Atika Capital Management LLC Takes $4.95 Million Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Atika Capital Management LLC purchased a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 81,300 shares of the company’s stock, valued at approximately $4,951,000.

A number of other large investors have also modified their holdings of AFRM. Nordea Investment Management AB acquired a new stake in shares of Affirm in the fourth quarter valued at approximately $6,380,000. Jacobs Levy Equity Management Inc. acquired a new stake in Affirm in the 3rd quarter valued at approximately $414,000. Integris Wealth Management LLC bought a new stake in Affirm during the 4th quarter valued at $750,000. Worldquant Millennium Advisors LLC acquired a new position in Affirm during the 3rd quarter worth $2,106,000. Finally, Quantinno Capital Management LP grew its stake in shares of Affirm by 77.5% in the third quarter. Quantinno Capital Management LP now owns 90,169 shares of the company’s stock worth $3,681,000 after purchasing an additional 39,381 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Trading Down 8.1 %

NASDAQ:AFRM opened at $35.75 on Friday. The stock has a market cap of $11.37 billion, a PE ratio of -55.00 and a beta of 3.68. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $82.53. The company has a debt-to-equity ratio of 2.68, a current ratio of 11.26 and a quick ratio of 11.26. The stock’s 50-day moving average is $58.49 and its two-hundred day moving average is $56.39.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, beating 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%. As a group, equities research analysts forecast that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Seaport Res Ptn raised shares of Affirm to a “hold” rating in a report on Monday, March 24th. UBS Group increased their price objective on shares of Affirm from $46.00 to $62.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Royal Bank of Canada raised their price objective on shares of Affirm from $67.00 to $81.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft upped their target price on Affirm from $45.00 to $75.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Finally, JMP Securities lifted their price target on Affirm from $78.00 to $85.00 and gave the company a “market outperform” rating in a research report on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.76.

Insider Activity at Affirm

In other Affirm news, Director Noel Bertram Watson sold 2,500 shares of Affirm stock in a transaction that occurred 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 sale, the director now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Keith Rabois sold 16,088 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $63.97, for a total transaction of $1,029,149.36. Following the transaction, the director now owns 61,520 shares in the company, valued at approximately $3,935,434.40. This trade represents a 20.73 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,762 shares of company stock valued at $3,241,246. Insiders own 12.41% of the company’s stock.

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.