Skip to Content

Ellevest Inc. invests in Affirm Holdings, Inc. by purchasing 11,544 shares (NASDAQ:AFRM)

Ellevest Inc. invests in Affirm Holdings, Inc. by purchasing 11,544 shares (NASDAQ:AFRM)

According to the most recent quarterly report that Ellevest Inc. was required to file with the Securities and Exchange Commission (SEC), the company increased its holdings in Affirm Holdings, Inc. (NASDAQ: AFRM) by 11.7% during the third quarter (SEC). The institutional investor has increased the total number of shares they own in the company by 109,818 since the end of the previous quarter, bringing the total number of shares they own to 109,818. The most recent disclosure that Ellevest Inc. made to the SEC indicated that the value of its holdings in Affirm was $2,060,000 at the time of the disclosure.

As a result of recent occurrences, a sizeable number of additional institutional investors and hedge funds have shifted their positions about the stock. During the third quarter, US Bancorp DE increased the amount of Affirm stock owned by 2.007 percent, bringing its total ownership percentage to 4.007. US Bancorp DE now has a total of 1,433 shares in the company, which are worth a combined total of $27,000 after purchasing an additional 1,365 shares during the most recent quarter. US Bancorp DE purchased these shares. Covestor Ltd. acquired a new stake in Affirm at an approximate cost of thirty thousand dollars during the first three months of the year. The American International Group, Inc. spent approximately $33,000 in total expenses to acquire a new position in Affirm during the second quarter of the fiscal year. Twin Lakes Capital Management LLC increased its holdings in Affirm during the third quarter by purchasing additional shares for approximately $34,000. This was done to diversify the company’s holdings. And finally, during the second quarter of this year, Kathleen S. Wright Associates Inc. grew its Affirm holdings by 48.8 percent. During the period covered by this report, Kathleen S. Wright Associates Inc. increased its holdings in the company’s stock by purchasing an additional 635 shares, bringing the total number of shares it has bought to 1,936, with a market value of $35,000. Institutions currently hold over 67.49% of the company’s total stock shares.

According to reports from other Affirm-related news outlets, Affirm director Keith Rabois sold 17,287 shares of the company’s stock on Tuesday, November 1. This brings the total to 346 431 dollars. The total value of the transacted stock was 48, and each share sold for an average of 20.04 dollars. As a result of the sale, the director now owns 86,434 shares of the company, and the total value of these shares comes to approximately $1,732,137.36. If you follow the link, which will take you to a legal file submitted to the SEC, you will have the opportunity to acquire additional information regarding the transaction. Insiders of the company sold 51,861 shares for a total of $751,812 over the past three months and ninety days. This constitutes 12.11 percent of the total number of shares that are currently outstanding.

During the past few years, several equity research analysts have penned papers focusing on the AFRM stock. In a research note published on November 9, Jefferies Financial Group announced that they would be lowering their price target on Affirm from $15.00 to $12.00. The previous price target was set at $15.00. The price objective that Stephens placed on Affirm has been reduced from $18.00 to $15.00, and the stock has been given an “underweight” rating in a research note published on November 9. Affirm no longer has an “overweight” rating at Morgan Stanley, and the investment bank has decreased its price target for the company from $52.00 to $46,000. These two alterations were first brought to light in a research note distributed on December 8. DA Davidson stated in a report dated November 10 that they have decreased their price estimate for Affirm from $50.00 to $32.00. The report was dated November 10. Piper Sandler lowered their price target for Affirm in a report published on Thursday, December 15. The new price target is $16.00, down from $22.00.

Additionally, the company provided a rating of “neutral” for the company’s stock at the time. Various financial analysts have provided the following suggestions about the stock: a rating of three out of nine to sell the stock, nine out of seven to hold the stock, and seven out of nine to buy the stock. The information found on Bloomberg.com indicates that the stock is currently rated as having an average recommendation of “Hold,” and its target price is $26.79 per share.

The price of AFRM increased by $0.42 during the trading session on Tuesday, reaching $13.30. The total number of shares bought and sold was 260,867, significantly lower than the company’s typical trading volume of 13,019,085. Affirm Holdings, Inc. has traded at a price as low as $8.62 over the past year, while it has reached a price as high as $83.57 throughout the same period. The debt-to-equity ratio is 1.68, the current ratio is 11.41, and the quick ratio is also 11.41. All three ratios total 11.41. The company’s stock has been trading at an average price of $11.88 over the past 50 days and $19.73 over the last 200 days.

On November 8, the most recent earnings report for Affirm, previously traded on the NASDAQ stock market under the ticker symbol AFRM, was made public. The company reported earnings per share (EPS) for the quarter of $0.86, which was $0.04 less than the estimate floating around the internet, which was $0.82. According to various estimates provided by analysts, the current quarter’s revenue could come anywhere from $360.72 million to $361.62 million. Affirm has a negative return on equity of 25.51%, as well as a net margin that is negative by 45.24%. According to the consensus among equity research analysts, Affirm Holdings, Inc. is expected to report a loss in earnings of -3.5 cents per share for the current fiscal year.

Affirm Holdings, Inc. is a digital and mobile-first commerce platform located in several countries worldwide, including the United States of America and Canada. All three components of the company’s platform—a consumer-focused app, merchant commerce solutions, and a consumer point-of-sale payment system—provide service to individual clients and are included on the platform. Because of its commerce platform, partnerships with originator banks, and partners in the capital markets, customers can pay for a pr

Tags

Leave a comment

Your email address will not be published. Required fields are marked *