Affirm Holdings, Inc. (NASDAQ:AFRM) Short Interest Update

Affirm Holdings, Inc. (NASDAQ:AFRM) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 20,030,000 shares, an increase of 9.2% from the October 31st total of 18,340,000 shares. Based on an average trading volume of 11,720,000 shares, the short-interest ratio is presently 1.7 days. Currently, 7.8% of the company’s shares are short sold.

Insider Activity at Affirm

In related news, Director Christa S. Quarles sold 14,400 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $40.02, for a total transaction of $576,288.00. Following the transaction, the director now directly owns 141,903 shares in the company, valued at approximately $5,678,958.06. This represents a 9.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Libor Michalek sold 2,847 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $70.00, for a total transaction of $199,290.00. Following the completion of the sale, the president now directly owns 159,449 shares of the company’s stock, valued at approximately $11,161,430. The trade was a 1.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 891,694 shares of company stock valued at $53,821,357. Insiders own 12.41% of the company’s stock.

Hedge Funds Weigh In On Affirm

Several institutional investors have recently modified their holdings of the company. Ridgewood Investments LLC purchased a new position in Affirm during the second quarter valued at approximately $27,000. ORG Wealth Partners LLC acquired a new stake in shares of Affirm in the third quarter worth $29,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Affirm by 82.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock worth $36,000 after purchasing an additional 540 shares during the period. ORG Partners LLC increased its position in shares of Affirm by 80.0% during the second quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock valued at $37,000 after purchasing an additional 551 shares during the period. Finally, Advisors Asset Management Inc. raised its stake in shares of Affirm by 168.2% in the 3rd 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. Institutional investors own 69.29% of the company’s stock.

Affirm Trading Up 0.9 %

NASDAQ:AFRM traded up $0.61 on Wednesday, reaching $71.37. The stock had a trading volume of 3,411,264 shares, compared to its average volume of 9,055,428. The firm’s fifty day moving average is $50.29 and its two-hundred day moving average is $38.54. The company has a debt-to-equity ratio of 2.50, a current ratio of 12.60 and a quick ratio of 12.60. The company has a market cap of $22.41 billion, a price-to-earnings ratio of -50.51 and a beta of 3.66. Affirm has a 12-month low of $22.25 and a 12-month high of $72.10.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.05. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.57%. The firm had revenue of $698.48 million during the quarter, compared to analysts’ expectations of $661.39 million. During the same period in the prior year, the company earned ($0.57) EPS. Equities analysts expect that Affirm will post -0.53 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AFRM. Morgan Stanley raised shares of Affirm from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $22.00 to $37.00 in a research note on Wednesday, October 9th. Barclays increased their price objective on Affirm from $64.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Royal Bank of Canada restated a “sector perform” rating and set a $46.00 price objective on shares of Affirm in a report on Friday, October 4th. Susquehanna upped their target price on Affirm from $52.00 to $57.00 and gave the stock a “positive” rating in a report on Friday, November 8th. Finally, Wells Fargo & Company lifted their price objective on Affirm from $52.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $55.33.

About Affirm

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.