Cwm LLC Has $217,000 Stock Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

Cwm LLC lessened its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 6.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,309 shares of the company’s stock after selling 345 shares during the quarter. Cwm LLC’s holdings in Affirm were worth $217,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AFRM. Ridgewood Investments LLC acquired a new stake in shares of Affirm in the second quarter worth $27,000. Allspring Global Investments Holdings LLC boosted its position in Affirm by 82.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock valued at $36,000 after purchasing an additional 540 shares during the last quarter. ORG Partners LLC boosted its position in Affirm by 80.0% during the second quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock valued at $37,000 after purchasing an additional 551 shares during the last quarter. Plato Investment Management Ltd boosted its position in Affirm by 255.1% during the first quarter. Plato Investment Management Ltd now owns 1,328 shares of the company’s stock valued at $49,000 after purchasing an additional 954 shares during the last quarter. Finally, Global Wealth Strategies & Associates boosted its position in Affirm by 82.5% during the second quarter. Global Wealth Strategies & Associates now owns 1,770 shares of the company’s stock valued at $53,000 after purchasing an additional 800 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Insider Transactions at Affirm

In related news, insider Katherine Adkins sold 6,084 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $45.00, for a total transaction of $273,780.00. Following the transaction, the insider now directly owns 122,069 shares in the company, valued at $5,493,105. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Christa S. Quarles sold 14,400 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $40.02, for a total transaction of $576,288.00. Following the transaction, the director now directly owns 141,903 shares in the company, valued at $5,678,958.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Katherine Adkins sold 6,084 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $45.00, for a total value of $273,780.00. Following the transaction, the insider now owns 122,069 shares in the company, valued at $5,493,105. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 112,075 shares of company stock worth $4,803,786. Company insiders own 13.05% of the company’s stock.

Affirm Trading Up 0.8 %

Affirm stock opened at $43.99 on Wednesday. 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 business’s 50-day simple moving average is $39.41 and its 200-day simple moving average is $33.72. The firm has a market capitalization of $13.60 billion, a PE ratio of -19.73 and a beta of 3.50. Affirm Holdings, Inc. has a 52 week low of $15.97 and a 52 week high of $52.48.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Wednesday, August 28th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.31. The business had revenue of $659.19 million for the quarter, compared to analyst estimates of $599.50 million. Affirm had a negative return on equity of 15.55% and a negative net margin of 22.29%. Equities research analysts forecast that Affirm Holdings, Inc. will post -0.82 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. The Goldman Sachs Group lifted their price objective on Affirm from $46.00 to $54.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Barclays lifted their price objective on Affirm from $50.00 to $54.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Wedbush raised Affirm from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $25.00 to $45.00 in a research report on Monday, October 14th. JMP Securities assumed coverage on Affirm in a research report on Friday, June 28th. They set a “market perform” rating for the company. Finally, Mizuho restated an “outperform” rating and set a $65.00 target price on shares of Affirm in a report on Tuesday, August 27th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Affirm currently has a consensus rating of “Hold” and an average price target of $41.50.

Affirm 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.