Integris Wealth Management LLC Makes New Investment in Affirm Holdings, Inc. (NASDAQ:AFRM)

Integris Wealth Management LLC bought a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) in the fourth quarter, Holdings Channel.com reports. The fund bought 12,310 shares of the company’s stock, valued at approximately $750,000.

A number of other hedge funds have also recently made changes to their positions in AFRM. R Squared Ltd purchased a new stake in Affirm in the 4th quarter valued at about $33,000. Foundations Investment Advisors LLC bought a new stake in shares of Affirm during the fourth quarter valued at approximately $247,000. KBC Group NV raised its stake in shares of Affirm by 53.2% during the fourth quarter. KBC Group NV now owns 9,698 shares of the company’s stock valued at $591,000 after acquiring an additional 3,367 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Affirm by 299.7% in the fourth quarter. Blue Trust Inc. now owns 3,118 shares of the company’s stock valued at $190,000 after purchasing an additional 2,338 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in Affirm by 356.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock worth $32,000 after purchasing an additional 410 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors.

Insider Transactions at Affirm

In related news, insider Katherine Adkins sold 200,000 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $55.05, for a total transaction of $11,010,000.00. Following the completion of the transaction, the insider now owns 93,545 shares of the company’s stock, valued at $5,149,652.25. This trade represents a 68.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Robert O’hare sold 100,938 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $55.00, for a total value of $5,551,590.00. The disclosure for this sale can be found here. Insiders sold a total of 1,323,478 shares of company stock worth $86,285,371 over the last three months. 12.41% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Mizuho lifted their target price on Affirm from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Morgan Stanley lifted their price objective on Affirm from $39.00 to $55.00 and gave the company an “equal weight” rating in a report on Tuesday. Jefferies Financial Group upgraded shares of Affirm from a “hold” rating to a “buy” rating and increased their target price for the stock from $70.00 to $82.00 in a report on Thursday, December 19th. Bank of America raised their target price on shares of Affirm from $50.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Finally, Susquehanna cut shares of Affirm from a “positive” rating to a “neutral” rating and set a $57.00 price target for the company. in a research report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $62.88.

Affirm Trading Up 5.3 %

Shares of Affirm stock opened at $62.10 on Friday. The firm’s 50 day simple moving average is $63.66 and its two-hundred day simple moving average is $47.84. Affirm Holdings, Inc. has a 12-month low of $22.25 and a 12-month high of $73.34. The company has a debt-to-equity ratio of 2.50, a quick ratio of 12.60 and a current ratio of 12.60.

Affirm (NASDAQ:AFRM) last released its earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.36) by $0.05. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. The firm had revenue of $698.48 million for the quarter, compared to the consensus estimate of $661.39 million. During the same period in the prior year, the firm earned ($0.57) EPS. As a group, analysts expect that Affirm Holdings, Inc. will post -0.62 earnings per share for the current fiscal year.

Affirm 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.