Mission Wealth Management LP Buys New Stake in Affirm Holdings, Inc. (NASDAQ:AFRM)

Mission Wealth Management LP purchased a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) during the 4th quarter, Holdings Channel.com reports. The fund purchased 19,513 shares of the company’s stock, valued at approximately $959,000.

Other institutional investors have also modified their holdings of the company. Planned Solutions Inc. acquired a new stake in Affirm during the fourth quarter worth about $25,000. Creative Financial Designs Inc. ADV boosted its holdings in Affirm by 82.2% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 665 shares of the company’s stock worth $33,000 after buying an additional 300 shares in the last quarter. Lindbrook Capital LLC grew its position in Affirm by 117.9% during the fourth quarter. Lindbrook Capital LLC now owns 1,386 shares of the company’s stock valued at $68,000 after buying an additional 750 shares during the period. Whittier Trust Co. increased its holdings in Affirm by 9,900.0% in the fourth quarter. Whittier Trust Co. now owns 1,500 shares of the company’s stock valued at $74,000 after buying an additional 1,485 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Affirm during the 4th quarter worth about $135,000. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Affirm in a report on Tuesday, April 23rd. BMO Capital Markets boosted their price target on shares of Affirm from $44.00 to $47.00 and gave the stock a “market perform” rating in a report on Monday, February 12th. Wedbush reaffirmed an “underperform” rating and set a $20.00 price objective on shares of Affirm in a report on Friday, February 9th. Barclays cut their target price on shares of Affirm from $50.00 to $41.00 and set an “overweight” rating for the company in a research note on Tuesday, April 16th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Affirm in a research note on Tuesday, April 23rd. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $27.86.

Insider Buying and Selling at Affirm

In other news, Director Keith Rabois sold 9,276 shares of Affirm stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $34.39, for a total value of $319,001.64. Following the completion of the sale, the director now directly owns 78,552 shares of the company’s stock, valued at $2,701,403.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 13.05% of the stock is owned by corporate insiders.

Affirm Stock Up 0.8 %

Shares of NASDAQ:AFRM opened at $32.12 on Thursday. The company has a market capitalization of $9.86 billion, a price-to-earnings ratio of -12.90 and a beta of 3.57. Affirm Holdings, Inc. has a 12-month low of $8.80 and a 12-month high of $52.48. The business has a 50-day moving average price of $35.02 and a 200 day moving average price of $35.41. The company has a current ratio of 11.49, a quick ratio of 11.49 and a debt-to-equity ratio of 2.35.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings results on Thursday, February 8th. The company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.08. Affirm had a negative net margin of 39.19% and a negative return on equity of 25.10%. The business had revenue of $591.11 million during the quarter, compared to analysts’ expectations of $523.92 million. Sell-side analysts expect that Affirm Holdings, Inc. will post -2.45 EPS for the current year.

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.