C M Bidwell & Associates Ltd. Invests $202,000 in Affirm Holdings, Inc. (NASDAQ:AFRM)

C M Bidwell & Associates Ltd. bought a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,312 shares of the company’s stock, valued at approximately $202,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Affirm in the fourth quarter valued at $139,949,000. Vanguard Group Inc. raised its position in shares of Affirm by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 21,815,563 shares of the company’s stock worth $1,328,568,000 after purchasing an additional 716,574 shares during the period. Holocene Advisors LP purchased a new stake in shares of Affirm during the third quarter valued at $27,872,000. Atreides Management LP acquired a new position in shares of Affirm in the 3rd quarter valued at $20,404,000. Finally, Quadrature Capital Ltd increased its stake in Affirm by 214.4% in the 3rd quarter. Quadrature Capital Ltd now owns 485,431 shares of the company’s stock worth $19,820,000 after purchasing an additional 331,042 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors.

Insider Activity

In other Affirm news, Director Keith Rabois sold 16,086 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $62.32, for a total value of $1,002,479.52. Following the sale, the director now directly owns 93,694 shares in the company, valued at $5,839,010.08. This trade represents a 14.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Christa S. Quarles sold 5,000 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $80.00, for a total transaction of $400,000.00. Following the transaction, the director now directly owns 137,325 shares of the company’s stock, valued at $10,986,000. This represents a 3.51 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,301 shares of company stock valued at $3,920,543. 12.41% of the stock is owned by insiders.

Affirm Stock Down 2.5 %

AFRM opened at $46.20 on Monday. The firm has a market cap of $14.69 billion, a P/E ratio of -71.08 and a beta of 3.63. 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 business has a 50 day moving average price of $59.90 and a 200 day moving average price of $56.51. Affirm Holdings, Inc. has a twelve month low of $22.25 and a twelve month high of $82.53.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. Research analysts forecast that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Wall Street Analyst Weigh In

AFRM has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised their target price on shares of Affirm from $45.00 to $75.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Barclays raised their price objective on shares of Affirm from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Citizens Jmp raised shares of Affirm from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 20th. Seaport Res Ptn upgraded Affirm to a “hold” rating in a research report on Monday, March 24th. Finally, William Blair initiated coverage on shares of Affirm in a research note on Wednesday, January 15th. They set an “outperform” rating for the company. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $69.76.

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.