QRG Capital Management Inc. Sells 684 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

QRG Capital Management Inc. lessened its position in Affirm Holdings, Inc. (NASDAQ:AFRM) by 0.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 101,450 shares of the company’s stock after selling 684 shares during the quarter. QRG Capital Management Inc.’s holdings in Affirm were worth $4,141,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Ridgewood Investments LLC bought a new position in Affirm in the second quarter worth $27,000. ORG Wealth Partners LLC purchased a new position in Affirm during the 3rd quarter valued at about $29,000. Allspring Global Investments Holdings LLC boosted its stake in Affirm by 82.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock worth $36,000 after acquiring an additional 540 shares in the last quarter. ORG Partners LLC grew its holdings in Affirm by 80.0% in the second quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock worth $37,000 after purchasing an additional 551 shares during the period. Finally, Plato Investment Management Ltd increased its stake in shares of 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 in the last quarter. 69.29% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Katherine Adkins sold 6,084 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $45.00, for a total value of $273,780.00. Following the completion of the sale, the insider now directly owns 122,069 shares of the company’s stock, valued at approximately $5,493,105. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other 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 value 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 Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $273,780.00. Following the sale, the insider now owns 122,069 shares of the company’s stock, valued at $5,493,105. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,800 shares of company stock valued at $4,554,288 in the last ninety days. Corporate insiders own 12.41% of the company’s stock.

Affirm Stock Up 9.6 %

Shares of AFRM stock opened at $50.00 on Thursday. The company has a current ratio of 13.07, a quick ratio of 13.07 and a debt-to-equity ratio of 2.41. Affirm Holdings, Inc. has a 12 month low of $20.20 and a 12 month high of $52.48. The stock has a market cap of $15.56 billion, a P/E ratio of -29.76 and a beta of 3.47. The company has a 50 day simple moving average of $42.42 and a two-hundred day simple moving average of $34.55.

Affirm (NASDAQ:AFRM) last announced its earnings results on Wednesday, August 28th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.31. Affirm had a negative return on equity of 15.55% and a negative net margin of 22.29%. The company had revenue of $659.19 million for the quarter, compared to analysts’ expectations of $599.50 million. On average, research analysts expect that Affirm Holdings, Inc. will post -0.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AFRM. Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a research note on Friday, September 6th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $46.00 price target on shares of Affirm in a research note on Friday, October 4th. Wells Fargo & Company upgraded shares of Affirm from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $40.00 to $52.00 in a research note on Friday, October 11th. Wedbush upgraded shares of Affirm from an “underperform” rating to a “neutral” rating and increased their price target for the company from $25.00 to $45.00 in a report on Monday, October 14th. Finally, Mizuho restated an “outperform” rating and issued a $65.00 price objective on shares of Affirm in a report on Tuesday, August 27th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $43.08.

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.