Fox Run Management L.L.C. Trims Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

Fox Run Management L.L.C. lowered its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 9.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,507 shares of the company’s stock after selling 701 shares during the quarter. Fox Run Management L.L.C.’s holdings in Affirm were worth $396,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AFRM. Holocene Advisors LP bought a new stake in shares of Affirm during the 3rd quarter valued at $27,872,000. Charles Schwab Investment Management Inc. raised its holdings in Affirm by 44.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,203,210 shares of the company’s stock valued at $89,935,000 after acquiring an additional 672,883 shares during the period. Bank of Montreal Can lifted its position in shares of Affirm by 269.7% in the third quarter. Bank of Montreal Can now owns 724,336 shares of the company’s stock valued at $29,814,000 after acquiring an additional 528,400 shares in the last quarter. Atreides Management LP bought a new position in shares of Affirm in the third quarter worth about $20,404,000. Finally, Quadrature Capital Ltd grew its position in shares of Affirm by 214.4% during the third 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.

Insiders Place Their Bets

In related news, Director Keith Rabois sold 16,086 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $62.32, for a total value of $1,002,479.52. Following the completion of the sale, the director now owns 93,694 shares in the company, valued at approximately $5,839,010.08. The trade was a 14.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Noel Bertram Watson sold 2,500 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $45.78, for a total value of $114,450.00. Following the transaction, the director now owns 38,997 shares in the company, valued at $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. Insiders have sold a total of 62,301 shares of company stock worth $3,920,543 over the last quarter. Company insiders own 12.41% of the company’s stock.

Affirm Stock Performance

Shares of NASDAQ:AFRM opened at $48.32 on Thursday. The company has a current ratio of 11.26, a quick ratio of 11.26 and a debt-to-equity ratio of 2.68. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $82.53. The company has a market capitalization of $15.37 billion, a price-to-earnings ratio of -74.34 and a beta of 3.63. The firm’s 50-day moving average is $60.35 and its 200 day moving average is $56.27.

Affirm (NASDAQ:AFRM) last released its earnings results on Thursday, February 6th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.44. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. Research analysts predict that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Compass Point raised Affirm from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $61.00 to $64.00 in a report on Wednesday, March 19th. Royal Bank of Canada upped their target price on shares of Affirm from $67.00 to $81.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. William Blair began coverage on shares of Affirm in a report on Wednesday, January 15th. They issued an “outperform” rating on the stock. BMO Capital Markets reissued an “outperform” rating and set a $69.00 price objective on shares of Affirm in a report on Thursday, March 20th. Finally, Barclays raised their price objective on Affirm from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Eight investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Affirm currently has a consensus rating of “Moderate Buy” and an average 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.