Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Sold by Myecfo LLC

Myecfo LLC cut its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 2.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 12,005 shares of the company’s stock after selling 255 shares during the period. Myecfo LLC’s holdings in Affirm were worth $731,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Bank of Montreal Can raised its holdings in Affirm by 2,305.3% in the second quarter. Bank of Montreal Can now owns 195,936 shares of the company’s stock valued at $6,466,000 after buying an additional 187,790 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in shares of Affirm in the third quarter worth $1,419,000. Quest Partners LLC purchased a new position in shares of Affirm in the 3rd quarter valued at $391,000. International Assets Investment Management LLC purchased a new stake in Affirm during the 3rd quarter worth $731,000. Finally, Entropy Technologies LP acquired a new stake in Affirm in the 3rd quarter valued at $464,000. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Affirm

In related news, CFO Robert O’hare sold 100,938 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $55.00, for a total value of $5,551,590.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Katherine Adkins sold 200,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $55.05, for a total transaction of $11,010,000.00. Following the transaction, the insider now directly owns 93,545 shares in the company, valued at approximately $5,149,652.25. The trade was a 68.13 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,323,478 shares of company stock worth $86,285,371. Company insiders own 12.41% of the company’s stock.

Affirm Price Performance

AFRM opened at $54.69 on Tuesday. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50. The company’s 50-day moving average price is $63.22 and its 200 day moving average price is $45.51. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $73.34. The firm has a market cap of $17.18 billion, a price-to-earnings ratio of -38.51 and a beta of 3.67.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.05. The company had revenue of $698.48 million for the quarter, compared to analysts’ expectations of $661.39 million. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. During the same period last year, the business posted ($0.57) earnings per share. As a group, sell-side analysts expect that Affirm Holdings, Inc. will post -0.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Affirm from $45.00 to $75.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Jefferies Financial Group raised Affirm from a “hold” rating to a “buy” rating and boosted their price target for the stock from $70.00 to $82.00 in a research report on Thursday, December 19th. BTIG Research raised shares of Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Tuesday, October 8th. JMP Securities raised shares of Affirm from a “market perform” rating to an “outperform” rating and set a $78.00 target price on the stock in a research report on Friday, December 20th. Finally, Wedbush upgraded shares of Affirm from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $25.00 to $45.00 in a report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $60.94.

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.