Affirm Holdings, Inc. (NASDAQ:AFRM) Position Lowered by Sacks David O

Sacks David O trimmed its holdings in Affirm Holdings, Inc. (NASDAQ:AFRMFree Report) by 10.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 676,482 shares of the company’s stock after selling 75,164 shares during the quarter. Affirm comprises approximately 72.7% of Sacks David O’s portfolio, making the stock its biggest position. Sacks David O owned approximately 0.23% of Affirm worth $14,389,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Signaturefd LLC raised its position in Affirm by 9.0% in the third quarter. Signaturefd LLC now owns 6,382 shares of the company’s stock worth $136,000 after acquiring an additional 528 shares in the last quarter. Covestor Ltd purchased a new position in Affirm in the first quarter worth $30,000. Parallel Advisors LLC raised its position in Affirm by 36.4% in the second quarter. Parallel Advisors LLC now owns 2,943 shares of the company’s stock worth $45,000 after acquiring an additional 786 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Affirm by 3.2% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 26,655 shares of the company’s stock worth $567,000 after acquiring an additional 829 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in Affirm by 3.4% in the third quarter. Oppenheimer Asset Management Inc. now owns 25,533 shares of the company’s stock worth $543,000 after acquiring an additional 839 shares in the last quarter. 59.69% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Affirm

In other news, major shareholder Private Ltd Gic sold 2,906,591 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $40.02, for a total value of $116,321,771.82. Following the transaction, the insider now directly owns 1,592,923 shares in the company, valued at approximately $63,748,778.46. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, major shareholder Private Ltd Gic sold 2,906,591 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $40.02, for a total transaction of $116,321,771.82. Following the sale, the insider now directly owns 1,592,923 shares in the company, valued at approximately $63,748,778.46. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Michael Linford sold 65,000 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $52.00, for a total value of $3,380,000.00. Following the sale, the chief financial officer now owns 99,063 shares in the company, valued at $5,151,276. The disclosure for this sale can be found here. Insiders have sold a total of 3,036,591 shares of company stock worth $122,951,772 in the last three months. 13.05% of the stock is currently owned by company insiders.

Affirm Trading Down 11.5 %

NASDAQ AFRM traded down $5.67 during trading hours on Friday, hitting $43.55. 34,872,254 shares of the company’s stock were exchanged, compared to its average volume of 14,182,508. The business’s 50 day moving average is $43.56 and its 200-day moving average is $28.38. The firm has a market capitalization of $13.14 billion, a P/E ratio of -14.18 and a beta of 3.72. The company has a debt-to-equity ratio of 2.19, a quick ratio of 13.25 and a current ratio of 13.25. Affirm Holdings, Inc. has a 12-month low of $8.80 and a 12-month high of $52.48.

Affirm (NASDAQ:AFRMGet Free Report) last released its quarterly earnings data on Wednesday, November 8th. The company reported ($0.57) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.65). The firm had revenue of $496.55 million during the quarter, compared to analysts’ expectations of $444.48 million. Affirm had a negative return on equity of 35.74% and a negative net margin of 52.58%. The business’s revenue for the quarter was up 37.3% compared to the same quarter last year. During the same quarter last year, the business earned ($0.86) earnings per share. As a group, analysts anticipate that Affirm Holdings, Inc. will post -0.69 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on AFRM shares. Morgan Stanley cut Affirm from an “equal weight” rating to an “underweight” rating and increased their price objective for the stock from $15.00 to $20.00 in a research report on Monday, December 18th. Deutsche Bank Aktiengesellschaft upped their target price on Affirm from $24.00 to $35.00 and gave the company a “hold” rating in a report on Friday. The Goldman Sachs Group upped their target price on Affirm from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Friday. BMO Capital Markets assumed coverage on Affirm in a report on Wednesday, January 10th. They issued a “market perform” rating and a $44.00 target price on the stock. Finally, Compass Point lowered Affirm from a “neutral” rating to a “sell” rating and set a $13.00 target price on the stock. in a report on Wednesday, October 25th. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Affirm has a consensus rating of “Hold” and an average target price of $25.93.

Check Out Our Latest Analysis on Affirm

Affirm Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Affirm (NASDAQ:AFRM)

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