Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC increased its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 29.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,422 shares of the company’s stock after buying an additional 325 shares during the quarter. Venturi Wealth Management LLC’s holdings in Affirm were worth $87,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Geneos Wealth Management Inc. boosted its holdings in Affirm by 356.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock valued at $32,000 after purchasing an additional 410 shares during the last quarter. R Squared Ltd acquired a new stake in Affirm during the fourth quarter worth about $33,000. Advisors Asset Management Inc. raised its position in Affirm by 168.2% during the third quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock valued at $44,000 after acquiring an additional 671 shares in the last quarter. Valley National Advisers Inc. acquired a new position in Affirm in the fourth quarter valued at approximately $61,000. Finally, Bogart Wealth LLC purchased a new stake in Affirm in the 4th quarter worth approximately $61,000. 69.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AFRM. Wells Fargo & Company increased their price target on shares of Affirm from $70.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Bank of America raised their target price on Affirm from $50.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. The Goldman Sachs Group lifted their price target on Affirm from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Susquehanna downgraded Affirm from a “positive” rating to a “neutral” rating and set a $57.00 price target on the stock. in a research report on Tuesday, January 21st. Finally, Barclays boosted their price objective on Affirm from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Affirm has an average rating of “Moderate Buy” and an average price target of $70.24.

Insider Activity at Affirm

In related news, Director Christa S. Quarles sold 5,000 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $80.00, for a total transaction of $400,000.00. Following the transaction, the director now owns 137,325 shares of the company’s stock, valued at approximately $10,986,000. This represents a 3.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert O’hare sold 13,965 shares of Affirm stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $68.57, for a total value of $957,580.05. Following the completion of the transaction, the chief financial officer now directly owns 668 shares of the company’s stock, valued at approximately $45,804.76. This represents a 95.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 579,111 shares of company stock worth $40,020,081. Insiders own 12.41% of the company’s stock.

Affirm Price Performance

AFRM stock opened at $68.55 on Monday. Affirm Holdings, Inc. has a 52-week low of $22.25 and a 52-week high of $82.53. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68. The stock has a market cap of $21.80 billion, a price-to-earnings ratio of -105.46 and a beta of 3.66. The business has a fifty day moving average of $64.62 and a two-hundred day moving average of $53.08.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, February 6th. The company reported $0.23 EPS for the quarter, beating 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, research analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Affirm Company Profile

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.