Simplicity Wealth LLC Buys Shares of 37,867 Affirm Holdings, Inc. (NASDAQ:AFRM)

Simplicity Wealth LLC purchased a new position in 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 (SEC). The institutional investor purchased 37,867 shares of the company's stock, valued at approximately $1,711,000.

Several other large investors have also bought and sold shares of the company. Capital Research Global Investors grew its position in Affirm by 2.0% during the 4th quarter. Capital Research Global Investors now owns 24,264,396 shares of the company's stock valued at $1,477,747,000 after purchasing an additional 470,409 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Affirm by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 21,815,563 shares of the company's stock worth $1,328,568,000 after acquiring an additional 716,574 shares during the period. Capital World Investors increased its position in Affirm by 0.4% during the fourth quarter. Capital World Investors now owns 18,339,165 shares of the company's stock valued at $1,116,861,000 after acquiring an additional 72,582 shares during the last quarter. Durable Capital Partners LP lifted its holdings in Affirm by 97.3% in the fourth quarter. Durable Capital Partners LP now owns 5,858,283 shares of the company's stock valued at $356,769,000 after acquiring an additional 2,888,827 shares during the period. Finally, Jericho Capital Asset Management L.P. boosted its position in Affirm by 11.6% in the fourth quarter. Jericho Capital Asset Management L.P. now owns 5,198,039 shares of the company's stock worth $316,561,000 after purchasing an additional 538,892 shares during the last quarter. 69.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AFRM. Truist Financial assumed coverage on shares of Affirm in a research report on Monday, June 2nd. They set a "buy" rating and a $58.00 price target for the company. TD Cowen started coverage on shares of Affirm in a research note on Tuesday, April 8th. They set a "buy" rating and a $50.00 price target on the stock. The Goldman Sachs Group boosted their price objective on shares of Affirm from $45.00 to $58.00 and gave the company a "buy" rating in a research report on Monday, May 12th. JMP Securities decreased their target price on Affirm from $85.00 to $75.00 and set a "market outperform" rating on the stock in a report on Friday, May 9th. Finally, Stephens assumed coverage on Affirm in a report on Thursday. They set an "equal weight" rating and a $69.00 price target for the company. Nine analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $65.05.

Affirm Trading Down 3.2%

Shares of Affirm stock traded down $1.94 during trading on Friday, hitting $59.11. The stock had a trading volume of 6,523,520 shares, compared to its average volume of 8,467,219. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $82.53. The company has a debt-to-equity ratio of 2.68, a current ratio of 11.26 and a quick ratio of 11.26. The firm's fifty day simple moving average is $49.59 and its 200-day simple moving average is $56.93. The stock has a market cap of $19.07 billion, a PE ratio of -90.94 and a beta of 3.58.

Affirm (NASDAQ:AFRM - Get Free Report) last announced its quarterly earnings data 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. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. The business had revenue of $783.14 million during the quarter, compared to the consensus estimate of $782.98 million. During the same quarter last year, the firm earned ($0.43) earnings per share. The firm's quarterly revenue was up 35.9% compared to the same quarter last year. As a group, sell-side analysts expect that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Insider Activity at Affirm

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

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.