Aspiriant LLC Acquires Shares of 5,045 Affirm Holdings, Inc. (NASDAQ:AFRM)

Aspiriant LLC bought a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,045 shares of the company’s stock, valued at approximately $206,000.

Other large investors have also made changes to their positions in the company. Kathleen S. Wright Associates Inc. raised its holdings in Affirm by 27.6% during the 3rd quarter. Kathleen S. Wright Associates Inc. now owns 5,210 shares of the company’s stock worth $213,000 after purchasing an additional 1,128 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in shares of Affirm during the third quarter worth approximately $29,000. LifePro Asset Management acquired a new position in Affirm in the third quarter valued at approximately $2,078,000. Artemis Investment Management LLP bought a new position in Affirm in the third quarter valued at approximately $30,808,000. Finally, Myecfo LLC grew its holdings in Affirm by 5.0% during the 3rd quarter. Myecfo LLC now owns 12,260 shares of the company’s stock worth $500,000 after acquiring an additional 589 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AFRM shares. Mizuho restated an “outperform” rating and issued a $65.00 price target on shares of Affirm in a research report on Tuesday, August 27th. Morgan Stanley upgraded Affirm from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $22.00 to $37.00 in a research report on Wednesday, October 9th. The Goldman Sachs Group increased their price target on shares of Affirm from $46.00 to $54.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Wells Fargo & Company raised shares of Affirm from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $40.00 to $52.00 in a research note on Friday, October 11th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a report on Friday, September 6th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Affirm has a consensus rating of “Hold” and an average target price of $41.50.

Affirm Price Performance

NASDAQ AFRM opened at $44.54 on Friday. The firm’s 50 day moving average is $39.04 and its 200-day moving average is $33.64. The company has a quick ratio of 13.07, a current ratio of 13.07 and a debt-to-equity ratio of 2.41. The company has a market capitalization of $13.77 billion, a PE ratio of -19.97 and a beta of 3.50. Affirm Holdings, Inc. has a 12-month low of $15.97 and a 12-month high of $52.48.

Affirm (NASDAQ:AFRM) last released its earnings results on Wednesday, August 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.31. Affirm had a negative return on equity of 15.55% and a negative net margin of 22.29%. The business had revenue of $659.19 million for the quarter, compared to the consensus estimate of $599.50 million. Equities research analysts anticipate that Affirm Holdings, Inc. will post -0.82 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Christa S. Quarles sold 14,400 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $40.02, for a total value of $576,288.00. Following the sale, the director now directly owns 141,903 shares of the company’s stock, valued at approximately $5,678,958.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Katherine Adkins sold 82,316 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $45.00, for a total value of $3,704,220.00. Following the transaction, the insider now owns 91,499 shares in the company, valued at approximately $4,117,455. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christa S. Quarles sold 14,400 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $40.02, for a total transaction of $576,288.00. Following the sale, the director now owns 141,903 shares of the company’s stock, valued at $5,678,958.06. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 112,075 shares of company stock valued at $4,803,786 in the last quarter. Company insiders own 13.05% of the company’s stock.

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.