Signaturefd LLC Trims Stock Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Signaturefd LLC lowered its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 15.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,407 shares of the company’s stock after selling 975 shares during the quarter. Signaturefd LLC’s holdings in Affirm were worth $266,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AFRM. JPMorgan Chase & Co. restated a “neutral” rating on shares of Affirm in a report on Tuesday. Stephens lifted their target price on Affirm from $6.00 to $16.00 and gave the company an “underweight” rating in a report on Friday, February 9th. Deutsche Bank Aktiengesellschaft upped their price target on Affirm from $24.00 to $35.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Barclays reduced their price objective on Affirm from $50.00 to $41.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 16th. Finally, 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. Six equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $27.86.

Affirm Stock Up 5.3 %

Shares of NASDAQ AFRM opened at $33.33 on Friday. The firm has a market cap of $10.23 billion, a price-to-earnings ratio of -13.39 and a beta of 3.57. Affirm Holdings, Inc. has a 1 year low of $8.80 and a 1 year high of $52.48. The company has a debt-to-equity ratio of 2.35, a quick ratio of 11.49 and a current ratio of 11.49. The stock’s 50-day simple moving average is $35.24 and its 200-day simple moving average is $35.00.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Thursday, February 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.08. Affirm had a negative return on equity of 25.10% and a negative net margin of 39.19%. The company had revenue of $591.11 million for the quarter, compared to the consensus estimate of $523.92 million. As a group, equities analysts anticipate that Affirm Holdings, Inc. will post -2.45 earnings per share for the current fiscal year.

Insider Activity at Affirm

In other Affirm news, Director Keith Rabois sold 9,276 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $34.39, for a total transaction of $319,001.64. Following the completion of the transaction, the director now directly owns 78,552 shares of the company’s stock, valued at approximately $2,701,403.28. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 13.05% of the stock is currently owned by corporate insiders.

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.