TriaGen Wealth Management LLC Takes Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

TriaGen Wealth Management LLC purchased a new position in Affirm Holdings, Inc. (NASDAQ:AFRM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,612 shares of the company’s stock, valued at approximately $585,000.

Other institutional investors also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. bought a new stake in shares of Affirm in the third quarter valued at $1,419,000. Quest Partners LLC purchased a new stake in Affirm during the third quarter valued at about $391,000. International Assets Investment Management LLC bought a new position in Affirm during the third quarter worth about $731,000. Entropy Technologies LP purchased a new position in shares of Affirm in the third quarter worth about $464,000. Finally, Nordea Investment Management AB bought a new stake in shares of Affirm in the fourth quarter valued at approximately $6,380,000. Institutional investors own 69.29% of the company’s stock.

Insiders Place Their Bets

In other news, insider Katherine Adkins sold 200,000 shares of Affirm stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $55.05, for a total value of $11,010,000.00. Following the sale, the insider now directly owns 93,545 shares of the company’s stock, valued at $5,149,652.25. The trade was a 68.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Libor Michalek sold 6,629 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $72.08, for a total value of $477,818.32. Following the transaction, the president now owns 160,601 shares in the company, valued at approximately $11,576,120.08. This represents a 3.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,323,478 shares of company stock valued at $86,285,371. 12.41% of the stock is owned by company insiders.

Affirm Stock Performance

NASDAQ AFRM opened at $61.07 on Friday. The stock has a market capitalization of $19.18 billion, a PE ratio of -43.01 and a beta of 3.67. The business has a 50 day simple moving average of $63.55 and a two-hundred day simple moving average of $48.04. 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 Holdings, Inc. has a 1-year low of $22.25 and a 1-year high of $73.34.

Affirm (NASDAQ:AFRM) last announced its 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 return on equity of 12.57% and a negative net margin of 17.67%. The business had revenue of $698.48 million during the quarter, compared to analyst estimates of $661.39 million. During the same quarter in the previous year, the business earned ($0.57) earnings per share. On average, research analysts predict that Affirm Holdings, Inc. will post -0.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AFRM. Compass Point raised Affirm from a “sell” rating to a “neutral” rating and lifted their target price for the company from $20.00 to $61.00 in a report on Tuesday. Jefferies Financial Group raised shares of Affirm from a “hold” rating to a “buy” rating and raised their price target for the company from $70.00 to $82.00 in a report on Thursday, December 19th. Mizuho upped their price target on shares of Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Barclays lifted their price objective on Affirm from $64.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Finally, Wells Fargo & Company upped their target price on Affirm from $55.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $62.88.

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.