Atria Wealth Solutions Inc. Boosts Position in Affirm Holdings, Inc. $AFRM

Key Points

• Atria Wealth Solutions Inc. increased its shares in Affirm Holdings, Inc. by 115.3%, acquiring an additional 4,236 shares, bringing its total to 7,910 shares worth approximately $357,000.
• Several institutional investors significantly boosted their stakes in Affirm, with Thurston Springer Miller Herd & Titak Inc. reporting an extraordinary growth of 3,637.8% in one quarter.
• Wall Street analysts generally hold a positive outlook on Affirm, with the average rating being "Moderate Buy" and a consensus price target of $68.09.

Atria Wealth Solutions Inc. lifted its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 115.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,910 shares of the company's stock after acquiring an additional 4,236 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Affirm were worth $357,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Allworth Financial LP boosted its stake in shares of Affirm by 63.7% in the first quarter. Allworth Financial LP now owns 563 shares of the company's stock worth $27,000 after buying an additional 219 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Affirm during the 4th quarter worth approximately $28,000. Coppell Advisory Solutions LLC purchased a new position in shares of Affirm during the 4th quarter valued at approximately $40,000. Strategic Investment Solutions Inc. IL purchased a new stake in Affirm during the fourth quarter worth $43,000. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Affirm by 3,637.8% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,383 shares of the company's stock worth $62,000 after buying an additional 1,346 shares in the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Affirm

In other Affirm news, CFO Robert O'hare sold 19,802 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $70.03, for a total value of $1,386,734.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Noel Bertram Watson sold 2,500 shares of the stock in a transaction 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 sale, the director owned 36,497 shares in the company, valued at approximately $2,221,207.42. The trade was a 6.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 163,114 shares of company stock valued at $11,825,169. 11.82% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on AFRM shares. Royal Bank Of Canada upped their price objective on shares of Affirm from $70.00 to $75.00 and gave the stock a "sector perform" rating in a research report on Tuesday, July 8th. Barclays increased their price target on Affirm from $67.00 to $80.00 and gave the stock an "overweight" rating in a research report on Monday, June 30th. Needham & Company LLC restated a "hold" rating on shares of Affirm in a research report on Wednesday, July 2nd. UBS Group reduced their target price on Affirm from $62.00 to $56.00 and set a "neutral" rating for the company in a research note on Friday, May 9th. Finally, Morgan Stanley dropped their price target on shares of Affirm from $65.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Tuesday, May 6th. Twelve analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $68.74.

Affirm Trading Down 4.2%

NASDAQ AFRM traded down $3.32 on Tuesday, reaching $74.92. The stock had a trading volume of 1,264,429 shares, compared to its average volume of 7,056,153. The company has a quick ratio of 11.47, a current ratio of 11.47 and a debt-to-equity ratio of 2.55. The stock has a fifty day moving average price of $68.16 and a two-hundred day moving average price of $58.53. Affirm Holdings, Inc. has a 12-month low of $28.47 and a 12-month high of $82.53. The firm has a market capitalization of $24.17 billion, a price-to-earnings ratio of -359.70, a P/E/G ratio of 2.92 and a beta of 3.63.

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.