Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Sold by Brooklyn Investment Group

Brooklyn Investment Group decreased its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 28.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,382 shares of the company’s stock after selling 540 shares during the quarter. Brooklyn Investment Group’s holdings in Affirm were worth $84,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the business. KBC Group NV raised its position in shares of Affirm by 3.6% in the 3rd quarter. KBC Group NV now owns 6,331 shares of the company’s stock valued at $258,000 after purchasing an additional 222 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Affirm by 3.2% in the third quarter. CIBC Asset Management Inc now owns 7,520 shares of the company’s stock valued at $307,000 after acquiring an additional 233 shares in the last quarter. Versant Capital Management Inc boosted its stake in Affirm by 20.8% during the 4th quarter. Versant Capital Management Inc now owns 3,405 shares of the company’s stock valued at $207,000 after acquiring an additional 586 shares during the last quarter. Myecfo LLC grew its holdings in Affirm by 5.0% during the 3rd quarter. Myecfo LLC now owns 12,260 shares of the company’s stock worth $500,000 after acquiring an additional 589 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Affirm by 168.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after purchasing an additional 671 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Price Performance

Shares of NASDAQ AFRM opened at $57.99 on Monday. The firm’s 50-day simple moving average is $64.00 and its 200 day simple moving average is $46.29. The stock has a market cap of $18.21 billion, a P/E ratio of -40.84 and a beta of 3.67. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $73.34.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on AFRM. Jefferies Financial Group raised shares of Affirm from a “hold” rating to a “buy” rating and increased their price target for the stock from $70.00 to $82.00 in a research report on Thursday, December 19th. Susquehanna boosted their price target on Affirm from $52.00 to $57.00 and gave the company a “positive” rating in a report on Friday, November 8th. Barclays raised their price objective on Affirm from $64.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Wedbush upgraded shares of Affirm from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $25.00 to $45.00 in a research note on Monday, October 14th. Finally, Mizuho raised their price target on shares of Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $61.88.

Insider Activity

In related news, CFO Robert O’hare sold 100,938 shares of Affirm stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $55.00, for a total transaction of $5,551,590.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Katherine Adkins sold 200,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $55.05, for a total transaction of $11,010,000.00. Following the completion of the sale, the insider now owns 93,545 shares in the company, valued at approximately $5,149,652.25. This trade represents a 68.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,323,478 shares of company stock worth $86,285,371. 12.41% of the stock is 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.