LMR Partners LLP Lowers Stock Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

LMR Partners LLP reduced its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 36.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 41,399 shares of the company’s stock after selling 23,334 shares during the period. LMR Partners LLP’s holdings in Affirm were worth $2,521,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new stake in Affirm during the 4th quarter valued at approximately $28,000. Geneos Wealth Management Inc. raised its stake in Affirm by 356.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock valued at $32,000 after purchasing an additional 410 shares during the period. R Squared Ltd bought a new stake in Affirm during the 4th quarter valued at approximately $33,000. Coppell Advisory Solutions LLC bought a new stake in Affirm during the 4th quarter valued at approximately $40,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Affirm during the 4th quarter valued at approximately $43,000. 69.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on AFRM shares. Bank of America lifted their target price on Affirm from $76.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Wells Fargo & Company decreased their target price on Affirm from $85.00 to $67.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 9th. JPMorgan Chase & Co. decreased their target price on Affirm from $74.00 to $69.00 and set an “overweight” rating on the stock in a research note on Friday, May 9th. Needham & Company LLC reissued a “hold” rating on shares of Affirm in a research note on Friday, February 7th. Finally, The Goldman Sachs Group lifted their price objective on Affirm from $45.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.05.

Affirm Price Performance

Shares of Affirm stock opened at $53.94 on Wednesday. The stock has a market cap of $17.16 billion, a price-to-earnings ratio of -82.98 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 has a 50 day moving average price of $46.34 and a 200-day moving average price of $56.88. Affirm Holdings, Inc. has a one year low of $22.25 and a one year high of $82.53.

Affirm (NASDAQ:AFRM) last announced its earnings results on Thursday, May 8th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.10. The firm had revenue of $783.14 million during 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 company’s quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.43) EPS. Equities analysts expect that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Insider Transactions at Affirm

In other Affirm news, Director Keith Rabois sold 16,088 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $45.41, for a total value of $730,556.08. Following the transaction, the director now owns 45,432 shares of the company’s stock, valued at $2,063,067.12. This represents a 26.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Noel Bertram Watson sold 2,500 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $45.78, for a total value of $114,450.00. Following the completion of the transaction, the director now directly owns 38,997 shares in the company, valued at $1,785,282.66. This trade represents a 6.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,765 shares of company stock worth $3,094,694. 12.41% of the stock is currently owned by company insiders.

Affirm Company 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.