Integris Wealth Management LLC Makes New Investment in Affirm Holdings, Inc. (NASDAQ:AFRM)

Integris Wealth Management LLC purchased a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 12,310 shares of the company’s stock, valued at approximately $750,000.

Other large investors have also recently made changes to their positions in the company. Hanseatic Management Services Inc. boosted its holdings in Affirm by 12.1% in the fourth quarter. Hanseatic Management Services Inc. now owns 1,797 shares of the company’s stock worth $109,000 after purchasing an additional 194 shares during the last quarter. KBC Group NV lifted its holdings in shares of Affirm by 3.6% during the 3rd quarter. KBC Group NV now owns 6,331 shares of the company’s stock valued at $258,000 after buying an additional 222 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Affirm by 3.2% in the 3rd quarter. CIBC Asset Management Inc now owns 7,520 shares of the company’s stock worth $307,000 after buying an additional 233 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Affirm by 356.5% in 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 during the period. Finally, R Squared Ltd bought a new position in Affirm in the fourth quarter valued at about $33,000. 69.29% of the stock is currently owned by institutional investors.

Affirm Price Performance

Shares of Affirm stock opened at $62.10 on Friday. The stock has a 50 day moving average of $63.66 and a 200 day moving average of $47.84. 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 12 month low of $22.25 and a 12 month high of $73.34.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.05. The firm had revenue of $698.48 million during the quarter, compared to analyst estimates of $661.39 million. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.57%. During the same period last year, the firm posted ($0.57) earnings per share. As a group, equities analysts expect that Affirm Holdings, Inc. will post -0.62 EPS for the current fiscal year.

Insider Transactions at Affirm

In other news, Director Keith Rabois sold 16,086 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $62.32, for a total transaction of $1,002,479.52. Following the transaction, the director now owns 93,694 shares of the company’s stock, valued at approximately $5,839,010.08. The trade was a 14.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Michael Linford sold 400,000 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $68.99, for a total value of $27,596,000.00. Following the sale, the chief operating officer now owns 85,420 shares in the company, valued at $5,893,125.80. The trade was a 82.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,323,478 shares of company stock worth $86,285,371 in the last three months. Insiders own 12.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on AFRM shares. Deutsche Bank Aktiengesellschaft boosted their price target on Affirm from $45.00 to $75.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Compass Point upgraded shares of Affirm from a “sell” rating to a “neutral” rating and increased their price target for the stock from $20.00 to $61.00 in a research report on Tuesday. The Goldman Sachs Group boosted their price objective on shares of Affirm from $57.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Wedbush raised Affirm from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $25.00 to $45.00 in a report on Monday, October 14th. Finally, Susquehanna lowered Affirm from a “positive” rating to a “neutral” rating and set a $57.00 price target for the company. in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Affirm presently 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.