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Apollon Wealth Management LLC Invests $236,000 in Affirm Holdings, Inc. (NASDAQ:AFRM)

Affirm logo with Computer and Technology background

Apollon Wealth Management LLC acquired a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,223 shares of the company's stock, valued at approximately $236,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AFRM. Allworth Financial LP increased its position in Affirm by 63.7% in the 1st quarter. Allworth Financial LP now owns 563 shares of the company's stock valued at $27,000 after acquiring an additional 219 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in Affirm in the 4th quarter valued at about $28,000. Coppell Advisory Solutions LLC acquired a new stake in Affirm in the 4th quarter valued at about $40,000. Strategic Investment Solutions Inc. IL acquired a new stake in Affirm in the 4th quarter valued at about $43,000. Finally, Prestige Wealth Management Group LLC increased its position in Affirm by 78.1% in the 4th quarter. Prestige Wealth Management Group LLC now owns 757 shares of the company's stock valued at $46,000 after acquiring an additional 332 shares in the last quarter. 69.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Affirm in a research report on Thursday, July 17th. They issued a "buy" rating and a $78.00 price objective for the company. UBS Group lowered their price objective on shares of Affirm from $62.00 to $56.00 and set a "neutral" rating for the company in a research report on Friday, May 9th. Stephens initiated coverage on shares of Affirm in a research report on Thursday, June 12th. They issued an "equal weight" rating and a $69.00 price objective for the company. Wall Street Zen cut shares of Affirm from a "buy" rating to a "hold" rating in a research report on Friday, June 6th. Finally, Oppenheimer set a $80.00 price target on shares of Affirm and gave the stock an "outperform" rating in a research report on Monday. Nine investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $67.82.

Get Our Latest Stock Report on Affirm

Insider Buying and Selling

In other news, Director Noel Bertram Watson sold 2,500 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $60.86, for a total value of $152,150.00. Following the completion of the transaction, the director owned 36,497 shares in the company, valued at $2,221,207.42. This represents a 6.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Katherine Adkins sold 57,102 shares of the company's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $70.27, for a total transaction of $4,012,557.54. Following the completion of the transaction, the insider owned 112,467 shares of the company's stock, valued at $7,903,056.09. This trade represents a 33.67% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 96,247 shares of company stock valued at $6,422,823. 11.82% of the stock is owned by corporate insiders.

Affirm Trading Up 1.8%

NASDAQ AFRM traded up $1.16 during trading on Friday, reaching $66.98. 464,144 shares of the stock traded hands, compared to its average volume of 7,274,819. The firm has a market cap of $21.61 billion, a price-to-earnings ratio of -318.70, a price-to-earnings-growth ratio of 2.45 and a beta of 3.63. The stock's 50-day moving average price is $61.12 and its 200 day moving average price is $56.70. 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.

Affirm (NASDAQ:AFRM - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.01 earnings per share 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 net margin of 2.07% and a negative return on equity of 2.22%. The business's quarterly revenue was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.43) earnings per share. Analysts predict that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

About Affirm

(Free Report)

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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Institutional Ownership by Quarter for Affirm (NASDAQ:AFRM)

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