RFG Advisory LLC Takes $256,000 Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

RFG Advisory LLC acquired a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,667 shares of the company's stock, valued at approximately $256,000.

Several other institutional investors have also recently modified their holdings of AFRM. Rhumbline Advisers lifted its stake in shares of Affirm by 2.5% during the 1st quarter. Rhumbline Advisers now owns 255,582 shares of the company's stock worth $11,550,000 after purchasing an additional 6,131 shares during the period. Parallel Advisors LLC grew its holdings in Affirm by 18.3% in the 1st quarter. Parallel Advisors LLC now owns 4,971 shares of the company's stock valued at $225,000 after buying an additional 770 shares during the period. GAMMA Investing LLC grew its holdings in Affirm by 4,872.3% in the 1st quarter. GAMMA Investing LLC now owns 207,693 shares of the company's stock valued at $9,386,000 after buying an additional 203,516 shares during the period. Versant Capital Management Inc increased its stake in shares of Affirm by 19.6% during the 1st quarter. Versant Capital Management Inc now owns 4,074 shares of the company's stock valued at $184,000 after acquiring an additional 669 shares during the last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of Affirm by 1.0% during the 4th quarter. California State Teachers Retirement System now owns 226,593 shares of the company's stock worth $13,800,000 after acquiring an additional 2,286 shares during the period. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Affirm

In other news, Director Noel Bertram Watson sold 2,500 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $45.78, for a total transaction of $114,450.00. Following the completion of the transaction, the director now owns 38,997 shares of the company's stock, valued at approximately $1,785,282.66. This trade represents a 6.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Keith Rabois sold 16,088 shares of Affirm stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $45.41, for a total value of $730,556.08. Following the transaction, the director now directly owns 45,432 shares in the company, valued at $2,063,067.12. The trade was a 26.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 34,677 shares of company stock valued at $1,665,545 in the last ninety days. 11.82% of the stock is currently owned by corporate insiders.

Affirm Trading Up 5.8%

NASDAQ AFRM opened at $58.92 on Friday. The stock has a market capitalization of $19.01 billion, a price-to-earnings ratio of -90.65 and a beta of 3.58. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $82.53. The stock's 50 day moving average price is $47.85 and its two-hundred day moving average price is $57.01. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26.

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, beating analysts' consensus estimates of ($0.09) by $0.10. The business had revenue of $783.14 million for the quarter, compared to the consensus estimate of $782.98 million. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. Affirm's quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.43) earnings per share. As a group, analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on AFRM shares. Barclays upped their price target on Affirm from $45.00 to $53.00 and gave the stock an "overweight" rating in a research note on Monday, May 12th. Morgan Stanley dropped their target price on shares of Affirm from $65.00 to $60.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 6th. Seaport Res Ptn raised shares of Affirm to a "hold" rating in a research report on Monday, March 24th. Evercore ISI started coverage on shares of Affirm in a research report on Wednesday, April 9th. They issued an "outperform" rating and a $50.00 price objective for the company. Finally, Compass Point raised shares of Affirm from a "neutral" rating to a "buy" rating and raised their target price for the company from $61.00 to $64.00 in a research note on Wednesday, March 19th. Eight analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $64.15.

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.

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