West Michigan Advisors LLC Purchases Shares of 4,280 Affirm Holdings, Inc. (NASDAQ:AFRM)

West Michigan Advisors LLC acquired a new position in Affirm Holdings, Inc. (NASDAQ:AFRM) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,280 shares of the company’s stock, valued at approximately $261,000.

Other large investors have also recently made changes to their positions in the company. Spyglass Capital Management LLC raised its stake in Affirm by 9.3% during the 3rd quarter. Spyglass Capital Management LLC now owns 2,348,095 shares of the company’s stock worth $95,849,000 after acquiring an additional 200,449 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Affirm by 44.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,203,210 shares of the company’s stock valued at $89,935,000 after purchasing an additional 672,883 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Affirm by 0.6% during the 4th quarter. Bank of New York Mellon Corp now owns 885,097 shares of the company’s stock valued at $53,902,000 after buying an additional 5,169 shares in the last quarter. Artemis Investment Management LLP boosted its holdings in Affirm by 2.1% in the 4th quarter. Artemis Investment Management LLP now owns 770,245 shares of the company’s stock worth $46,908,000 after buying an additional 15,517 shares during the period. Finally, Bank of Montreal Can increased its stake in Affirm by 269.7% in the 3rd quarter. Bank of Montreal Can now owns 724,336 shares of the company’s stock worth $29,814,000 after buying an additional 528,400 shares in the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Affirm

In other news, Director Christa S. Quarles sold 5,000 shares of Affirm stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $80.00, for a total transaction of $400,000.00. Following the completion of the sale, the director now owns 137,325 shares of the company’s stock, valued at approximately $10,986,000. The trade was a 3.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Libor Michalek sold 6,629 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $72.08, for a total value of $477,818.32. Following the completion of the transaction, the president now directly owns 160,601 shares in the company, valued at approximately $11,576,120.08. This trade represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 576,264 shares of company stock worth $39,820,791 in the last quarter. 12.41% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on AFRM shares. JMP Securities boosted their price objective on Affirm from $78.00 to $85.00 and gave the company a “market outperform” rating in a research report on Friday, February 7th. Bank of America boosted their price target on Affirm from $50.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Citizens Jmp raised shares of Affirm from a “hold” rating to a “strong-buy” rating in a report on Friday, December 20th. Compass Point raised shares of Affirm from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $20.00 to $61.00 in a report on Tuesday, January 28th. Finally, The Goldman Sachs Group raised their target price on shares of Affirm from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Nine equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $70.24.

Affirm Trading Up 4.0 %

Shares of AFRM opened at $64.15 on Friday. The company’s fifty day simple moving average is $64.32 and its 200-day simple moving average is $54.24. The company has a market cap of $20.40 billion, a P/E ratio of -98.69 and a beta of 3.66. The company has a current ratio of 11.26, a quick ratio of 11.26 and a debt-to-equity ratio of 2.68. Affirm Holdings, Inc. has a twelve month low of $22.25 and a twelve month high of $82.53.

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

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.