Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Bought by Catalyst Private Wealth LLC

Catalyst Private Wealth LLC boosted its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 4.2% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 169,035 shares of the company’s stock after acquiring an additional 6,794 shares during the quarter. Affirm accounts for approximately 3.4% of Catalyst Private Wealth LLC’s portfolio, making the stock its 5th largest position. Catalyst Private Wealth LLC’s holdings in Affirm were worth $6,900,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AFRM. ORG Wealth Partners LLC acquired a new position in shares of Affirm in the 3rd quarter valued at $29,000. Ridgewood Investments LLC acquired a new position in shares of Affirm during the 2nd quarter worth about $27,000. Allspring Global Investments Holdings LLC increased its stake in shares of Affirm by 82.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock valued at $36,000 after acquiring an additional 540 shares during the last quarter. ORG Partners LLC raised its position in shares of Affirm by 80.0% in the 2nd quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock valued at $37,000 after acquiring an additional 551 shares during the period. Finally, Plato Investment Management Ltd grew its holdings in Affirm by 255.1% during the first quarter. Plato Investment Management Ltd now owns 1,328 shares of the company’s stock valued at $49,000 after purchasing an additional 954 shares during the period. 69.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on AFRM shares. Morgan Stanley raised Affirm from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $22.00 to $37.00 in a research note on Wednesday, October 9th. Wedbush raised Affirm from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $25.00 to $45.00 in a research report on Monday, October 14th. Wells Fargo & Company upgraded Affirm from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $40.00 to $52.00 in a research report on Friday, October 11th. Bank of America raised their target price on shares of Affirm from $36.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Finally, BTIG Research upgraded Affirm from a “neutral” rating to a “buy” rating and set a $68.00 target price for the company in a report on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $43.08.

Affirm Stock Up 3.3 %

AFRM traded up $1.45 during trading on Tuesday, reaching $45.14. 2,144,617 shares of the stock were exchanged, compared to its average volume of 8,666,445. The company has a debt-to-equity ratio of 2.41, a current ratio of 13.07 and a quick ratio of 13.07. The stock’s 50 day moving average price is $42.15 and its two-hundred day moving average price is $34.44. Affirm Holdings, Inc. has a twelve month low of $20.20 and a twelve month high of $52.48.

Affirm (NASDAQ:AFRM) last issued its earnings results on Wednesday, August 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.45) by $0.31. The business had revenue of $659.19 million during the quarter, compared to the consensus estimate of $599.50 million. Affirm had a negative net margin of 22.29% and a negative return on equity of 15.55%. Equities analysts forecast that Affirm Holdings, Inc. will post -0.62 EPS for the current fiscal year.

Insider Activity

In related news, insider Katherine Adkins sold 82,316 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $45.00, for a total value of $3,704,220.00. Following the transaction, the insider now owns 91,499 shares in the company, valued at approximately $4,117,455. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Christa S. Quarles sold 14,400 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $40.02, for a total transaction of $576,288.00. Following the sale, the director now owns 141,903 shares of the company’s stock, valued at $5,678,958.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Katherine Adkins sold 82,316 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $45.00, for a total value of $3,704,220.00. Following the sale, the insider now directly owns 91,499 shares in the company, valued at approximately $4,117,455. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,800 shares of company stock valued at $4,554,288 over the last three months. Insiders own 12.41% of the company’s stock.

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.