WealthTrak Capital Management LLC Invests $68,000 in Affirm Holdings, Inc. (NASDAQ:AFRM)

WealthTrak Capital Management LLC bought a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 1,110 shares of the company’s stock, valued at approximately $68,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AFRM. Advisors Asset Management Inc. grew its stake in Affirm by 168.2% during the third quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after buying an additional 671 shares during the period. Bank of Montreal Can lifted its holdings in shares of 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 acquiring an additional 528,400 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Affirm by 6.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 54,782 shares of the company’s stock worth $2,236,000 after purchasing an additional 3,194 shares during the period. Brooklyn Investment Group purchased a new position in Affirm in the third quarter valued at about $78,000. Finally, Townsquare Capital LLC lifted its stake in shares of Affirm by 26.3% during the third quarter. Townsquare Capital LLC now owns 108,451 shares of the company’s stock worth $4,427,000 after purchasing an additional 22,583 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Insider Activity

In other Affirm news, Director Noel Bertram Watson sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $45.78, for a total value of $114,450.00. Following the completion of the sale, the director now directly owns 38,997 shares in the company, valued at $1,785,282.66. This represents a 6.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Keith Rabois sold 16,086 shares of Affirm stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $62.32, for a total value of $1,002,479.52. Following the transaction, the director now owns 93,694 shares in the company, valued at approximately $5,839,010.08. This trade represents a 14.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,301 shares of company stock valued at $3,920,543. Company insiders own 12.41% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on AFRM shares. BMO Capital Markets reiterated an “outperform” rating and issued a $69.00 price target on shares of Affirm in a research note on Thursday, March 20th. Compass Point raised shares of Affirm from a “neutral” rating to a “buy” rating and upped their price target for the company from $61.00 to $64.00 in a report on Wednesday, March 19th. Jefferies Financial Group raised shares of Affirm from a “hold” rating to a “buy” rating and raised their price objective for the stock from $70.00 to $82.00 in a report on Thursday, December 19th. JPMorgan Chase & Co. increased their price target on shares of Affirm from $56.00 to $74.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Finally, Morgan Stanley lifted their target price on Affirm from $39.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 28th. Eight investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Affirm presently has an average rating of “Moderate Buy” and a consensus price target of $69.76.

Affirm Trading Down 2.5 %

Affirm stock opened at $46.20 on Friday. The firm has a 50-day moving average price of $59.90 and a two-hundred day moving average price of $56.26. Affirm Holdings, Inc. has a 52-week low of $22.25 and a 52-week high of $82.53. The firm has a market capitalization of $14.69 billion, a price-to-earnings ratio of -71.08 and a beta of 3.63. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68.

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

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.