Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Bought by Bank of Montreal Can

Bank of Montreal Can raised its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 2,305.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 195,936 shares of the company’s stock after purchasing an additional 187,790 shares during the period. Bank of Montreal Can owned about 0.06% of Affirm worth $6,466,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in AFRM. Vanguard Group Inc. grew its stake in Affirm by 6.8% in the 1st quarter. Vanguard Group Inc. now owns 20,823,803 shares of the company’s stock valued at $775,895,000 after acquiring an additional 1,316,901 shares during the period. Capital World Investors grew its position in shares of Affirm by 0.4% in the first quarter. Capital World Investors now owns 19,079,071 shares of the company’s stock valued at $710,886,000 after purchasing an additional 77,050 shares during the period. Baillie Gifford & Co. increased its stake in shares of Affirm by 4.2% during the first quarter. Baillie Gifford & Co. now owns 18,732,407 shares of the company’s stock worth $697,969,000 after purchasing an additional 749,368 shares in the last quarter. Leo Wealth LLC acquired a new position in shares of Affirm during the 4th quarter worth about $57,647,000. Finally, Bank of New York Mellon Corp lifted its stake in Affirm by 25.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 866,946 shares of the company’s stock valued at $26,190,000 after buying an additional 176,675 shares in the last quarter. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Katherine Adkins sold 6,084 shares of the 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 owns 122,069 shares of the company’s stock, valued at approximately $5,493,105. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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 shares were sold at an average price of $40.02, for a total value of $576,288.00. Following the completion of the transaction, the director now owns 141,903 shares of the company’s stock, valued at approximately $5,678,958.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Katherine Adkins sold 6,084 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $45.00, for a total value of $273,780.00. Following the sale, the insider now directly owns 122,069 shares in the company, valued at approximately $5,493,105. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 112,075 shares of company stock valued at $4,803,786. 13.05% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

AFRM has been the subject of a number of research analyst reports. Wedbush increased their target price on Affirm from $20.00 to $25.00 and gave the company an “underperform” rating in a report on Thursday, August 29th. Mizuho restated an “outperform” rating and issued a $65.00 price objective on shares of Affirm in a report on Tuesday, August 27th. Royal Bank of Canada upped their target price on shares of Affirm from $43.00 to $46.00 and gave the stock a “sector perform” 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. Finally, Susquehanna started coverage on shares of Affirm in a research note on Friday, September 20th. They set a “positive” rating and a $52.00 price objective for the company. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Affirm has an average rating of “Hold” and a consensus price target of $35.53.

Affirm Stock Down 0.8 %

Shares of AFRM opened at $40.82 on Tuesday. The company has a current ratio of 13.07, a quick ratio of 13.07 and a debt-to-equity ratio of 2.41. The firm has a market cap of $12.62 billion, a P/E ratio of -18.30 and a beta of 3.51. The company’s 50-day moving average price is $34.37 and its 200 day moving average price is $32.93. Affirm Holdings, Inc. has a 12-month low of $15.97 and a 12-month high of $52.48.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Wednesday, August 28th. The company reported ($0.14) EPS for the quarter, topping 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 firm had revenue of $659.19 million for the quarter, compared to analyst estimates of $599.50 million. On average, sell-side analysts forecast that Affirm Holdings, Inc. will post -0.82 earnings per share for the current year.

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.