Prestige Wealth Management Group LLC Has $46,000 Stock Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

Prestige Wealth Management Group LLC increased its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 78.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 757 shares of the company’s stock after purchasing an additional 332 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in Affirm were worth $46,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its position in shares of Affirm by 356.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock worth $32,000 after acquiring an additional 410 shares in the last quarter. R Squared Ltd acquired a new position in Affirm in the 4th quarter worth $33,000. Advisors Asset Management Inc. increased its holdings in Affirm by 168.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after purchasing an additional 671 shares in the last quarter. Creative Financial Designs Inc. ADV raised its stake in shares of Affirm by 640.0% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 740 shares of the company’s stock valued at $45,000 after purchasing an additional 640 shares during the period. Finally, Valley National Advisers Inc. bought a new stake in shares of Affirm in the fourth quarter valued at about $61,000. Institutional investors own 69.29% of the company’s stock.

Insider Buying and Selling at Affirm

In other Affirm news, Director Noel Bertram Watson sold 2,500 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $45.78, for a total value of $114,450.00. Following the transaction, the director now directly owns 38,997 shares of the company’s stock, valued at $1,785,282.66. This represents a 6.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Robert O’hare sold 6,541 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $62.28, for a total value of $407,373.48. Following the transaction, the chief financial officer now owns 2,963 shares in the company, valued at $184,535.64. The trade was a 68.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 62,301 shares of company stock valued at $3,920,543 in the last three months. 12.41% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on AFRM. The Goldman Sachs Group decreased their price objective on Affirm from $90.00 to $56.00 and set a “buy” rating for the company in a report on Tuesday, March 18th. Royal Bank of Canada lifted their price objective on shares of Affirm from $67.00 to $81.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. Barclays boosted their price objective on shares of Affirm from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Citizens Jmp raised shares of Affirm from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 20th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Affirm from $56.00 to $74.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Affirm has an average rating of “Moderate Buy” and a consensus price target of $69.76.

Affirm Stock Performance

Shares of NASDAQ AFRM opened at $50.93 on Wednesday. The company has a current ratio of 11.26, a quick ratio of 11.26 and a debt-to-equity ratio of 2.68. The company has a market capitalization of $16.20 billion, a P/E ratio of -78.35 and a beta of 3.63. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $82.53. The stock has a 50 day moving average of $60.54 and a 200-day moving average of $56.32.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. As a group, equities research analysts predict that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

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.