34,758 Shares in Affirm Holdings, Inc. (NASDAQ:AFRM) Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. acquired a new position in Affirm Holdings, Inc. (NASDAQ:AFRM) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 34,758 shares of the company’s stock, valued at approximately $1,419,000.

A number of other large investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC increased its stake in Affirm by 82.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock valued at $36,000 after buying an additional 540 shares during the period. ORG Partners LLC increased its stake in Affirm by 80.0% during the 2nd quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock valued at $37,000 after buying an additional 551 shares during the period. Myecfo LLC increased its stake in Affirm by 5.0% during the 3rd quarter. Myecfo LLC now owns 12,260 shares of the company’s stock valued at $500,000 after buying an additional 589 shares during the period. Commonwealth Equity Services LLC increased its stake in Affirm by 5.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 12,548 shares of the company’s stock valued at $379,000 after buying an additional 680 shares during the period. Finally, ORG Wealth Partners LLC acquired a new position in Affirm during the 3rd quarter valued at about $29,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on AFRM. Susquehanna raised their target price on shares of Affirm from $52.00 to $57.00 and gave the company a “positive” rating in a research note on Friday, November 8th. The Goldman Sachs Group raised their price objective on shares of Affirm from $46.00 to $54.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Barclays raised their price objective on shares of Affirm from $54.00 to $64.00 and gave the company an “overweight” rating in a research report on Monday. Bank of America raised their price objective on shares of Affirm from $36.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $46.00 price objective on shares of Affirm in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Affirm presently has an average rating of “Hold” and an average price target of $46.62.

Affirm Trading Up 10.5 %

Affirm stock opened at $62.06 on Tuesday. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $62.88. The company’s fifty day simple moving average is $44.96 and its 200-day simple moving average is $35.90. The stock has a market cap of $19.49 billion, a P/E ratio of -43.70 and a beta of 3.47.

Affirm (NASDAQ:AFRM) last issued its earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, topping the consensus estimate of ($0.36) by $0.05. The company had revenue of $698.48 million for the quarter, compared to analyst estimates of $661.39 million. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. During the same period in the prior year, the firm posted ($0.57) EPS. As a group, sell-side analysts forecast that Affirm Holdings, Inc. will post -0.53 EPS for the current fiscal year.

Insider Buying and Selling at Affirm

In other Affirm news, insider Katherine Adkins sold 200,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $55.05, for a total transaction of $11,010,000.00. Following the transaction, the insider now directly owns 93,545 shares in the company, valued at $5,149,652.25. This trade represents a 68.13 % decrease in their ownership of the stock. 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 100,938 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $55.00, for a total value of $5,551,590.00. The disclosure for this sale can be found here. Insiders sold 403,738 shares of company stock worth $21,115,878 over the last ninety days. 12.41% of the stock is currently owned by insiders.

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.