CW Advisors LLC Purchases New Stake in Affirm Holdings, Inc. $AFRM

CW Advisors LLC purchased a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 8,200 shares of the company’s stock, valued at approximately $567,000.

Other large investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its holdings in shares of Affirm by 12.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,633 shares of the company’s stock valued at $435,000 after acquiring an additional 1,090 shares in the last quarter. Atria Wealth Solutions Inc. raised its position in Affirm by 115.3% in the first quarter. Atria Wealth Solutions Inc. now owns 7,910 shares of the company’s stock valued at $357,000 after purchasing an additional 4,236 shares during the period. Vanguard Group Inc. lifted its stake in shares of Affirm by 6.7% during the first quarter. Vanguard Group Inc. now owns 23,272,997 shares of the company’s stock worth $1,051,707,000 after purchasing an additional 1,457,434 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Affirm by 0.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,279,218 shares of the company’s stock worth $102,998,000 after buying an additional 7,160 shares during the period. Finally, Deutsche Bank AG boosted its position in shares of Affirm by 1,130.2% in the first quarter. Deutsche Bank AG now owns 398,571 shares of the company’s stock worth $18,011,000 after buying an additional 366,171 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Wall Street Analysts Forecast Growth

AFRM has been the topic of several recent research reports. Rothschild Redb raised Affirm from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Wall Street Zen cut shares of Affirm from a “buy” rating to a “hold” rating in a research report on Saturday, November 29th. Royal Bank Of Canada decreased their target price on shares of Affirm from $97.00 to $87.00 and set a “sector perform” rating for the company in a research note on Friday, November 7th. Zacks Research downgraded shares of Affirm from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. Finally, Redburn Partners set a $101.00 price objective on shares of Affirm in a report on Monday, October 6th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $86.57.

Insider Activity

In other Affirm news, CFO Robert O’hare sold 8,189 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $70.00, for a total value of $573,230.00. Following the transaction, the chief financial officer owned 1,368 shares of the company’s stock, valued at $95,760. This trade represents a 85.69% 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, CEO Max R. Levchin sold 651,713 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $89.27, for a total value of $58,178,419.51. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 672,402 shares of company stock valued at $59,819,400. Company insiders own 11.01% of the company’s stock.

Affirm Price Performance

Shares of AFRM opened at $68.42 on Wednesday. Affirm Holdings, Inc. has a 52 week low of $30.90 and a 52 week high of $100.00. The company has a current ratio of 12.80, a quick ratio of 12.80 and a debt-to-equity ratio of 2.40. The firm has a market cap of $22.58 billion, a price-to-earnings ratio of 102.12, a PEG ratio of 3.07 and a beta of 3.57. The stock has a 50 day moving average of $71.44 and a 200-day moving average of $71.42.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.12. Affirm had a return on equity of 7.75% and a net margin of 6.74%.The firm had revenue of $933.34 million for the quarter, compared to analysts’ expectations of $881.83 million. During the same period last year, the business posted ($0.31) earnings per share. The firm’s revenue for the quarter was up 33.6% on a year-over-year basis. As a group, analysts forecast 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.