Frank Rimerman Advisors LLC Buys Shares of 3,691 Affirm Holdings, Inc. (NASDAQ:AFRM)

Frank Rimerman Advisors LLC bought a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,691 shares of the company’s stock, valued at approximately $225,000.

Several other large investors have also recently bought and sold shares of AFRM. Holocene Advisors LP acquired a new position in Affirm during the 3rd quarter valued at about $27,872,000. Charles Schwab Investment Management Inc. increased its stake in Affirm by 44.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,203,210 shares of the company’s stock valued at $89,935,000 after buying an additional 672,883 shares during the period. Bank of Montreal Can increased its stake in Affirm by 269.7% during the 3rd quarter. Bank of Montreal Can now owns 724,336 shares of the company’s stock valued at $29,814,000 after buying an additional 528,400 shares during the period. Atreides Management LP acquired a new position in Affirm during the 3rd quarter valued at about $20,404,000. Finally, Quadrature Capital Ltd increased its stake in Affirm by 214.4% during the 3rd quarter. Quadrature Capital Ltd now owns 485,431 shares of the company’s stock valued at $19,820,000 after buying an additional 331,042 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group raised shares of Affirm from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $70.00 to $82.00 in a research note on Thursday, December 19th. Susquehanna cut shares of Affirm from a “positive” rating to a “neutral” rating and set a $57.00 price objective on the stock. in a research note on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Affirm from $45.00 to $75.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Morgan Stanley lifted their price objective on shares of Affirm from $39.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 28th. Finally, Compass Point raised shares of Affirm from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $20.00 to $61.00 in a research note on Tuesday, January 28th. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $70.24.

Insiders Place Their Bets

In other news, CFO Robert O’hare sold 6,541 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $62.28, for a total value of $407,373.48. Following the completion of the sale, the chief financial officer now directly owns 2,963 shares in the company, valued at approximately $184,535.64. The trade was a 68.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Keith Rabois sold 16,088 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $63.97, for a total transaction of $1,029,149.36. Following the completion of the sale, the director now owns 61,520 shares of the company’s stock, valued at $3,935,434.40. The trade was a 20.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 59,801 shares of company stock valued at $3,806,093 over the last ninety days. Corporate insiders own 12.41% of the company’s stock.

Affirm Stock Performance

Shares of AFRM opened at $47.96 on Tuesday. The company’s 50 day moving average price is $61.57 and its 200 day moving average price is $56.01. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $82.53. The company has a market capitalization of $15.25 billion, a PE ratio of -73.78 and a beta of 3.63. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. Research analysts expect that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal 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.