NewEdge Advisors LLC Increases Stock Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

NewEdge Advisors LLC grew its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 305.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,776 shares of the company's stock after purchasing an additional 29,961 shares during the quarter. NewEdge Advisors LLC's holdings in Affirm were worth $2,422,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. raised its stake in Affirm by 356.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 525 shares of the company's stock worth $32,000 after buying an additional 410 shares during the period. R Squared Ltd bought a new position in shares of Affirm in the 4th quarter valued at about $33,000. Creative Financial Designs Inc. ADV raised its stake in Affirm by 640.0% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 740 shares of the company's stock valued at $45,000 after acquiring an additional 640 shares during the period. Prestige Wealth Management Group LLC boosted its holdings in shares of Affirm by 78.1% during the 4th 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 period. Finally, Valley National Advisers Inc. acquired a new stake in Affirm during the 4th quarter worth approximately $61,000. Institutional investors own 69.29% of the company's stock.

Insider Buying and Selling at Affirm

In other news, Director Christa S. Quarles sold 5,000 shares of the business'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 of the company's stock, valued at $10,986,000. The trade was a 3.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Keith Rabois sold 16,086 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $60.12, for a total transaction of $967,090.32. Following the completion of the transaction, the director now owns 77,608 shares of the company's stock, valued at approximately $4,665,792.96. This represents a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,762 shares of company stock valued at $3,241,246. 12.41% of the stock is currently owned by corporate insiders.

Affirm Price Performance

NASDAQ:AFRM traded up $0.89 during trading hours on Friday, reaching $49.09. The stock had a trading volume of 4,711,479 shares, compared to its average volume of 8,357,134. The stock has a market capitalization of $15.61 billion, a PE ratio of -75.52 and a beta of 3.68. The company has a 50 day moving average price of $49.47 and a two-hundred day moving average price of $56.23. 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 Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $82.53.

Affirm (NASDAQ:AFRM - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. As a group, sell-side analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AFRM. Wells Fargo & Company decreased their target price on shares of Affirm from $85.00 to $67.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Royal Bank of Canada raised their price objective on Affirm from $67.00 to $81.00 and gave the stock a "sector perform" rating in a research note on Friday, February 7th. Morgan Stanley upped their target price on Affirm from $39.00 to $55.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 28th. Susquehanna downgraded Affirm from a "positive" rating to a "neutral" rating and set a $57.00 price target for the company. in a research note on Tuesday, January 21st. Finally, Barclays raised their price objective on Affirm from $75.00 to $85.00 and gave the company an "overweight" rating in a research note on Monday, February 10th. Eight equities research 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.com, Affirm presently has an average rating of "Moderate Buy" and an average price target of $66.74.

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.