Affirm Holdings, Inc. (NASDAQ:AFRM) Stake Lifted by Integris Wealth Management LLC

Integris Wealth Management LLC increased its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 43.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,681 shares of the company's stock after buying an additional 5,371 shares during the quarter. Integris Wealth Management LLC's holdings in Affirm were worth $799,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC grew its stake in shares of Affirm by 29.6% in the fourth quarter. Venturi Wealth Management LLC now owns 1,422 shares of the company's stock worth $87,000 after purchasing an additional 325 shares in the last quarter. Prestige Wealth Management Group LLC grew its stake in shares of 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 in the last quarter. GAMMA Investing LLC grew its stake in shares of Affirm by 10.0% in the first quarter. GAMMA Investing LLC now owns 4,596 shares of the company's stock worth $208,000 after purchasing an additional 419 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Affirm by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 7,942 shares of the company's stock worth $484,000 after purchasing an additional 422 shares in the last quarter. Finally, Itau Unibanco Holding S.A. bought a new position in shares of Affirm in the fourth quarter worth $28,000. 69.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AFRM. The Goldman Sachs Group increased their price target on Affirm from $45.00 to $58.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Bank of America increased their price target on Affirm from $76.00 to $80.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. TD Cowen started coverage on Affirm in a research note on Tuesday, April 8th. They set a "buy" rating and a $50.00 target price for the company. Seaport Res Ptn raised Affirm to a "hold" rating in a research note on Monday, March 24th. Finally, Evercore ISI started coverage on Affirm in a research note on Wednesday, April 9th. They set an "outperform" rating and a $50.00 target price for the company. Nine analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Affirm presently has an average rating of "Moderate Buy" and a consensus target price of $65.05.

Affirm Stock Up 0.2%

Shares of Affirm stock opened at $62.19 on Tuesday. The stock has a 50-day moving average price of $52.47 and a 200 day moving average price of $56.35. The company has a market cap of $20.06 billion, a P/E ratio of -296.14, a P/E/G ratio of 127.78 and a beta of 3.58. The company has a current ratio of 11.47, a quick ratio of 11.47 and a debt-to-equity ratio of 2.55. Affirm Holdings, Inc. has a 1 year low of $22.25 and a 1 year 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 for the quarter, topping the consensus estimate of ($0.09) by $0.10. Affirm had a negative return on equity of 2.22% and a negative net margin of 2.07%. The company had revenue of $783.14 million for the quarter, compared to analyst estimates of $782.98 million. During the same period in the prior year, the firm posted ($0.43) EPS. The business's revenue was up 35.9% compared to the same quarter last year. As a group, analysts expect that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Insider Activity

In other news, Director Noel Bertram Watson sold 2,500 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $60.86, for a total transaction of $152,150.00. Following the transaction, the director now owns 36,497 shares of the company's stock, valued at approximately $2,221,207.42. This represents a 6.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Keith Rabois sold 16,089 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $51.00, for a total value of $820,539.00. Following the transaction, the director now directly owns 29,343 shares in the company, valued at approximately $1,496,493. This represents a 35.41% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,677 shares of company stock valued at $1,703,245. Insiders own 11.82% of the company's stock.

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.

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