Catalyst Private Wealth LLC Lowers Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Catalyst Private Wealth LLC reduced its position in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 10.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 137,851 shares of the company's stock after selling 16,427 shares during the quarter. Affirm comprises about 3.0% of Catalyst Private Wealth LLC's holdings, making the stock its 6th biggest holding. Catalyst Private Wealth LLC's holdings in Affirm were worth $6,229,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Janney Montgomery Scott LLC raised its position in shares of Affirm by 9.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,713 shares of the company's stock worth $713,000 after purchasing an additional 1,015 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Affirm by 356.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 525 shares of the company's stock valued at $32,000 after purchasing an additional 410 shares during the last quarter. Blue Trust Inc. increased its position in shares of Affirm by 299.7% during the 4th quarter. Blue Trust Inc. now owns 3,118 shares of the company's stock valued at $190,000 after purchasing an additional 2,338 shares during the last quarter. KBC Group NV increased its position in shares of Affirm by 53.2% during the 4th quarter. KBC Group NV now owns 9,698 shares of the company's stock valued at $591,000 after purchasing an additional 3,367 shares during the last quarter. Finally, Foundations Investment Advisors LLC bought a new position in shares of Affirm during the 4th quarter valued at approximately $247,000. 69.29% of the stock is owned by hedge funds and other institutional investors.

Affirm Stock Up 1.9%

Affirm stock traded up $1.00 during trading on Monday, reaching $52.90. 4,390,057 shares of the company's stock were exchanged, compared to its average volume of 8,532,859. Affirm Holdings, Inc. has a 52-week low of $22.25 and a 52-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. The firm has a market cap of $17.07 billion, a price-to-earnings ratio of -81.38 and a beta of 3.66. The company's 50-day moving average is $46.97 and its two-hundred day moving average is $57.19.

Affirm (NASDAQ:AFRM - Get Free Report) last posted its quarterly earnings data 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. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. The business had revenue of $783.14 million during the quarter, compared to analysts' expectations of $782.98 million. During the same period last year, the firm posted ($0.43) earnings per share. The business's revenue was up 35.9% on a year-over-year basis. On average, analysts predict that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AFRM. 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. JMP Securities reduced their target price on Affirm from $85.00 to $75.00 and set a "market outperform" rating on the stock in a research note on Friday, May 9th. Needham & Company LLC reiterated a "hold" rating on shares of Affirm in a report on Friday, February 7th. Barclays raised their price target on Affirm from $45.00 to $53.00 and gave the company an "overweight" rating in a research note on Monday, May 12th. Finally, TD Cowen initiated coverage on Affirm in a research report on Tuesday, April 8th. They set a "buy" rating and a $50.00 price objective on the stock. Seven analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.70.

Insider Transactions at Affirm

In other Affirm news, Director Noel Bertram Watson sold 2,500 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $45.78, for a total value of $114,450.00. Following the completion of the transaction, the director now directly owns 38,997 shares of the company's stock, valued at approximately $1,785,282.66. The trade was a 6.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Keith Rabois sold 16,088 shares of the company's 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 completion of the transaction, the director now owns 45,432 shares of the company's stock, valued at $2,063,067.12. This trade represents a 26.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,677 shares of company stock worth $1,665,545 in the last 90 days. 11.82% of the stock is owned by insiders.

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.