Diversify Advisory Services LLC Increases Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Diversify Advisory Services LLC grew its position in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 91.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 223,094 shares of the company's stock after purchasing an additional 106,351 shares during the quarter. Affirm comprises approximately 0.6% of Diversify Advisory Services LLC's investment portfolio, making the stock its 25th biggest position. Diversify Advisory Services LLC owned about 0.07% of Affirm worth $10,082,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new stake in Affirm during the fourth quarter worth approximately $28,000. Allworth Financial LP grew its position in Affirm by 63.7% during the first quarter. Allworth Financial LP now owns 563 shares of the company's stock worth $27,000 after buying an additional 219 shares in the last quarter. Coppell Advisory Solutions LLC acquired a new stake in Affirm during the fourth quarter worth approximately $40,000. Strategic Investment Solutions Inc. IL acquired a new stake in Affirm during the fourth quarter worth approximately $43,000. Finally, Creative Financial Designs Inc. ADV grew its position in Affirm by 640.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 740 shares of the company's stock worth $45,000 after buying an additional 640 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AFRM. Citigroup restated an "overweight" rating on shares of Affirm in a research note on Monday, June 30th. The Goldman Sachs Group upped their target price on Affirm from $45.00 to $58.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Morgan Stanley dropped their price target on Affirm from $65.00 to $60.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 6th. Evercore ISI started coverage on Affirm in a research note on Wednesday, April 9th. They issued an "outperform" rating and a $50.00 price target for the company. Finally, Seaport Res Ptn upgraded Affirm to a "hold" rating in a research note on Monday, March 24th. Nine equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $66.71.

Affirm Stock Down 0.8%

AFRM stock traded down $0.57 during mid-day trading on Friday, reaching $68.90. 4,207,993 shares of the company traded hands, compared to its average volume of 8,321,846. The stock has a market cap of $22.23 billion, a price-to-earnings ratio of -328.10, a P/E/G ratio of 2.41 and a beta of 3.63. The company has a quick ratio of 11.47, a current ratio of 11.47 and a debt-to-equity ratio of 2.55. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $82.53. The firm's 50 day moving average price is $60.17 and its 200 day moving average price is $56.64.

Affirm (NASDAQ:AFRM - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.10. Affirm had a negative net margin of 2.07% and a negative return on equity of 2.22%. The firm had revenue of $783.14 million for the quarter, compared to analysts' expectations of $782.98 million. During the same quarter last year, the firm earned ($0.43) EPS. The company's quarterly revenue was up 35.9% compared to the same quarter last year. As a group, equities research analysts predict that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Katherine Adkins sold 57,102 shares of Affirm stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $70.27, for a total value of $4,012,557.54. Following the completion of the transaction, the insider directly owned 112,467 shares in the company, valued at approximately $7,903,056.09. The trade was a 33.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Keith Rabois sold 16,089 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $51.00, for a total transaction of $820,539.00. Following the transaction, the director owned 29,343 shares of the company's stock, valued at $1,496,493. This trade represents a 35.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 96,247 shares of company stock worth $6,422,823 in the last three months. Insiders own 11.82% of the company's stock.

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.