9,612 Shares in Affirm Holdings, Inc. (NASDAQ:AFRM) Bought by TriaGen Wealth Management LLC

TriaGen Wealth Management LLC acquired a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 9,612 shares of the company’s stock, valued at approximately $585,000.

A number of other large investors also recently bought and sold shares of the company. ORG Wealth Partners LLC acquired a new stake in Affirm in the third quarter valued at $29,000. Geneos Wealth Management Inc. increased its holdings in shares of Affirm by 356.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock valued at $32,000 after purchasing an additional 410 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Affirm in the fourth quarter valued at about $33,000. Advisors Asset Management Inc. boosted its holdings in Affirm by 168.2% during the third quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after buying an additional 671 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its position in Affirm by 200.5% during the third quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock worth $45,000 after buying an additional 732 shares during the period. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AFRM shares. The Goldman Sachs Group boosted their price target on Affirm from $57.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. BTIG Research raised Affirm from a “neutral” rating to a “buy” rating and set a $68.00 target price on the stock in a report on Tuesday, October 8th. Needham & Company LLC restated a “hold” rating on shares of Affirm in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Affirm from $56.00 to $74.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Finally, William Blair initiated coverage on shares of Affirm in a report on Wednesday, January 15th. They set an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Affirm presently has an average rating of “Moderate Buy” and an average price target of $62.88.

Affirm Stock Down 1.7 %

Shares of NASDAQ:AFRM opened at $61.07 on Friday. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50. The firm has a market cap of $19.18 billion, a price-to-earnings ratio of -43.01 and a beta of 3.67. The stock’s 50-day moving average price is $63.55 and its two-hundred day moving average price is $48.04. Affirm Holdings, Inc. has a 12-month low of $22.25 and a 12-month high of $73.34.

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

Insider Buying and Selling

In other Affirm news, Director Noel Bertram Watson sold 2,500 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $72.05, for a total transaction of $180,125.00. Following the transaction, the director now owns 41,497 shares in the company, valued at $2,989,858.85. The trade was a 5.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Robert O’hare sold 100,938 shares of the company’s 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. In the last ninety days, insiders have sold 1,323,478 shares of company stock valued at $86,285,371. 12.41% of the stock is currently owned by company insiders.

About Affirm

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.