DRW Securities LLC Buys Shares of 8,634 Affirm Holdings, Inc. (NASDAQ:AFRM)

DRW Securities LLC purchased a new position in Affirm Holdings, Inc. (NASDAQ:AFRM) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,634 shares of the company’s stock, valued at approximately $352,000.

Several other hedge funds have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. boosted its holdings in Affirm by 44.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,203,210 shares of the company’s stock worth $89,935,000 after purchasing an additional 672,883 shares during the last quarter. Dragoneer Investment Group LLC bought a new position in shares of Affirm during the 2nd quarter valued at $45,219,000. Bank of New York Mellon Corp boosted its stake in shares of Affirm by 25.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 866,946 shares of the company’s stock worth $26,190,000 after buying an additional 176,675 shares during the last quarter. Artemis Investment Management LLP bought a new stake in shares of Affirm in the third quarter worth $30,808,000. Finally, Swiss National Bank increased its position in Affirm by 0.9% during the third quarter. Swiss National Bank now owns 463,500 shares of the company’s stock valued at $18,920,000 after acquiring an additional 4,000 shares during the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related 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 sale, the director now directly owns 141,903 shares in the company, valued at approximately $5,678,958.06. The trade was a 9.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $11,010,000.00. Following the transaction, the insider now directly owns 93,545 shares of the company’s stock, valued at approximately $5,149,652.25. The trade was a 68.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 868,253 shares of company stock worth $52,186,668. 12.41% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Needham & Company LLC reissued a “hold” rating on shares of Affirm in a research report on Friday, September 6th. Barclays raised their price objective on shares of Affirm from $64.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday. BTIG Research raised shares of Affirm from a “neutral” rating to a “buy” rating and set a $68.00 target price for the company in a report on Tuesday, October 8th. Wells Fargo & Company lifted their price target on shares of Affirm from $52.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Finally, The Goldman Sachs Group boosted their price objective on shares of Affirm from $46.00 to $54.00 and gave the company a “buy” rating in a research report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $51.13.

Affirm Stock Performance

NASDAQ AFRM opened at $66.27 on Wednesday. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50. Affirm Holdings, Inc. has a twelve month low of $22.25 and a twelve month high of $70.20. The business has a 50-day moving average price of $47.39 and a 200-day moving average price of $37.01. The firm has a market cap of $20.81 billion, a price-to-earnings ratio of -46.67 and a beta of 3.47.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results 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 the consensus estimate of $661.39 million. During the same period in the prior year, the company posted ($0.57) EPS. As a group, equities research analysts predict that Affirm Holdings, Inc. will post -0.53 EPS 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.