White Lighthouse Investment Management Inc. Has $420,000 Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

White Lighthouse Investment Management Inc. lessened its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 25.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,291 shares of the company’s stock after selling 3,491 shares during the quarter. White Lighthouse Investment Management Inc.’s holdings in Affirm were worth $420,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Affirm by 6.8% in the first quarter. Vanguard Group Inc. now owns 20,823,803 shares of the company’s stock valued at $775,895,000 after buying an additional 1,316,901 shares during the period. Capital World Investors grew its stake in shares of Affirm by 0.4% during the first quarter. Capital World Investors now owns 19,079,071 shares of the company’s stock worth $710,886,000 after buying an additional 77,050 shares during the last quarter. Dragoneer Investment Group LLC acquired a new position in shares of Affirm during the second quarter worth $45,219,000. Bank of New York Mellon Corp lifted its stake in shares of Affirm by 25.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 866,946 shares of the company’s stock valued at $26,190,000 after acquiring an additional 176,675 shares during the last quarter. Finally, Artemis Investment Management LLP acquired a new stake in shares of Affirm during the 3rd quarter valued at $30,808,000. 69.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AFRM. Bank of America upped their price objective on shares of Affirm from $36.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Wells Fargo & Company upgraded Affirm from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $40.00 to $52.00 in a research note on Friday, October 11th. BTIG Research raised Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price target for the company in a research report on Tuesday, October 8th. Barclays upped their price objective on Affirm from $50.00 to $54.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Finally, Susquehanna assumed coverage on shares of Affirm in a research note on Friday, September 20th. They issued a “positive” rating and a $52.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $43.08.

Affirm Stock Up 5.9 %

AFRM stock traded up $2.71 during midday trading on Wednesday, hitting $48.31. The company’s stock had a trading volume of 2,331,077 shares, compared to its average volume of 8,655,402. Affirm Holdings, Inc. has a 12 month low of $20.20 and a 12 month high of $52.48. The firm’s 50-day moving average is $42.15 and its 200-day moving average is $34.44. The company has a market cap of $15.03 billion, a PE ratio of -27.14 and a beta of 3.47. The company has a current ratio of 13.07, a quick ratio of 13.07 and a debt-to-equity ratio of 2.41.

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

Insider Activity at Affirm

In other news, Director Christa S. Quarles sold 14,400 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $40.02, for a total value of $576,288.00. Following the transaction, the director now directly owns 141,903 shares in the company, valued at $5,678,958.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Affirm news, insider Katherine Adkins sold 82,316 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $45.00, for a total transaction of $3,704,220.00. Following the completion of the transaction, the insider now owns 91,499 shares of the company’s stock, valued at $4,117,455. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christa S. Quarles sold 14,400 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $40.02, for a total value of $576,288.00. Following the transaction, the director now owns 141,903 shares of the company’s stock, valued at approximately $5,678,958.06. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 102,800 shares of company stock worth $4,554,288. 12.41% of the stock is owned by company insiders.

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.