Headlands Technologies LLC Acquires Shares of 31,829 Affirm Holdings, Inc. (NASDAQ:AFRM)

Headlands Technologies LLC bought a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 31,829 shares of the company’s stock, valued at approximately $1,938,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nordea Investment Management AB purchased a new position in Affirm in the 4th quarter valued at about $6,380,000. Jacobs Levy Equity Management Inc. acquired a new stake in Affirm during the 3rd quarter valued at approximately $414,000. Integris Wealth Management LLC purchased a new stake in Affirm during the 4th quarter worth approximately $750,000. Concentric Capital Strategies LP acquired a new position in shares of Affirm in the 3rd quarter valued at approximately $1,720,000. Finally, Worldquant Millennium Advisors LLC purchased a new position in shares of Affirm during the 3rd quarter valued at approximately $2,106,000. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AFRM has been the subject of a number of research analyst reports. William Blair started coverage on shares of Affirm in a research note on Wednesday, January 15th. They issued an “outperform” rating for the company. Seaport Res Ptn upgraded shares of Affirm to a “hold” rating in a research note on Monday, March 24th. UBS Group boosted their price objective on Affirm from $46.00 to $62.00 and gave the company a “neutral” rating in a report on Friday, February 7th. The Goldman Sachs Group reduced their target price on Affirm from $90.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. Finally, Susquehanna lowered Affirm from a “positive” rating to a “neutral” rating and set a $57.00 target price for the company. in a research report on Tuesday, January 21st. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.76.

Affirm Stock Performance

Shares of AFRM opened at $45.51 on Wednesday. The firm has a fifty day moving average of $59.42 and a 200-day moving average of $56.54. The company has a market cap of $14.47 billion, a price-to-earnings ratio of -70.02 and a beta of 3.63. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26. Affirm Holdings, Inc. has a 1 year low of $22.25 and a 1 year high of $82.53.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) 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%. As a group, equities analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Insider Activity

In other news, Director Keith Rabois sold 16,088 shares of the stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $63.97, for a total value of $1,029,149.36. Following the completion of the transaction, the director now owns 61,520 shares of the company’s stock, valued at approximately $3,935,434.40. This represents a 20.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Robert O’hare sold 6,541 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $62.28, for a total value of $407,373.48. Following the transaction, the chief financial officer now directly owns 2,963 shares in the company, valued at $184,535.64. This trade represents a 68.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,301 shares of company stock valued at $3,920,543. Insiders own 12.41% of the company’s stock.

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.