Prestige Wealth Management Group LLC Purchases 332 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Prestige Wealth Management Group LLC grew its position in Affirm Holdings, Inc. (NASDAQ:AFRM) by 78.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 757 shares of the company’s stock after acquiring an additional 332 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in Affirm were worth $46,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. increased its stake 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 acquiring an additional 410 shares during the period. R Squared Ltd bought a new stake in shares of Affirm in the 4th quarter valued at approximately $33,000. Advisors Asset Management Inc. raised its holdings in shares of Affirm by 168.2% in the 3rd 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. Creative Financial Designs Inc. ADV lifted its position in shares of Affirm by 640.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 740 shares of the company’s stock worth $45,000 after buying an additional 640 shares during the period. Finally, Valley National Advisers Inc. bought a new position in shares of Affirm during the 4th quarter worth approximately $61,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Price Performance

Shares of AFRM stock opened at $50.93 on Wednesday. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $82.53. The firm has a market cap of $16.20 billion, a price-to-earnings ratio of -78.35 and a beta of 3.63. The stock has a 50-day moving average price of $60.54 and a 200 day moving average price of $56.32.

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

Insider Activity

In related news, Director Keith Rabois sold 16,088 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $63.97, for a total transaction of $1,029,149.36. Following the completion of the transaction, the director now owns 61,520 shares in the company, valued at approximately $3,935,434.40. The trade was a 20.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Noel Bertram Watson sold 2,500 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $45.78, for a total transaction of $114,450.00. Following the completion of the sale, the director now owns 38,997 shares in the company, valued at approximately $1,785,282.66. This trade represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 62,301 shares of company stock valued at $3,920,543 in the last 90 days. 12.41% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AFRM. Citizens Jmp upgraded Affirm from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 20th. 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 research report on Thursday, December 19th. Needham & Company LLC restated a “hold” rating on shares of Affirm in a research report on Friday, February 7th. JPMorgan Chase & Co. upped their price objective on shares of Affirm from $56.00 to $74.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Finally, The Goldman Sachs Group dropped their price objective on shares of Affirm from $90.00 to $56.00 and set a “buy” rating for the company in a report on Tuesday, March 18th. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Affirm currently has an average rating of “Moderate Buy” and an average target price of $69.76.

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.