NASDAQ:AFRM - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.09) by $0.10. The business had revenue of $783.14 million during the quarter, compared to the consensus estimate of $782.98 million. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. The company's revenue was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.43) earnings per share. As a group, equities analysts predict that Affirm Holdings, Inc. will post -0.18 earnings per share 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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