Blueshift Asset Management LLC Sells 64,521 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Blueshift Asset Management LLC cut its position in Affirm Holdings, Inc. (NASDAQ:AFRM) by 91.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,341 shares of the company’s stock after selling 64,521 shares during the quarter. Blueshift Asset Management LLC’s holdings in Affirm were worth $386,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quest Partners LLC bought a new position in shares of Affirm in the third quarter valued at $391,000. Nordea Investment Management AB bought a new position in shares of Affirm in the fourth quarter valued at $6,380,000. Charles Schwab Investment Management Inc. grew its stake in shares of Affirm by 44.0% in 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 buying an additional 672,883 shares in the last quarter. Atreides Management LP bought a new position in Affirm during the third quarter worth $20,404,000. Finally, Jacobs Levy Equity Management Inc. bought a new position in Affirm during the third quarter worth $414,000. 69.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AFRM shares. UBS Group lifted their price objective on shares of Affirm from $46.00 to $62.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. BMO Capital Markets reaffirmed an “outperform” rating and set a $69.00 price objective on shares of Affirm in a research report on Thursday. William Blair started coverage on shares of Affirm in a research report on Wednesday, January 15th. They set an “outperform” rating for the company. Jefferies Financial Group raised shares of Affirm from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $70.00 to $82.00 in a research report on Thursday, December 19th. Finally, Barclays lifted their price objective on shares of Affirm from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Affirm currently has an average rating of “Moderate Buy” and a consensus price target of $69.76.

Affirm Stock Up 0.5 %

AFRM stock opened at $47.95 on Friday. The company has a market cap of $15.25 billion, a PE ratio of -73.77 and a beta of 3.63. The business has a 50-day simple moving average of $60.78 and a 200 day simple moving average of $55.89. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $82.53. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68.

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

Insiders Place Their Bets

In other news, Director Keith Rabois sold 16,086 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $60.12, for a total transaction of $967,090.32. Following the sale, the director now directly owns 77,608 shares in the company, valued at approximately $4,665,792.96. The trade was a 17.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Noel Bertram Watson sold 2,500 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $45.78, for a total value of $114,450.00. Following the sale, the director now owns 38,997 shares in the company, valued at approximately $1,785,282.66. This trade represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 62,301 shares of company stock valued at $3,920,543. 12.41% of the stock is currently owned by corporate insiders.

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.