Faithward Advisors LLC Sells 13,127 Shares of Affirm Holdings, Inc. $AFRM

Faithward Advisors LLC trimmed its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 17.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,184 shares of the company’s stock after selling 13,127 shares during the quarter. Faithward Advisors LLC’s holdings in Affirm were worth $3,072,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in shares of Affirm by 2.1% during the 1st quarter. Royal Bank of Canada now owns 193,601 shares of the company’s stock valued at $8,748,000 after acquiring an additional 3,892 shares during the last quarter. Empowered Funds LLC increased its position in shares of Affirm by 90.7% in the first quarter. Empowered Funds LLC now owns 16,852 shares of the company’s stock worth $762,000 after purchasing an additional 8,014 shares during the last quarter. Focus Partners Wealth bought a new position in shares of Affirm in the first quarter worth approximately $243,000. EverSource Wealth Advisors LLC raised its stake in Affirm by 18.5% in the second quarter. EverSource Wealth Advisors LLC now owns 2,738 shares of the company’s stock valued at $189,000 after purchasing an additional 427 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in Affirm by 44.8% in the second quarter. First Trust Advisors LP now owns 191,525 shares of the company’s stock valued at $13,242,000 after purchasing an additional 59,297 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on AFRM. Zacks Research cut shares of Affirm from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. raised their price objective on shares of Affirm from $79.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. UBS Group lifted their price objective on shares of Affirm from $78.00 to $82.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. Oppenheimer reaffirmed an “outperform” rating and set a $87.00 price objective on shares of Affirm in a report on Friday, May 8th. Finally, Royal Bank Of Canada upped their target price on shares of Affirm from $77.00 to $80.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $86.20.

Affirm Stock Down 0.5%

Shares of NASDAQ AFRM opened at $71.83 on Wednesday. The stock has a market capitalization of $24.06 billion, a P/E ratio of 65.30, a PEG ratio of 4.16 and a beta of 3.70. Affirm Holdings, Inc. has a one year low of $42.10 and a one year high of $100.00. The firm’s 50 day simple moving average is $66.49 and its two-hundred day simple moving average is $62.53. The company has a debt-to-equity ratio of 2.39, a current ratio of 11.32 and a quick ratio of 11.32.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.13. Affirm had a net margin of 9.63% and a return on equity of 11.17%. The firm had revenue of $943.95 million during the quarter, compared to analyst estimates of $995.27 million. During the same period in the previous year, the business posted $0.01 EPS. The business’s quarterly revenue was up 32.7% on a year-over-year basis. As a group, analysts expect that Affirm Holdings, Inc. will post 1.25 EPS for the current fiscal year.

Insiders Place Their Bets

In other Affirm news, Director Noel Bertram Watson sold 2,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $65.00, for a total transaction of $130,000.00. Following the completion of the sale, the director directly owned 36,076 shares in the company, valued at $2,344,940. This represents a 5.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.01% of the stock is owned by corporate insiders.

Affirm Profile

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.