Integrated Investment Consultants LLC Purchases 64,444 Shares of Affirm Holdings, Inc. $AFRM

Integrated Investment Consultants LLC lifted its position in Affirm Holdings, Inc. (NASDAQ:AFRM) by 33.5% in the 3rd quarter, Holdings Channel reports. The fund owned 257,022 shares of the company’s stock after buying an additional 64,444 shares during the period. Affirm makes up approximately 2.9% of Integrated Investment Consultants LLC’s investment portfolio, making the stock its 5th biggest holding. Integrated Investment Consultants LLC’s holdings in Affirm were worth $18,783,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Yousif Capital Management LLC raised its stake in Affirm by 5.1% during the 3rd quarter. Yousif Capital Management LLC now owns 3,243 shares of the company’s stock valued at $237,000 after purchasing an additional 158 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Affirm by 13.2% in the third quarter. Farther Finance Advisors LLC now owns 1,471 shares of the company’s stock worth $108,000 after buying an additional 171 shares during the period. Assetmark Inc. grew its holdings in shares of Affirm by 111.3% during the third quarter. Assetmark Inc. now owns 338 shares of the company’s stock valued at $25,000 after buying an additional 178 shares in the last quarter. GAMMA Investing LLC raised its position in Affirm by 4.4% during the third quarter. GAMMA Investing LLC now owns 4,850 shares of the company’s stock valued at $354,000 after buying an additional 206 shares during the period. Finally, Apollon Wealth Management LLC raised its position in Affirm by 3.5% during the third quarter. Apollon Wealth Management LLC now owns 6,335 shares of the company’s stock valued at $463,000 after buying an additional 212 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Stock Performance

Shares of NASDAQ AFRM opened at $47.56 on Wednesday. The company has a debt-to-equity ratio of 2.58, a current ratio of 11.41 and a quick ratio of 11.41. Affirm Holdings, Inc. has a one year low of $30.90 and a one year high of $100.00. The business’s 50-day moving average price is $59.35 and its two-hundred day moving average price is $69.69. The company has a market capitalization of $15.84 billion, a P/E ratio of 58.72, a price-to-earnings-growth ratio of 1.75 and a beta of 3.61.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, February 5th. The company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.09. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.06 billion. Affirm had a return on equity of 8.83% and a net margin of 7.60%.The business’s quarterly revenue was up 29.6% on a year-over-year basis. During the same period last year, the business earned $0.23 EPS. Analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on AFRM shares. Evercore restated an “outperform” rating on shares of Affirm in a research report on Tuesday, December 16th. Wolfe Research initiated coverage on Affirm in a report on Tuesday, December 9th. They issued a “peer perform” rating on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $85.00 price target on shares of Affirm in a research report on Monday, February 9th. Oppenheimer decreased their price target on shares of Affirm from $95.00 to $83.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Finally, Robert W. Baird initiated coverage on shares of Affirm in a research report on Thursday, February 19th. They set a “neutral” rating and a $55.00 price objective on the stock. Twenty analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Affirm has an average rating of “Moderate Buy” and a consensus target price of $84.36.

Insider Activity at Affirm

In other Affirm news, CEO Max R. Levchin sold 666,666 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $80.62, for a total value of $53,746,612.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert O’hare sold 36,401 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $80.00, for a total transaction of $2,912,080.00. Following the transaction, the chief financial officer owned 1,368 shares in the company, valued at approximately $109,440. This trade represents a 96.38% decrease in their position. The disclosure for this sale is available in the SEC filing. 11.01% of the stock is currently owned by company insiders.

About Affirm

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.