Oppenheimer Asset Management Inc. Sells 11,058 Shares of Affirm Holdings, Inc. $AFRM

Oppenheimer Asset Management Inc. decreased its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 47.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,169 shares of the company’s stock after selling 11,058 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Affirm were worth $889,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Royal Bank of Canada lifted its holdings in shares of Affirm by 2.1% during the 1st quarter. Royal Bank of Canada now owns 193,601 shares of the company’s stock valued at $8,748,000 after purchasing an additional 3,892 shares during the last quarter. Empowered Funds LLC increased its position in Affirm by 90.7% during the 1st quarter. Empowered Funds LLC now owns 16,852 shares of the company’s stock valued at $762,000 after buying an additional 8,014 shares in the last quarter. Focus Partners Wealth purchased a new stake in Affirm in the first quarter valued at about $243,000. Yousif Capital Management LLC acquired a new stake in Affirm in the second quarter worth about $213,000. Finally, Atria Wealth Solutions Inc. grew its stake in shares of Affirm by 33.2% during the second quarter. Atria Wealth Solutions Inc. now owns 10,538 shares of the company’s stock worth $729,000 after acquiring an additional 2,628 shares during the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.

Affirm Trading Up 0.1%

NASDAQ AFRM opened at $49.81 on Friday. Affirm Holdings, Inc. has a 1 year low of $30.90 and a 1 year high of $100.00. The company has a debt-to-equity ratio of 2.58, a current ratio of 11.41 and a quick ratio of 11.41. The company has a market capitalization of $16.59 billion, a PE ratio of 61.49, a P/E/G ratio of 1.86 and a beta of 3.56. The company has a fifty day moving average of $70.16 and a 200 day moving average of $73.81.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.09. Affirm had a return on equity of 8.83% and a net margin of 7.60%.The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the business posted $0.23 EPS. The company’s revenue was up 29.6% on a year-over-year basis. Research analysts forecast that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Insider Buying and Selling

In other Affirm news, CEO Max R. Levchin sold 666,666 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $80.62, for a total value of $53,746,612.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Robert O’hare sold 36,401 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $80.00, for a total transaction of $2,912,080.00. Following the sale, the chief financial officer directly owned 1,368 shares in the company, valued at $109,440. The trade was a 96.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 711,256 shares of company stock valued at $57,231,923 over the last three months. 11.01% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AFRM. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $85.00 price objective on shares of Affirm in a research report on Monday, February 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Affirm in a report on Monday, December 29th. Truist Financial dropped their price objective on shares of Affirm from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, November 19th. Mizuho reduced their target price on Affirm from $114.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday, February 9th. Finally, Morgan Stanley upgraded Affirm from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $83.00 to $76.00 in a research note on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $86.67.

About Affirm

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.