3,597 Shares in Affirm Holdings, Inc. (NASDAQ:AFRM) Purchased by Quarry LP

Quarry LP purchased a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) in the second quarter, HoldingsChannel.com reports. The fund purchased 3,597 shares of the company’s stock, valued at approximately $109,000.

Other institutional investors have also modified their holdings of the company. Raleigh Capital Management Inc. acquired a new stake in Affirm in the 4th quarter valued at about $33,000. Ridgewood Investments LLC acquired a new stake in shares of Affirm in the second quarter valued at approximately $27,000. Global Wealth Strategies & Associates increased its stake in shares of Affirm by 94.0% during the 1st quarter. Global Wealth Strategies & Associates now owns 970 shares of the company’s stock worth $36,000 after purchasing an additional 470 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Affirm by 82.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock worth $36,000 after purchasing an additional 540 shares during the last quarter. Finally, ORG Partners LLC lifted its stake in Affirm by 80.0% in the 2nd quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock valued at $37,000 after buying an additional 551 shares in the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Insider Activity at Affirm

In other news, Director Keith Rabois sold 9,275 shares of the business’s 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 transaction, the director now directly owns 64,348 shares of the company’s stock, valued at $1,730,961.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Affirm news, Director Christa S. Quarles sold 14,400 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $40.02, for a total transaction of $576,288.00. Following the completion of the sale, the director now owns 141,903 shares in the company, valued at approximately $5,678,958.06. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Keith Rabois sold 9,275 shares of Affirm stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $26.90, for a total value of $249,497.50. Following the sale, the director now owns 64,348 shares in the company, valued at $1,730,961.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 112,075 shares of company stock worth $4,803,786. 13.05% of the stock is currently owned by company insiders.

Affirm Trading Down 5.7 %

Shares of AFRM stock opened at $38.48 on Wednesday. Affirm Holdings, Inc. has a fifty-two week low of $15.97 and a fifty-two week high of $52.48. The firm’s 50 day moving average price is $34.56 and its two-hundred day moving average price is $32.96. The stock has a market cap of $11.90 billion, a price-to-earnings ratio of -17.26 and a beta of 3.51. The company has a quick ratio of 13.07, a current ratio of 13.07 and a debt-to-equity ratio of 2.41.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings results on Wednesday, August 28th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $659.19 million during the quarter, compared to analysts’ expectations of $599.50 million. On average, analysts anticipate that Affirm Holdings, Inc. will post -0.82 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. BTIG Research assumed coverage on Affirm in a report on Friday, June 7th. They issued a “neutral” rating for the company. Wedbush upped their target price on shares of Affirm from $20.00 to $25.00 and gave the company an “underperform” rating in a report on Thursday, August 29th. Barclays raised their price target on shares of Affirm from $50.00 to $54.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. The Goldman Sachs Group reissued a “buy” rating and issued a $42.00 price objective on shares of Affirm in a research report on Monday, June 24th. Finally, Susquehanna began coverage on shares of Affirm in a research note on Friday, September 20th. They issued a “positive” rating and a $52.00 target price for the company. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $35.53.

About Affirm

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.