White Lighthouse Investment Management Inc. Purchases Shares of 12,035 Affirm Holdings, Inc. (NASDAQ:AFRM)

White Lighthouse Investment Management Inc. bought a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRMFree Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 12,035 shares of the company’s stock, valued at approximately $591,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Affirm by 1.2% during the third quarter. Vanguard Group Inc. now owns 18,737,059 shares of the company’s stock worth $398,537,000 after acquiring an additional 213,421 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Affirm by 14.1% during the second quarter. Price T Rowe Associates Inc. MD now owns 11,350,295 shares of the company’s stock worth $204,987,000 after acquiring an additional 1,404,278 shares in the last quarter. BlackRock Inc. increased its position in shares of Affirm by 4.9% during the third quarter. BlackRock Inc. now owns 8,877,070 shares of the company’s stock worth $166,533,000 after acquiring an additional 415,059 shares in the last quarter. State Street Corp increased its position in shares of Affirm by 9.8% during the third quarter. State Street Corp now owns 3,920,885 shares of the company’s stock worth $73,556,000 after acquiring an additional 349,071 shares in the last quarter. Finally, Spyglass Capital Management LLC increased its position in shares of Affirm by 6.9% during the fourth quarter. Spyglass Capital Management LLC now owns 3,351,631 shares of the company’s stock worth $32,410,000 after acquiring an additional 216,504 shares in the last quarter. 69.29% of the stock is owned by institutional investors.

Insider Buying and Selling at Affirm

In other news, Director Keith Rabois sold 9,276 shares of Affirm stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $34.39, for a total value of $319,001.64. Following the transaction, the director now directly owns 78,552 shares in the company, valued at approximately $2,701,403.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 13.05% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AFRM shares. Stephens upped their price objective on shares of Affirm from $6.00 to $16.00 and gave the stock an “underweight” rating in a research report on Friday, February 9th. Morgan Stanley downgraded shares of Affirm from an “equal weight” rating to an “underweight” rating and upped their price objective for the stock from $15.00 to $20.00 in a research report on Monday, December 18th. Wedbush reaffirmed an “underperform” rating and issued a $20.00 price objective on shares of Affirm in a research report on Friday, February 9th. Truist Financial upped their price target on shares of Affirm from $33.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, December 15th. Finally, BMO Capital Markets upped their target price on shares of Affirm from $44.00 to $47.00 and gave the stock a “market perform” rating in a report on Monday, February 12th. Six research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Affirm has a consensus rating of “Hold” and an average target price of $26.97.

Read Our Latest Analysis on AFRM

Affirm Stock Performance

Shares of AFRM stock traded down $0.21 during trading hours on Wednesday, reaching $33.88. The company had a trading volume of 2,332,612 shares, compared to its average volume of 10,479,177. The business has a fifty day moving average price of $38.71 and a 200-day moving average price of $33.67. Affirm Holdings, Inc. has a one year low of $8.80 and a one year high of $52.48. The firm has a market cap of $10.40 billion, a PE ratio of -13.69 and a beta of 3.57. The company has a debt-to-equity ratio of 2.35, a quick ratio of 11.49 and a current ratio of 11.49.

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

About Affirm

(Free Report)

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.

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Institutional Ownership by Quarter for Affirm (NASDAQ:AFRM)

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