7,837 Affirm Holdings, Inc. $AFRM Shares Acquired by Simplicity Wealth LLC

Simplicity Wealth LLC lifted its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 107.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 15,134 shares of the company’s stock after acquiring an additional 7,837 shares during the period. Simplicity Wealth LLC’s holdings in Affirm were worth $1,048,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Syntegra Private Wealth Group LLC acquired a new stake in shares of Affirm in the first quarter worth $28,000. Reyes Financial Architecture Inc. purchased a new position in shares of Affirm during the third quarter worth $31,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Affirm during the first quarter valued at $34,000. Ascentis Independent Advisors acquired a new position in Affirm during the first quarter valued at $41,000. Finally, Mather Group LLC. lifted its position in Affirm by 52.9% during the third quarter. Mather Group LLC. now owns 613 shares of the company’s stock valued at $42,000 after purchasing an additional 212 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Price Performance

Affirm stock opened at $72.68 on Wednesday. The stock has a market capitalization of $24.52 billion, a PE ratio of 13.17 and a beta of 3.82. Affirm Holdings, Inc. has a 12 month low of $42.10 and a 12 month high of $90.44. The business has a 50 day simple moving average of $73.17 and a 200-day simple moving average of $66.68.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings results on Thursday, August 27th. The company reported $4.62 EPS for the quarter, topping the consensus estimate of $0.35 by $4.27. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Affirm’s revenue was up 33.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.20 EPS. On average, equities research analysts anticipate that Affirm Holdings, Inc. will post 1.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AFRM has been the topic of a number of recent research reports. Oppenheimer upped their target price on Affirm from $100.00 to $104.00 and gave the stock an “outperform” rating in a research note on Friday, August 28th. Robert W. Baird raised their target price on Affirm from $70.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. TD Cowen reduced their price target on Affirm from $124.00 to $110.00 and set a “buy” rating for the company in a research report on Tuesday, October 6th. Barclays lifted their price target on Affirm from $97.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, August 28th. Finally, Zacks Research downgraded Affirm from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Twenty-five investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $97.41.

Insider Activity at Affirm

In related news, insider Katherine Adkins sold 41,664 shares of Affirm stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $75.53, for a total value of $3,146,881.92. Following the sale, the insider directly owned 152,439 shares in the company, valued at approximately $11,513,717.67. The trade was a 21.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Siphelele Jiyane sold 26,980 shares of Affirm stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $72.19, for a total value of $1,947,686.20. Following the completion of the sale, the chief accounting officer owned 188,711 shares in the company, valued at approximately $13,623,047.09. The trade was a 12.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 280,118 shares of company stock worth $22,223,307 over the last three months. Company insiders own 11.01% of the company’s stock.

Affirm Profile

Affirm Holdings, Inc (NASDAQ: AFRM) operates a financial technology platform that provides consumers with flexible payment options at the point of sale. Its services allow shoppers to split eligible purchases into scheduled installments, with terms and costs disclosed before a transaction is completed.

Affirm’s platform is available through online and mobile checkout experiences, as well as through the Affirm app. Its product offerings include buy now, pay later financing, the Affirm Card, and savings products.