Hemington Wealth Management Makes New $274,000 Investment in Affirm Holdings, Inc. (NASDAQ:AFRM)

Hemington Wealth Management purchased a new position in Affirm Holdings, Inc. (NASDAQ:AFRM) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,586 shares of the company’s stock, valued at approximately $274,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AFRM. Planned Solutions Inc. purchased a new position in shares of Affirm during the 4th quarter valued at approximately $25,000. Covestor Ltd bought a new position in Affirm during the first quarter worth $30,000. Creative Financial Designs Inc. ADV lifted its stake in Affirm by 82.2% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 665 shares of the company’s stock worth $33,000 after purchasing an additional 300 shares during the last quarter. American International Group Inc. bought a new position in Affirm during the second quarter worth $33,000. Finally, MetLife Investment Management LLC lifted its stake in Affirm by 23.1% during the fourth quarter. MetLife Investment Management LLC now owns 4,496 shares of the company’s stock worth $43,000 after purchasing an additional 845 shares during the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Affirm Stock Up 2.6 %

NASDAQ AFRM traded up $0.88 during trading on Tuesday, reaching $34.99. 2,939,479 shares of the company’s stock were exchanged, compared to its average volume of 10,139,053. Affirm Holdings, Inc. has a fifty-two week low of $8.80 and a fifty-two week high of $52.48. The firm has a market capitalization of $10.74 billion, a PE ratio of -13.81 and a beta of 3.58. The company has a current ratio of 11.49, a quick ratio of 11.49 and a debt-to-equity ratio of 2.35. The company’s fifty day simple moving average is $38.03 and its 200-day simple moving average is $33.95.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, February 8th. The company reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.08. Affirm had a negative return on equity of 25.10% and a negative net margin of 39.19%. The company had revenue of $591.11 million during the quarter, compared to the consensus estimate of $523.92 million. Sell-side analysts predict that Affirm Holdings, Inc. will post -2.45 EPS for the current year.

Insider Transactions at Affirm

In other news, Director Keith Rabois sold 9,276 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $34.39, for a total transaction of $319,001.64. Following the completion of the sale, the director now directly owns 78,552 shares of the company’s stock, valued at approximately $2,701,403.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 13.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AFRM. Stephens raised their price target on Affirm from $6.00 to $16.00 and gave the company an “underweight” rating in a report on Friday, February 9th. Truist Financial raised their target price on Affirm from $33.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, December 15th. Deutsche Bank Aktiengesellschaft raised their target price on Affirm from $24.00 to $35.00 and gave the company a “hold” rating in a research note on Friday, February 9th. The Goldman Sachs Group raised their target price on Affirm from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Finally, BMO Capital Markets raised their target price on Affirm from $44.00 to $47.00 and gave the company a “market perform” rating in a research note on Monday, February 12th. Six investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $26.97.

Affirm 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.