Gladstone Institutional Advisory LLC Makes New $1.76 Million Investment in Affirm Holdings, Inc. (NASDAQ:AFRM)

Gladstone Institutional Advisory LLC acquired a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 28,971 shares of the company’s stock, valued at approximately $1,764,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of AFRM. Essex Financial Services Inc. purchased a new position in Affirm during the 4th quarter valued at about $244,000. Summit Trail Advisors LLC grew its position in shares of Affirm by 57.4% in the 4th quarter. Summit Trail Advisors LLC now owns 9,979 shares of the company’s stock worth $608,000 after buying an additional 3,641 shares during the last quarter. Savant Capital LLC purchased a new position in shares of Affirm during the fourth quarter valued at approximately $985,000. Entropy Technologies LP raised its holdings in shares of Affirm by 73.9% during the fourth quarter. Entropy Technologies LP now owns 19,765 shares of the company’s stock valued at $1,204,000 after acquiring an additional 8,401 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in Affirm in the fourth quarter worth $538,000. 69.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of Affirm from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday. Mizuho increased their price target on shares of Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. UBS Group lifted their price objective on Affirm from $46.00 to $62.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Wells Fargo & Company increased their target price on Affirm from $70.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. lifted their price target on Affirm from $56.00 to $74.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Affirm has a consensus rating of “Moderate Buy” and a consensus price target of $70.24.

Insiders Place Their Bets

In related news, Director Keith Rabois sold 16,086 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $68.98, for a total transaction of $1,109,612.28. Following the completion of the sale, the director now owns 109,780 shares in the company, valued at approximately $7,572,624.40. This trade represents a 12.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Robert O’hare sold 6,541 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $62.28, for a total value of $407,373.48. Following the completion of the transaction, the chief financial officer now directly owns 2,963 shares in the company, valued at approximately $184,535.64. This represents a 68.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,038,626 shares of company stock worth $70,690,871. Corporate insiders own 12.41% of the company’s stock.

Affirm Trading Down 3.0 %

Shares of NASDAQ AFRM opened at $75.66 on Thursday. The firm’s 50 day moving average price is $63.49 and its 200-day moving average price is $50.37. Affirm Holdings, Inc. has a 52-week low of $22.25 and a 52-week high of $79.67. The company has a debt-to-equity ratio of 2.50, a quick ratio of 12.60 and a current ratio of 12.60. The company has a market cap of $23.76 billion, a PE ratio of -116.40 and a beta of 3.66.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.44. Affirm had a negative return on equity of 7.29% and a negative net margin of 7.10%. On average, equities research analysts expect that Affirm Holdings, Inc. will post -0.59 EPS 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.