SG Americas Securities LLC Has $1.88 Million Stock Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

SG Americas Securities LLC decreased its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 37.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,791 shares of the company’s stock after selling 18,191 shares during the quarter. SG Americas Securities LLC’s holdings in Affirm were worth $1,875,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. ORG Wealth Partners LLC purchased a new position in shares of Affirm during the third quarter valued at $29,000. Advisors Asset Management Inc. grew its holdings in shares of Affirm by 168.2% during the third quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock valued at $44,000 after buying an additional 671 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Affirm by 200.5% during the third quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock valued at $45,000 after buying an additional 732 shares in the last quarter. Hanseatic Management Services Inc. purchased a new position in shares of Affirm during the third quarter valued at $65,000. Finally, Brooklyn Investment Group purchased a new position in shares of Affirm during the third quarter valued at $78,000. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Insider Buying and Selling

In related news, Director Noel Bertram Watson sold 2,500 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $72.05, for a total transaction of $180,125.00. Following the transaction, the director now directly owns 41,497 shares in the company, valued at $2,989,858.85. The trade was a 5.68 % 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, President Libor Michalek sold 100,000 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $62.00, for a total value of $6,200,000.00. Following the transaction, the president now owns 159,449 shares in the company, valued at $9,885,838. This represents a 38.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,323,478 shares of company stock valued at $86,285,371. Insiders own 12.41% of the company’s stock.

Affirm Price Performance

NASDAQ AFRM opened at $55.73 on Monday. Affirm Holdings, Inc. has a twelve month low of $22.25 and a twelve month high of $73.34. The company has a debt-to-equity ratio of 2.50, a quick ratio of 12.60 and a current ratio of 12.60. The stock has a market capitalization of $17.50 billion, a PE ratio of -39.25 and a beta of 3.67. The stock has a 50-day simple moving average of $64.08 and a 200 day simple moving average of $47.29.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $698.48 million during the quarter, compared to analysts’ expectations of $661.39 million. During the same quarter in the previous year, the firm earned ($0.57) EPS. Research analysts anticipate that Affirm Holdings, Inc. will post -0.62 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AFRM. Susquehanna downgraded Affirm from a “positive” rating to a “neutral” rating and set a $57.00 price target on the stock. in a report on Tuesday, January 21st. Wells Fargo & Company boosted their target price on Affirm from $55.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Royal Bank of Canada restated a “sector perform” rating and issued a $46.00 target price on shares of Affirm in a research note on Friday, October 4th. BTIG Research upgraded Affirm from a “neutral” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Tuesday, October 8th. Finally, Needham & Company LLC restated a “hold” rating on shares of Affirm in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $61.88.

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.