Affirm Holdings, Inc. (NASDAQ:AFRM) Holdings Trimmed by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc reduced its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 98,999 shares of the company’s stock after selling 1,050 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Affirm were worth $2,991,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ridgewood Investments LLC purchased a new stake in Affirm in the 2nd quarter worth about $27,000. Raleigh Capital Management Inc. purchased a new stake in shares of Affirm in the fourth quarter worth approximately $33,000. Global Wealth Strategies & Associates boosted its holdings in shares of Affirm by 94.0% during the first quarter. Global Wealth Strategies & Associates now owns 970 shares of the company’s stock worth $36,000 after purchasing an additional 470 shares during the period. Allspring Global Investments Holdings LLC grew 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 in the last quarter. Finally, ORG Partners LLC increased 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 during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Stock Down 3.7 %

Shares of AFRM stock opened at $41.64 on Friday. The stock has a market cap of $12.96 billion, a P/E ratio of -18.67 and a beta of 3.51. The company has a debt-to-equity ratio of 2.41, a current ratio of 13.07 and a quick ratio of 13.07. The stock has a fifty day moving average price of $33.92 and a 200 day moving average price 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 earnings results on Wednesday, August 28th. The company reported ($0.14) earnings per share 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 business had revenue of $659.19 million for the quarter, compared to analyst estimates of $599.50 million. Analysts predict that Affirm Holdings, Inc. will post -0.82 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. JMP Securities began coverage on shares of Affirm in a research note on Friday, June 28th. They set a “market perform” rating for the company. Mizuho restated an “outperform” rating and issued a $65.00 target price on shares of Affirm in a research note on Tuesday, August 27th. Wedbush raised their price target on Affirm from $20.00 to $25.00 and gave the stock an “underperform” rating in a research note on Thursday, August 29th. JPMorgan Chase & Co. lifted their price target on Affirm from $43.00 to $45.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Finally, Barclays increased their price objective on Affirm from $50.00 to $54.00 and gave the stock an “overweight” rating in a report on Monday. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Affirm presently has an average rating of “Hold” and a consensus target price of $35.53.

Insider Buying and Selling

In related news, insider Katherine Adkins sold 6,084 shares of Affirm stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $45.00, for a total transaction of $273,780.00. Following the completion of the transaction, the insider now directly owns 122,069 shares of the company’s stock, valued at approximately $5,493,105. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Affirm news, Director Keith Rabois sold 9,276 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $29.89, for a total transaction of $277,259.64. Following the sale, the director now owns 73,623 shares of the company’s stock, valued at approximately $2,200,591.47. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Katherine Adkins sold 6,084 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $45.00, for a total transaction of $273,780.00. Following the completion of the sale, the insider now owns 122,069 shares of the company’s stock, valued at approximately $5,493,105. The disclosure for this sale can be found here. Insiders sold 121,351 shares of company stock worth $5,081,045 in the last 90 days. 13.05% of the stock is owned by company insiders.

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.