Catalyst Private Wealth LLC Has $9.41 Million Holdings in Affirm Holdings, Inc. $AFRM

Catalyst Private Wealth LLC trimmed its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 5.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,745 shares of the company’s stock after selling 7,331 shares during the period. Affirm comprises about 4.1% of Catalyst Private Wealth LLC’s portfolio, making the stock its 5th largest position. Catalyst Private Wealth LLC’s holdings in Affirm were worth $9,409,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of AFRM. Farther Finance Advisors LLC lifted its position in shares of Affirm by 15.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,300 shares of the company’s stock worth $90,000 after purchasing an additional 175 shares during the period. GAMMA Investing LLC raised its stake in Affirm by 4.4% in the third quarter. GAMMA Investing LLC now owns 4,850 shares of the company’s stock worth $354,000 after buying an additional 206 shares in the last quarter. Allworth Financial LP lifted its holdings in Affirm by 41.9% during the second quarter. Allworth Financial LP now owns 799 shares of the company’s stock worth $55,000 after buying an additional 236 shares during the period. UMB Bank n.a. boosted its position in Affirm by 86.6% during the 2nd quarter. UMB Bank n.a. now owns 569 shares of the company’s stock valued at $39,000 after acquiring an additional 264 shares in the last quarter. Finally, SouthState Corp increased its holdings in shares of Affirm by 190.5% in the 2nd quarter. SouthState Corp now owns 427 shares of the company’s stock valued at $30,000 after acquiring an additional 280 shares during the period. Institutional investors own 69.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Morgan Stanley dropped their price objective on Affirm from $90.00 to $83.00 and set an “equal weight” rating on the stock in a research report on Friday, November 7th. Weiss Ratings restated a “hold (c-)” rating on shares of Affirm in a report on Monday. JPMorgan Chase & Co. lifted their price objective on shares of Affirm from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 29th. The Goldman Sachs Group decreased their target price on shares of Affirm from $105.00 to $94.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Finally, Citigroup raised shares of Affirm to a “strong-buy” rating in a report on Thursday, October 23rd. Three analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $86.57.

Affirm Stock Up 11.8%

AFRM stock opened at $73.39 on Wednesday. The stock has a market capitalization of $24.22 billion, a PE ratio of 109.54, a price-to-earnings-growth ratio of 2.96 and a beta of 3.57. Affirm Holdings, Inc. has a 52 week low of $30.90 and a 52 week high of $100.00. The company has a quick ratio of 12.80, a current ratio of 12.80 and a debt-to-equity ratio of 2.40. The firm has a 50 day moving average of $70.78 and a 200 day moving average of $72.07.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.12. The business had revenue of $933.34 million during the quarter, compared to analysts’ expectations of $881.83 million. Affirm had a net margin of 6.74% and a return on equity of 7.75%. The business’s quarterly revenue was up 33.6% on a year-over-year basis. During the same quarter last year, the company posted ($0.31) earnings per share. Sell-side analysts forecast that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Insider Transactions at Affirm

In related news, CEO Max R. Levchin sold 651,713 shares of Affirm stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $89.27, for a total transaction of $58,178,419.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert O’hare sold 8,189 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $70.00, for a total value of $573,230.00. Following the completion of the sale, the chief financial officer owned 1,368 shares in the company, valued at approximately $95,760. This represents a 85.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 11.01% 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.