MML Investors Services LLC Acquires 30,071 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

MML Investors Services LLC lifted its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 428.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 37,089 shares of the company's stock after acquiring an additional 30,071 shares during the period. MML Investors Services LLC's holdings in Affirm were worth $2,259,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Geneos Wealth Management Inc. grew its holdings in shares of Affirm by 356.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 525 shares of the company's stock worth $32,000 after purchasing an additional 410 shares during the last quarter. R Squared Ltd bought a new position in shares of Affirm in the fourth quarter valued at approximately $33,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Affirm in the 4th quarter worth approximately $43,000. Creative Financial Designs Inc. ADV grew its position in Affirm by 640.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 740 shares of the company's stock worth $45,000 after acquiring an additional 640 shares during the last quarter. Finally, Prestige Wealth Management Group LLC increased its holdings in Affirm by 78.1% during the 4th quarter. Prestige Wealth Management Group LLC now owns 757 shares of the company's stock valued at $46,000 after purchasing an additional 332 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Affirm Stock Up 5.2 %

Shares of AFRM traded up $2.59 during midday trading on Friday, hitting $52.34. The stock had a trading volume of 7,563,885 shares, compared to its average volume of 8,373,578. The firm has a market cap of $16.65 billion, a price-to-earnings ratio of -80.52 and a beta of 3.68. The company has a 50 day simple moving average of $47.73 and a two-hundred day simple moving average of $56.35. Affirm Holdings, Inc. has a twelve month low of $22.25 and a twelve 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.

Affirm (NASDAQ:AFRM - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.44. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. On average, analysts anticipate that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Insider Activity at Affirm

In other news, Director Christa S. Quarles sold 5,000 shares of the firm's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $80.00, for a total value of $400,000.00. Following the completion of the transaction, the director now owns 137,325 shares in the company, valued at $10,986,000. This trade represents a 3.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Keith Rabois sold 16,088 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $63.97, for a total value of $1,029,149.36. Following the sale, the director now owns 61,520 shares in the company, valued at $3,935,434.40. The trade was a 20.73 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,762 shares of company stock valued at $3,241,246. Corporate insiders own 12.41% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AFRM. TD Cowen began coverage on shares of Affirm in a research report on Tuesday, April 8th. They set a "buy" rating and a $50.00 price target on the stock. Seaport Res Ptn upgraded shares of Affirm to a "hold" rating in a research report on Monday, March 24th. Morgan Stanley boosted their target price on Affirm from $39.00 to $55.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 28th. BMO Capital Markets restated an "outperform" rating and set a $69.00 target price on shares of Affirm in a research report on Thursday, March 20th. Finally, UBS Group boosted their price target on shares of Affirm from $46.00 to $62.00 and gave the stock a "neutral" rating in a research note on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $66.74.

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.