Jefferies Financial Group Inc. Sells 85,129 Shares of Affirm Holdings, Inc. $AFRM

Jefferies Financial Group Inc. decreased its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 49.7% in the fourth quarter, Holdings Channel reports. The fund owned 86,140 shares of the company’s stock after selling 85,129 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Affirm were worth $6,411,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Assetmark Inc. raised its position in Affirm by 111.3% in the 3rd quarter. Assetmark Inc. now owns 338 shares of the company’s stock worth $25,000 after purchasing an additional 178 shares during the period. Triumph Capital Management purchased a new position in shares of Affirm during the third quarter worth approximately $31,000. CoreCap Advisors LLC increased its position in shares of Affirm by 431.3% during the fourth quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock worth $33,000 after acquiring an additional 358 shares during the period. Larson Financial Group LLC increased its position in shares of Affirm by 74.5% during the third quarter. Larson Financial Group LLC now owns 499 shares of the company’s stock worth $36,000 after acquiring an additional 213 shares during the period. Finally, Bogart Wealth LLC boosted its stake in shares of Affirm by 2,381.0% during the fourth quarter. Bogart Wealth LLC now owns 521 shares of the company’s stock valued at $39,000 after purchasing an additional 500 shares in the last quarter. Institutional investors own 69.29% of the company’s stock.

Affirm Stock Performance

NASDAQ:AFRM opened at $65.22 on Tuesday. Affirm Holdings, Inc. has a 12 month low of $42.10 and a 12 month high of $100.00. The firm has a fifty day simple moving average of $56.55 and a 200-day simple moving average of $62.51. The company has a current ratio of 11.32, a quick ratio of 11.32 and a debt-to-equity ratio of 2.39. The company has a market capitalization of $21.84 billion, a P/E ratio of 59.29, a PEG ratio of 3.88 and a beta of 3.72.

Affirm (NASDAQ:AFRM) last issued its earnings results on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.13. Affirm had a net margin of 9.63% and a return on equity of 11.17%. The firm had revenue of $943.95 million during the quarter, compared to analysts’ expectations of $995.27 million. During the same quarter last year, the company posted $0.01 earnings per share. The firm’s revenue was up 32.7% compared to the same quarter last year. On average, equities research analysts anticipate that Affirm Holdings, Inc. will post 1.23 earnings per share for the current year.

Insiders Place Their Bets

In other Affirm news, Director Noel Bertram Watson sold 2,000 shares of Affirm stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $65.00, for a total value of $130,000.00. Following the completion of the transaction, the director owned 36,076 shares of the company’s stock, valued at approximately $2,344,940. The trade was a 5.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 11.01% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AFRM. Stephens increased their target price on Affirm from $55.00 to $75.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Bank of America lifted their price target on Affirm from $82.00 to $88.00 and gave the company a “buy” rating in a report on Monday, May 11th. Susquehanna reiterated a “positive” rating and issued a $100.00 price target on shares of Affirm in a report on Friday, February 6th. Citizens Jmp cut their price target on Affirm from $105.00 to $85.00 and set a “market outperform” rating on the stock in a report on Friday, April 17th. Finally, Needham & Company LLC lifted their price target on Affirm from $85.00 to $90.00 and gave the company a “buy” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.00.

Affirm Company Profile

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.