West Michigan Advisors LLC Makes New $261,000 Investment in Affirm Holdings, Inc. (NASDAQ:AFRM)

West Michigan Advisors LLC purchased a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) during the fourth quarter, Holdings Channel reports. The firm purchased 4,280 shares of the company’s stock, valued at approximately $261,000.

A number of other institutional investors have also modified their holdings of the company. Geneos Wealth Management Inc. lifted its position in Affirm by 356.5% during 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 last quarter. R Squared Ltd purchased a new stake in shares of Affirm during the 4th quarter valued at $33,000. Advisors Asset Management Inc. boosted its position 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 purchasing an additional 671 shares in the last quarter. Venturi Wealth Management LLC grew its stake in Affirm by 200.5% during the 3rd 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 last quarter. Finally, Valley National Advisers Inc. acquired a new position in Affirm during the 4th quarter valued at about $61,000. 69.29% of the stock is currently owned by institutional investors.

Affirm Trading Up 4.0 %

Affirm stock opened at $64.15 on Friday. The firm has a market cap of $20.40 billion, a PE ratio of -98.69 and a beta of 3.66. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $82.53. The stock’s 50 day simple moving average is $64.32 and its two-hundred day simple moving average is $54.24. The company has a current ratio of 11.26, a quick ratio of 11.26 and a debt-to-equity ratio of 2.68.

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

Wall Street Analyst Weigh In

AFRM has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price target on Affirm from $56.00 to $74.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. UBS Group lifted their target price on shares of Affirm from $46.00 to $62.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. JMP Securities upped their price target on shares of Affirm from $78.00 to $85.00 and gave the company a “market outperform” rating in a research note on Friday, February 7th. Jefferies Financial Group upgraded shares of Affirm from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $70.00 to $82.00 in a research note on Thursday, December 19th. Finally, Wells Fargo & Company upped their target price on Affirm from $70.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Nine research analysts have rated the stock with 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.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $70.24.

Insider Activity

In other news, Director Keith Rabois sold 16,086 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $60.12, for a total transaction of $967,090.32. Following the completion of the transaction, the director now directly owns 77,608 shares of the company’s stock, valued at $4,665,792.96. This represents a 17.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Christa S. Quarles sold 5,000 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $80.00, for a total value of $400,000.00. Following the transaction, the director now owns 137,325 shares in the company, valued at $10,986,000. This trade represents a 3.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 576,264 shares of company stock worth $39,820,791 in the last ninety days. Company 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.