Amalgamated Bank Increases Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Amalgamated Bank boosted its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 11.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,493 shares of the company’s stock after purchasing an additional 1,432 shares during the quarter. Amalgamated Bank’s holdings in Affirm were worth $822,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Spyglass Capital Management LLC lifted its position in shares of Affirm by 9.3% during the 3rd quarter. Spyglass Capital Management LLC now owns 2,348,095 shares of the company’s stock valued at $95,849,000 after buying an additional 200,449 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Affirm by 44.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,203,210 shares of the company’s stock valued at $89,935,000 after purchasing an additional 672,883 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Affirm by 0.6% during the fourth quarter. Bank of New York Mellon Corp now owns 885,097 shares of the company’s stock valued at $53,902,000 after purchasing an additional 5,169 shares in the last quarter. Artemis Investment Management LLP grew its position in shares of Affirm by 2.1% in the fourth quarter. Artemis Investment Management LLP now owns 770,245 shares of the company’s stock valued at $46,908,000 after purchasing an additional 15,517 shares during the period. Finally, Bank of Montreal Can raised its position in shares of Affirm by 269.7% during the 3rd quarter. Bank of Montreal Can now owns 724,336 shares of the company’s stock worth $29,814,000 after purchasing an additional 528,400 shares during the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Affirm

In related news, President Libor Michalek sold 93,371 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $72.00, for a total value of $6,722,712.00. Following the sale, the president now owns 160,601 shares in the company, valued at approximately $11,563,272. The trade was a 36.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Christa S. Quarles sold 5,000 shares of the firm’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $80.00, for a total value of $400,000.00. Following the transaction, the director now owns 137,325 shares of the company’s stock, valued at $10,986,000. This trade represents a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 555,670 shares of company stock valued at $38,385,393 over the last quarter. 12.41% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on AFRM. Barclays lifted their price objective on Affirm from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Morgan Stanley lifted their price target on Affirm from $39.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 28th. Royal Bank of Canada increased their price objective on Affirm from $67.00 to $81.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of Affirm in a report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Affirm from $45.00 to $75.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Nine analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $70.24.

Affirm Stock Down 3.6 %

Shares of NASDAQ:AFRM opened at $61.86 on Tuesday. The company has a market capitalization of $19.67 billion, a price-to-earnings ratio of -95.17 and a beta of 3.66. Affirm Holdings, Inc. has a 12-month low of $22.25 and a 12-month high of $82.53. The business has a 50-day moving average price of $64.26 and a 200 day moving average price of $54.67. The company has a current ratio of 11.26, a quick ratio of 11.26 and a debt-to-equity ratio of 2.68.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. Sell-side analysts expect that Affirm Holdings, Inc. will post -0.18 EPS for the current 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.