Bluebird Wealth Management LLC Buys Shares of 11,681 Affirm Holdings, Inc. $AFRM

Bluebird Wealth Management LLC bought a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,681 shares of the company’s stock, valued at approximately $869,000.

A number of other institutional investors also recently bought and sold shares of AFRM. Invesco Ltd. lifted its holdings in Affirm by 294.2% in the third quarter. Invesco Ltd. now owns 4,333,691 shares of the company’s stock valued at $316,706,000 after acquiring an additional 3,234,260 shares during the period. Atreides Management LP raised its stake in shares of Affirm by 543.3% in the second quarter. Atreides Management LP now owns 1,977,882 shares of the company’s stock worth $136,751,000 after buying an additional 1,670,429 shares during the period. State Street Corp raised its stake in shares of Affirm by 26.7% in the third quarter. State Street Corp now owns 5,641,965 shares of the company’s stock worth $412,315,000 after buying an additional 1,187,665 shares during the period. Alliancebernstein L.P. raised its stake in shares of Affirm by 333.5% in the third quarter. Alliancebernstein L.P. now owns 1,166,370 shares of the company’s stock worth $85,238,000 after buying an additional 897,340 shares during the period. Finally, Qube Research & Technologies Ltd raised its stake in shares of Affirm by 68.9% in the third quarter. Qube Research & Technologies Ltd now owns 2,146,092 shares of the company’s stock worth $156,836,000 after buying an additional 875,813 shares during the period. Institutional investors own 69.29% of the company’s stock.

Affirm Stock Down 1.8%

NASDAQ AFRM opened at $65.58 on Thursday. The stock has a 50 day moving average price of $52.27 and a 200-day moving average price of $63.16. Affirm Holdings, Inc. has a one year low of $42.10 and a one year high of $100.00. The company has a debt-to-equity ratio of 2.58, a quick ratio of 11.41 and a current ratio of 11.41. The company has a market capitalization of $21.85 billion, a P/E ratio of 80.96, a P/E/G ratio of 4.67 and a beta of 3.72.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.09. The company had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Affirm had a net margin of 7.60% and a return on equity of 8.83%. During the same quarter in the previous year, the business posted $0.23 earnings per share. Affirm’s quarterly revenue was up 29.6% on a year-over-year basis. As a group, equities analysts predict that Affirm Holdings, Inc. will post 1.08 EPS for the current fiscal year.

Insider Activity at Affirm

In other news, Director Noel Bertram Watson sold 2,000 shares of the business’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $55.00, for a total value of $110,000.00. Following the sale, the director directly owned 38,076 shares in the company, valued at $2,094,180. The trade was a 4.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.01% of the stock is owned by insiders.

Wall Street Analyst Weigh In

AFRM has been the topic of several recent research reports. Stephens decreased their price objective on Affirm from $75.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Friday, February 6th. Morgan Stanley reaffirmed an “overweight” rating on shares of Affirm in a research note on Wednesday, March 4th. Robert W. Baird initiated coverage on Affirm in a research note on Thursday, February 19th. They issued a “neutral” rating and a $55.00 price objective on the stock. Compass Point reaffirmed a “buy” rating and issued a $68.00 price objective on shares of Affirm in a research note on Wednesday, February 18th. Finally, Bank of America initiated coverage on Affirm in a research note on Thursday, March 5th. They issued a “buy” rating and a $82.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $83.76.

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.