AtonRa Partners Has $680,000 Stock Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

AtonRa Partners trimmed its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 23.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,830 shares of the company’s stock after selling 4,347 shares during the period. Affirm makes up about 1.4% of AtonRa Partners’ holdings, making the stock its 15th biggest position. AtonRa Partners’ holdings in Affirm were worth $680,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of AFRM. Harbor Capital Advisors Inc. lifted its position in Affirm by 44.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 150,621 shares of the company’s stock worth $3,204,000 after buying an additional 46,509 shares in the last quarter. Kathleen S. Wright Associates Inc. raised its holdings in shares of Affirm by 46.4% during the third quarter. Kathleen S. Wright Associates Inc. now owns 8,387 shares of the company’s stock worth $178,000 after acquiring an additional 2,660 shares in the last quarter. Raymond James & Associates grew its stake in Affirm by 9.2% in the third quarter. Raymond James & Associates now owns 21,218 shares of the company’s stock valued at $451,000 after purchasing an additional 1,781 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Affirm by 25.0% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 277,843 shares of the company’s stock worth $5,910,000 after purchasing an additional 55,568 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Affirm by 3.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 754,950 shares of the company’s stock worth $16,058,000 after purchasing an additional 23,268 shares in the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AFRM has been the subject of several recent research reports. Stephens boosted their price target on Affirm from $6.00 to $16.00 and gave the company an “underweight” rating in a research note on Friday, February 9th. Royal Bank of Canada boosted their target price on shares of Affirm from $26.00 to $50.00 and gave the stock a “sector perform” rating in a research report on Friday, February 9th. BMO Capital Markets raised their price target on shares of Affirm from $44.00 to $47.00 and gave the company a “market perform” rating in a report on Monday, February 12th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Affirm from $24.00 to $35.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Finally, Needham & Company LLC restated a “hold” rating on shares of Affirm in a report on Tuesday, April 23rd. Six investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Affirm currently has a consensus rating of “Hold” and an average target price of $27.86.

Insider Activity

In related news, Director Keith Rabois sold 9,276 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $34.39, for a total value of $319,001.64. Following the sale, the director now owns 78,552 shares of the company’s stock, valued at approximately $2,701,403.28. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 13.05% of the company’s stock.

Affirm Stock Performance

AFRM traded up $0.09 during trading on Monday, reaching $33.42. 3,132,614 shares of the company’s stock were exchanged, compared to its average volume of 9,295,290. The company has a market capitalization of $10.26 billion, a P/E ratio of -13.42 and a beta of 3.58. The company has a quick ratio of 11.49, a current ratio of 11.49 and a debt-to-equity ratio of 2.35. The business has a 50 day moving average price of $35.14 and a 200 day moving average price of $35.32. Affirm Holdings, Inc. has a fifty-two week low of $8.80 and a fifty-two week high of $52.48.

Affirm (NASDAQ:AFRM) last issued its earnings results on Thursday, February 8th. The company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.08. Affirm had a negative net margin of 39.19% and a negative return on equity of 25.10%. The business had revenue of $591.11 million for the quarter, compared to analyst estimates of $523.92 million. As a group, analysts predict that Affirm Holdings, Inc. will post -2.45 earnings per share 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.