Janus Henderson Group PLC Sells 1,166 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Janus Henderson Group PLC decreased its position in Affirm Holdings, Inc. (NASDAQ:AFRM) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 109,116 shares of the company’s stock after selling 1,166 shares during the quarter. Janus Henderson Group PLC’s holdings in Affirm were worth $6,641,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Integris Wealth Management LLC bought a new position in Affirm in the fourth quarter worth $750,000. Truist Financial Corp bought a new position in Affirm in the fourth quarter worth $212,000. Essex Financial Services Inc. bought a new position in Affirm in the fourth quarter worth $244,000. Diversify Advisory Services LLC raised its holdings in Affirm by 8.7% in the fourth quarter. Diversify Advisory Services LLC now owns 116,743 shares of the company’s stock worth $7,110,000 after purchasing an additional 9,364 shares in the last quarter. Finally, Ballentine Partners LLC bought a new position in Affirm in the fourth quarter worth $249,000. Institutional investors own 69.29% of the company’s stock.

Insiders Place Their Bets

In other news, Director Keith Rabois sold 16,088 shares of Affirm stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $45.41, for a total transaction of $730,556.08. Following the transaction, the director now directly owns 45,432 shares of the company’s stock, valued at $2,063,067.12. The trade was a 26.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Noel Bertram Watson sold 2,500 shares of Affirm stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $45.78, for a total value of $114,450.00. Following the transaction, the director now directly owns 38,997 shares in the company, valued at approximately $1,785,282.66. The trade was a 6.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,765 shares of company stock valued at $2,694,694. Insiders own 12.41% of the company’s stock.

Affirm Trading Up 1.6%

Shares of NASDAQ:AFRM opened at $52.57 on Friday. The stock has a market capitalization of $16.72 billion, a price-to-earnings ratio of -80.88 and a beta of 3.66. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26. The stock’s 50-day simple moving average is $46.66 and its two-hundred day simple moving average is $57.09. Affirm Holdings, Inc. has a 52-week low of $22.25 and a 52-week high of $82.53.

Affirm (NASDAQ:AFRM) last announced its earnings results on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.10. The business had revenue of $783.14 million for the quarter, compared to analysts’ expectations of $782.98 million. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. The business’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same period last year, the firm posted ($0.43) earnings per share. Analysts expect that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AFRM shares. Compass Point upgraded Affirm from a “neutral” rating to a “buy” rating and raised their price target for the company from $61.00 to $64.00 in a report on Wednesday, March 19th. Bank of America raised their price target on Affirm from $76.00 to $80.00 and gave the company a “buy” rating in a report on Friday, May 9th. Barclays raised their price target on Affirm from $45.00 to $53.00 and gave the company an “overweight” rating in a report on Monday, May 12th. Royal Bank of Canada raised their price target on Affirm from $67.00 to $81.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. Finally, Evercore ISI started coverage on Affirm in a report on Wednesday, April 9th. They set an “outperform” rating and a $50.00 price target for the company. Seven research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Affirm currently has a consensus rating of “Moderate Buy” and an average price target of $65.05.

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.