Left Brain Wealth Management LLC Purchases Shares of 10,725 Affirm Holdings, Inc. (NASDAQ:AFRM)

Left Brain Wealth Management LLC purchased a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,725 shares of the company’s stock, valued at approximately $653,000.

Several other institutional investors also recently modified their holdings of the stock. Swiss National Bank increased its holdings in shares of Affirm by 2.8% in the fourth quarter. Swiss National Bank now owns 476,400 shares of the company’s stock valued at $29,013,000 after buying an additional 12,900 shares in the last quarter. Avantax Advisory Services Inc. bought a new position in shares of Affirm in the fourth quarter valued at $340,000. Independent Advisor Alliance increased its holdings in shares of Affirm by 9.6% in the fourth quarter. Independent Advisor Alliance now owns 18,024 shares of the company’s stock valued at $1,098,000 after buying an additional 1,575 shares in the last quarter. SLT Holdings LLC bought a new position in shares of Affirm in the fourth quarter valued at $247,000. Finally, Amundi raised its stake in Affirm by 107.5% during the 4th quarter. Amundi now owns 603,437 shares of the company’s stock valued at $35,404,000 after purchasing an additional 312,620 shares during the period. Institutional investors own 69.29% of the company’s stock.

Insider Buying and Selling at Affirm

In other news, Director Keith Rabois sold 16,088 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $63.97, for a total transaction of $1,029,149.36. Following the completion of the transaction, the director now owns 61,520 shares of the company’s stock, valued at approximately $3,935,434.40. This represents a 20.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert O’hare sold 6,541 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $62.28, for a total transaction of $407,373.48. Following the transaction, the chief financial officer now directly owns 2,963 shares of the company’s stock, valued at $184,535.64. This represents a 68.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 62,301 shares of company stock worth $3,986,218 over the last ninety days. Company insiders own 12.41% of the company’s stock.

Affirm Trading Down 3.9 %

Shares of NASDAQ:AFRM opened at $46.90 on Friday. The company has a current ratio of 11.26, a quick ratio of 11.26 and a debt-to-equity ratio of 2.68. Affirm Holdings, Inc. has a 1 year low of $22.25 and a 1 year high of $82.53. The firm has a fifty day moving average price of $62.55 and a 200 day moving average price of $55.56. The stock has a market capitalization of $14.92 billion, a PE ratio of -72.15 and a beta of 3.63.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. Analysts expect that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on AFRM. UBS Group boosted their target price on shares of Affirm from $46.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. The Goldman Sachs Group boosted their target price on shares of Affirm from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, February 10th. JMP Securities boosted their target price on shares of Affirm from $78.00 to $85.00 and gave the company a “market outperform” rating in a research note on Friday, February 7th. William Blair began coverage on shares of Affirm in a research note on Wednesday, January 15th. They set an “outperform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Affirm from $45.00 to $75.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $70.24.

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.