Elyxium Wealth LLC Boosts Stake in Affirm Holdings, Inc. (NASDAQ:AFRM)

Elyxium Wealth LLC grew its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 8.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 98,136 shares of the company's stock after buying an additional 7,655 shares during the quarter. Affirm makes up 2.0% of Elyxium Wealth LLC's holdings, making the stock its 12th biggest holding. Elyxium Wealth LLC's holdings in Affirm were worth $4,435,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Allworth Financial LP raised its position in shares of Affirm by 63.7% during the 1st quarter. Allworth Financial LP now owns 563 shares of the company's stock valued at $27,000 after buying an additional 219 shares in the last quarter. Amalgamated Bank boosted its stake in Affirm by 2.1% during the first quarter. Amalgamated Bank now owns 13,773 shares of the company's stock worth $622,000 after acquiring an additional 280 shares in the last quarter. Prestige Wealth Management Group LLC lifted 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 buying an additional 332 shares in the last quarter. M&T Bank Corp raised its holdings in shares of Affirm by 1.9% during the first quarter. M&T Bank Corp now owns 21,416 shares of the company's stock valued at $968,000 after purchasing an additional 389 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Affirm by 10.0% during the first quarter. GAMMA Investing LLC now owns 4,596 shares of the company's stock valued at $208,000 after buying an additional 419 shares during the last quarter. Institutional investors own 69.29% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on AFRM. Wells Fargo & Company reduced their price target on shares of Affirm from $85.00 to $67.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Royal Bank Of Canada lifted their price objective on shares of Affirm from $70.00 to $75.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 8th. Morgan Stanley cut their target price on shares of Affirm from $65.00 to $60.00 and set an "equal weight" rating for the company in a report on Tuesday, May 6th. Barclays boosted their price target on shares of Affirm from $67.00 to $80.00 and gave the stock an "overweight" rating in a report on Monday, June 30th. Finally, Wall Street Zen cut shares of Affirm from a "buy" rating to a "hold" rating in a research note on Friday, June 6th. Nine equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $67.82.

Affirm Stock Up 0.2%

Shares of AFRM traded up $0.11 on Wednesday, hitting $65.54. The company's stock had a trading volume of 1,991,658 shares, compared to its average volume of 8,305,099. 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 firm's fifty day moving average price is $60.17 and its 200-day moving average price is $56.57. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $82.53. The firm has a market capitalization of $21.14 billion, a price-to-earnings ratio of -311.31, a P/E/G ratio of 2.52 and a beta of 3.63.

Affirm (NASDAQ:AFRM - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.10. The business had revenue of $783.14 million for the quarter, compared to analyst estimates of $782.98 million. Affirm had a negative return on equity of 2.22% and a negative net margin of 2.07%. Affirm's revenue was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.43) earnings per share. On average, equities research analysts expect that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Insiders Place Their Bets

In other news, Director Noel Bertram Watson sold 2,500 shares of the business's stock in a transaction dated Monday, June 16th. The stock was 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 of the company's stock, valued at approximately $2,221,207.42. The trade was a 6.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Robert O'hare sold 19,802 shares of Affirm 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 disclosure for this sale can be found here. Insiders sold a total of 96,247 shares of company stock worth $6,422,823 over 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.