Savant Capital LLC Purchases New Shares in Affirm Holdings, Inc. (NASDAQ:AFRM)

Savant Capital LLC acquired a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 16,180 shares of the company’s stock, valued at approximately $985,000.

A number of other institutional investors also recently bought and sold shares of the business. Aspiriant LLC purchased a new position in shares of Affirm during the third quarter worth about $206,000. Friedenthal Financial purchased a new position in shares of Affirm in the 3rd quarter valued at approximately $721,000. Raymond James & Associates increased its holdings in shares of Affirm by 27.9% in the third quarter. Raymond James & Associates now owns 88,988 shares of the company’s stock valued at $3,632,000 after purchasing an additional 19,394 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of Affirm by 16.4% during the third quarter. Sequoia Financial Advisors LLC now owns 11,825 shares of the company’s stock worth $483,000 after purchasing an additional 1,666 shares during the last quarter. Finally, Waldron Private Wealth LLC acquired a new stake in shares of Affirm during the third quarter worth $209,000. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Affirm Price Performance

Shares of NASDAQ:AFRM opened at $80.69 on Friday. The company has a debt-to-equity ratio of 2.50, a quick ratio of 12.60 and a current ratio of 12.60. The business’s fifty day moving average price is $63.89 and its two-hundred day moving average price is $50.95. The stock has a market cap of $25.34 billion, a PE ratio of -124.14 and a beta of 3.66. Affirm Holdings, Inc. has a one year low of $22.25 and a one year high of $80.72.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.44. Affirm had a negative return on equity of 7.29% and a negative net margin of 7.10%. On average, analysts forecast that Affirm Holdings, Inc. will post -0.59 EPS for the current fiscal year.

Insider Activity

In other Affirm news, President Libor Michalek sold 77,105 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $64.08, for a total value of $4,940,888.40. Following the completion of the transaction, the president now directly owns 159,449 shares in the company, valued at approximately $10,217,491.92. The trade was a 32.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Michael Linford sold 400,000 shares of Affirm stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $68.99, for a total value of $27,596,000.00. Following the completion of the sale, the chief operating officer now directly owns 85,420 shares of the company’s stock, valued at approximately $5,893,125.80. This represents a 82.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,038,626 shares of company stock valued at $70,690,871 over the last 90 days. Insiders own 12.41% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AFRM. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Affirm from $45.00 to $75.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Citizens Jmp upgraded shares of Affirm from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 20th. Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a research report on Friday, February 7th. Barclays raised their price target on Affirm from $75.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, February 10th. Finally, Susquehanna lowered Affirm from a “positive” rating to a “neutral” rating and set a $57.00 price objective on the stock. in a report on Tuesday, January 21st. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Affirm presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.24.

About Affirm

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.