Biltmore Family Office LLC Acquires New Shares in Affirm Holdings, Inc. (NASDAQ:AFRM)

Biltmore Family Office LLC bought a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,205 shares of the company’s stock, valued at approximately $253,000.

Several other institutional investors also recently bought and sold shares of AFRM. Ridgewood Investments LLC bought a new position in shares of Affirm in the 2nd quarter valued at approximately $27,000. ORG Wealth Partners LLC bought a new position in shares of Affirm in the third quarter valued at approximately $29,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Affirm by 82.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock worth $36,000 after buying an additional 540 shares during the last quarter. ORG Partners LLC boosted its holdings in shares of Affirm by 80.0% during the 2nd quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock worth $37,000 after buying an additional 551 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in Affirm by 168.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock valued at $44,000 after buying an additional 671 shares during the last quarter. 69.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, President Libor Michalek sold 100,000 shares of Affirm stock in a transaction on Monday, November 18th. The stock was sold at an average price of $62.00, for a total value of $6,200,000.00. Following the completion of the sale, the president now directly owns 159,449 shares of the company’s stock, valued at approximately $9,885,838. This trade represents a 38.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Katherine Adkins sold 6,084 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $45.00, for a total value of $273,780.00. Following the completion of the transaction, the insider now owns 122,069 shares in the company, valued at approximately $5,493,105. This represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 503,738 shares of company stock valued at $27,315,878 in the last 90 days. 12.41% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on AFRM. JPMorgan Chase & Co. boosted their target price on shares of Affirm from $47.00 to $56.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. BTIG Research upgraded Affirm from a “neutral” rating to a “buy” rating and set a $68.00 target price for the company in a research note on Tuesday, October 8th. Mizuho lifted their price target on Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Tuesday. Royal Bank of Canada restated a “sector perform” rating and issued a $46.00 price objective on shares of Affirm in a research note on Friday, October 4th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a research note on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $48.74.

Affirm Price Performance

Affirm stock opened at $65.74 on Friday. The company has a market capitalization of $20.65 billion, a PE ratio of -46.30 and a beta of 3.47. The business has a 50 day simple moving average of $46.44 and a 200 day simple moving average of $36.50. Affirm Holdings, Inc. has a one year low of $22.25 and a one year high of $66.61. 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 (NASDAQ:AFRM) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.36) by $0.05. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.57%. The firm had revenue of $698.48 million during the quarter, compared to the consensus estimate of $661.39 million. During the same period last year, the firm posted ($0.57) EPS. On average, sell-side analysts forecast that Affirm Holdings, Inc. will post -0.53 EPS for the current fiscal year.

About Affirm

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.