Nicholas Hoffman & Company LLC. Buys Shares of 22,571 Affirm Holdings, Inc. $AFRM

Key Points

• Nicholas Hoffman & Company LLC bought a new stake of 22,571 shares of Affirm (AFRM) in Q4, valued at approximately $1.68 million.
• Affirm beat Q4 expectations with EPS $0.37 vs. $0.28 est. and revenue of $1.12B (up 29.6% YoY), and analysts hold a consensus "Moderate Buy" with a target of about $83.76.
• Director Noel Bertram Watson sold 2,000 shares at $55 under a pre-arranged Rule 10b5-1 plan, while institutional investors own about 69.29% of the company and insiders hold 11.01%.

Nicholas Hoffman & Company LLC. bought a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 22,571 shares of the company's stock, valued at approximately $1,680,000.

A number of other institutional investors and hedge funds have also made changes to their positions in AFRM. Royal Bank of Canada increased its stake in shares of Affirm by 2.1% during the first quarter. Royal Bank of Canada now owns 193,601 shares of the company's stock valued at $8,748,000 after purchasing an additional 3,892 shares in the last quarter. Empowered Funds LLC increased its position in shares of Affirm by 90.7% during the first quarter. Empowered Funds LLC now owns 16,852 shares of the company's stock valued at $762,000 after acquiring an additional 8,014 shares in the last quarter. Focus Partners Wealth bought a new stake in shares of Affirm during the first quarter valued at approximately $243,000. EverSource Wealth Advisors LLC increased its position in shares of Affirm by 18.5% during the second quarter. EverSource Wealth Advisors LLC now owns 2,738 shares of the company's stock valued at $189,000 after acquiring an additional 427 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of Affirm by 44.8% during the second quarter. First Trust Advisors LP now owns 191,525 shares of the company's stock valued at $13,242,000 after acquiring an additional 59,297 shares in the last quarter. Institutional investors own 69.29% of the company's stock.

Insider Transactions at Affirm

In related news, Director Noel Bertram Watson sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $55.00, for a total value of $110,000.00. Following the sale, the director owned 38,076 shares in the company, valued at approximately $2,094,180. This trade represents a 4.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 11.01% of the company's stock.

Affirm Trading Down 0.7%

Shares of AFRM stock opened at $67.08 on Tuesday. Affirm Holdings, Inc. has a 12-month low of $42.10 and a 12-month high of $100.00. The company has a current ratio of 11.41, a quick ratio of 11.41 and a debt-to-equity ratio of 2.58. The firm's 50 day moving average is $51.59 and its 200 day moving average is $63.23. The stock has a market capitalization of $22.35 billion, a P/E ratio of 82.81, a P/E/G ratio of 4.72 and a beta of 3.72.

Affirm (NASDAQ:AFRM - Get Free Report) last issued its earnings results on Thursday, February 5th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.09. Affirm had a net margin of 7.60% and a return on equity of 8.83%. The company had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.06 billion. During the same quarter last year, the company posted $0.23 earnings per share. The firm's quarterly revenue was up 29.6% on a year-over-year basis. Research analysts expect that Affirm Holdings, Inc. will post 1.08 earnings per share for the current year.

Wall Street Analyst Weigh In

AFRM has been the subject of several analyst reports. The Goldman Sachs Group downgraded shares of Affirm from a "buy" rating to a "hold" rating in a research report on Tuesday, February 24th. Oppenheimer reduced their price target on shares of Affirm from $95.00 to $83.00 and set an "outperform" rating for the company in a research report on Friday, February 6th. UBS Group set a $78.00 price target on shares of Affirm in a research report on Friday, February 6th. Robert W. Baird initiated coverage on shares of Affirm in a research report on Thursday, February 19th. They set a "neutral" rating and a $55.00 price target for the company. Finally, Bank of America initiated coverage on shares of Affirm in a research report on Thursday, March 5th. They set a "buy" rating and a $82.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $83.76.

About Affirm

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.

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