9,580 Shares in Affirm Holdings, Inc. (NASDAQ:AFRM) Bought by Quest Partners LLC

Quest Partners LLC acquired a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,580 shares of the company’s stock, valued at approximately $391,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Bank of Montreal Can lifted its position in shares of Affirm by 2,305.3% during the second quarter. Bank of Montreal Can now owns 195,936 shares of the company’s stock worth $6,466,000 after purchasing an additional 187,790 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in Affirm during the 3rd quarter worth approximately $1,419,000. International Assets Investment Management LLC acquired a new position in shares of Affirm in the 3rd quarter worth approximately $731,000. Entropy Technologies LP bought a new stake in shares of Affirm in the 3rd quarter valued at approximately $464,000. Finally, Versor Investments LP acquired a new stake in shares of Affirm during the 3rd quarter valued at approximately $755,000. 69.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, President Libor Michalek sold 77,105 shares of Affirm stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $64.08, for a total value of $4,940,888.40. Following the transaction, the president now owns 159,449 shares of the company’s stock, valued at $10,217,491.92. The trade was a 32.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Katherine Adkins sold 200,000 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $55.05, for a total transaction of $11,010,000.00. Following the sale, the insider now directly owns 93,545 shares of the company’s stock, valued at approximately $5,149,652.25. This represents a 68.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 580,843 shares of company stock valued at $32,256,766 over the last three months. Company insiders own 12.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Affirm from $47.00 to $56.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $46.00 price target on shares of Affirm in a report on Friday, October 4th. The Goldman Sachs Group increased their price objective on shares of Affirm from $46.00 to $54.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Morgan Stanley upgraded Affirm from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $22.00 to $37.00 in a research note on Wednesday, October 9th. Finally, Susquehanna increased their price target on Affirm from $52.00 to $57.00 and gave the stock a “positive” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $50.44.

Affirm Trading Up 1.2 %

Shares of NASDAQ:AFRM opened at $66.55 on Monday. Affirm Holdings, Inc. has a twelve month low of $22.25 and a twelve month high of $70.03. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50. The firm has a market cap of $20.90 billion, a P/E ratio of -46.87 and a beta of 3.47. The company has a 50 day moving average of $46.89 and a 200-day moving average of $36.76.

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