Omega Financial Group LLC Has $4.94 Million Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Omega Financial Group LLC lifted its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 6.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 109,279 shares of the company's stock after acquiring an additional 6,252 shares during the period. Affirm accounts for about 1.9% of Omega Financial Group LLC's portfolio, making the stock its 18th largest position. Omega Financial Group LLC's holdings in Affirm were worth $4,938,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Allworth Financial LP lifted 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 acquiring an additional 219 shares during the period. Amalgamated Bank raised its holdings 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 buying an additional 280 shares during the last quarter. Prestige Wealth Management Group LLC raised its holdings in Affirm by 78.1% during 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 during the last quarter. M&T Bank Corp raised its holdings in Affirm by 1.9% during the first quarter. M&T Bank Corp now owns 21,416 shares of the company's stock worth $968,000 after buying an additional 389 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Affirm by 10.0% during the first quarter. GAMMA Investing LLC now owns 4,596 shares of the company's stock worth $208,000 after buying an additional 419 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company's stock.

Insider Activity

In other news, CFO Robert O'hare sold 19,802 shares of the stock in a transaction dated 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 filing with the SEC, which can be accessed through this hyperlink. Also, insider Katherine Adkins sold 57,102 shares of the stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $70.27, for a total transaction of $4,012,557.54. Following the completion of the sale, the insider directly owned 112,467 shares in the company, valued at approximately $7,903,056.09. The trade was a 33.67% decrease in their ownership of the stock. 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 currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on AFRM shares. Stephens started coverage on shares of Affirm in a report on Thursday, June 12th. They set an "equal weight" rating and a $69.00 price objective on the stock. Seaport Res Ptn upgraded shares of Affirm to a "hold" rating in a report on Monday, March 24th. JPMorgan Chase & Co. lowered their price objective on shares of Affirm from $74.00 to $69.00 and set an "overweight" rating on the stock in a report on Friday, May 9th. Wall Street Zen downgraded shares of Affirm from a "buy" rating to a "hold" rating in a report on Friday, June 6th. Finally, JMP Securities lowered their price objective on shares of Affirm from $85.00 to $75.00 and set a "market outperform" rating on the stock in a report on Friday, May 9th. Nine investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Affirm has a consensus rating of "Moderate Buy" and an average target price of $65.90.

Affirm Price Performance

Shares of NASDAQ:AFRM opened at $64.72 on Friday. 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 has a market capitalization of $20.88 billion, a PE ratio of -308.19, a P/E/G ratio of 2.49 and a beta of 3.63. Affirm Holdings, Inc. has a twelve month low of $22.25 and a twelve month high of $82.53. The company has a 50-day moving average price of $58.56 and a two-hundred day moving average price of $56.54.

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

Affirm 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.

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