34,758 Shares in Affirm Holdings, Inc. (NASDAQ:AFRM) Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. acquired a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 34,758 shares of the company's stock, valued at approximately $1,419,000.

Several other hedge funds also recently modified their holdings of AFRM. ORG Wealth Partners LLC bought a new position in Affirm during the third quarter worth about $29,000. Ridgewood Investments LLC bought a new position in Affirm during the second quarter worth about $27,000. Venturi Wealth Management LLC grew its holdings in Affirm by 200.5% during the third quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company's stock worth $45,000 after purchasing an additional 732 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Affirm by 82.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company's stock worth $36,000 after purchasing an additional 540 shares during the period. Finally, ORG Partners LLC grew its holdings in Affirm by 80.0% during the second quarter. ORG Partners LLC now owns 1,240 shares of the company's stock worth $37,000 after purchasing an additional 551 shares during the period. Institutional investors own 69.29% of the company's stock.

Affirm Price Performance

NASDAQ:AFRM traded up $1.90 during mid-day trading on Tuesday, reaching $63.96. The stock had a trading volume of 11,468,901 shares, compared to its average volume of 9,089,392. The stock has a 50-day simple moving average of $44.96 and a two-hundred day simple moving average of $35.90. The stock has a market capitalization of $20.09 billion, a PE ratio of -45.04 and a beta of 3.47. The company has a debt-to-equity ratio of 2.50, a current ratio of 12.60 and a quick ratio of 12.60. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $64.01.

Affirm (NASDAQ:AFRM - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.36) by $0.05. The business had revenue of $698.48 million for the quarter, compared to analysts' expectations of $661.39 million. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.57%. During the same period last year, the firm posted ($0.57) earnings per share. On average, equities analysts anticipate that Affirm Holdings, Inc. will post -0.53 earnings per share for the current year.

Insiders Place Their Bets

In other Affirm news, insider Katherine Adkins sold 200,000 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $55.05, for a total transaction of $11,010,000.00. Following the sale, the insider now owns 93,545 shares of the company's stock, valued at approximately $5,149,652.25. The trade was a 68.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Robert O'hare sold 100,938 shares of the business's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $55.00, for a total transaction of $5,551,590.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 403,738 shares of company stock valued at $21,115,878. 12.41% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

AFRM has been the subject of a number of research analyst reports. Susquehanna lifted their price target on Affirm from $52.00 to $57.00 and gave the stock a "positive" rating in a report on Friday, November 8th. Morgan Stanley upgraded shares of Affirm from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $22.00 to $37.00 in a research report on Wednesday, October 9th. Barclays raised their price objective on shares of Affirm from $54.00 to $64.00 and gave the stock an "overweight" rating in a research report on Monday. Wedbush upgraded shares of Affirm from an "underperform" rating to a "neutral" rating and raised their price objective for the stock from $25.00 to $45.00 in a research report on Monday, October 14th. Finally, Bank of America raised their price objective on shares of Affirm from $36.00 to $42.00 and gave the stock a "buy" rating in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $46.85.

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.