Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Sold by Maverick Capital Ltd.

Maverick Capital Ltd. cut its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 10.1% in the second quarter, HoldingsChannel.com reports. The fund owned 17,869 shares of the company’s stock after selling 2,017 shares during the period. Maverick Capital Ltd.’s holdings in Affirm were worth $540,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AFRM. Dragoneer Investment Group LLC acquired a new position in shares of Affirm during the 2nd quarter worth about $45,219,000. AQR Capital Management LLC boosted its stake in Affirm by 2.5% during the 2nd quarter. AQR Capital Management LLC now owns 29,135 shares of the company’s stock worth $880,000 after purchasing an additional 722 shares during the last quarter. Alpha DNA Investment Management LLC purchased a new stake in shares of Affirm during the second quarter worth $415,000. Bank of Montreal Can raised its position in shares of 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 last quarter. Finally, Sei Investments Co. lifted its stake in shares of Affirm by 33.2% in the second quarter. Sei Investments Co. now owns 54,993 shares of the company’s stock worth $1,661,000 after buying an additional 13,698 shares in the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Christa S. Quarles sold 14,400 shares of Affirm stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $40.02, for a total value of $576,288.00. Following the completion of the transaction, the director now owns 141,903 shares in the company, valued at approximately $5,678,958.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Keith Rabois sold 9,275 shares of Affirm stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $26.90, for a total transaction of $249,497.50. Following the completion of the sale, the director now directly owns 64,348 shares of the company’s stock, valued at approximately $1,730,961.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Christa S. Quarles sold 14,400 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $40.02, for a total value of $576,288.00. Following the completion of the transaction, the director now directly owns 141,903 shares in the company, valued at approximately $5,678,958.06. The disclosure for this sale can be found here. Insiders have sold a total of 121,351 shares of company stock worth $5,081,045 in the last quarter. 13.05% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on AFRM shares. Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a report on Friday, September 6th. BTIG Research assumed coverage on Affirm in a research report on Friday, June 7th. They set a “neutral” rating on the stock. JMP Securities started coverage on Affirm in a report on Friday, June 28th. They issued a “market perform” rating for the company. Mizuho reiterated an “outperform” rating and set a $65.00 price target on shares of Affirm in a report on Tuesday, August 27th. Finally, Royal Bank of Canada upped their price objective on shares of Affirm from $43.00 to $46.00 and gave the company a “sector perform” rating in a report on Thursday, August 29th. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $35.53.

Affirm Trading Down 1.2 %

NASDAQ AFRM opened at $41.16 on Friday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 13.07 and a current ratio of 13.07. The firm has a market cap of $12.81 billion, a price-to-earnings ratio of -18.46 and a beta of 3.51. The firm has a 50 day simple moving average of $34.15 and a 200-day simple moving average of $32.92. Affirm Holdings, Inc. has a one year low of $15.97 and a one year high of $52.48.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings results on Wednesday, August 28th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.45) by $0.31. Affirm had a negative net margin of 22.29% and a negative return on equity of 15.55%. The company had revenue of $659.19 million during the quarter, compared to analysts’ expectations of $599.50 million. Equities research analysts anticipate that Affirm Holdings, Inc. will post -0.82 EPS for the current fiscal year.

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.