Atomi Financial Group Inc. Sells 4,903 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Atomi Financial Group Inc. reduced its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 7.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,796 shares of the company’s stock after selling 4,903 shares during the period. Atomi Financial Group Inc.’s holdings in Affirm were worth $3,946,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AFRM. Bank of Montreal Can raised its position in shares of Affirm by 2,305.3% in the 2nd quarter. Bank of Montreal Can now owns 195,936 shares of the company’s stock worth $6,466,000 after acquiring an additional 187,790 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Affirm in the third quarter worth $1,419,000. Quest Partners LLC bought a new position in Affirm in the third quarter worth $391,000. International Assets Investment Management LLC bought a new position in Affirm in the third quarter worth $731,000. Finally, Entropy Technologies LP purchased a new position in Affirm during the third quarter valued at $464,000. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on AFRM. Citizens Jmp upgraded shares of Affirm from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 20th. William Blair started coverage on shares of Affirm in a research note on Wednesday, January 15th. They set an “outperform” rating for the company. JPMorgan Chase & Co. boosted their price target on Affirm from $56.00 to $74.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Bank of America raised their price objective on Affirm from $50.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Finally, Susquehanna cut Affirm from a “positive” rating to a “neutral” rating and set a $57.00 target price on the stock. in a research note on Tuesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Affirm has an average rating of “Moderate Buy” and an average target price of $61.88.

Insider Buying and Selling at Affirm

In other Affirm news, Director Noel Bertram Watson sold 2,500 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $72.05, for a total transaction of $180,125.00. Following the completion of the sale, the director now owns 41,497 shares of the company’s stock, valued at approximately $2,989,858.85. The trade was a 5.68 % 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, CFO Robert O’hare sold 100,938 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $55.00, for a total value of $5,551,590.00. The disclosure for this sale can be found here. Insiders sold a total of 1,323,478 shares of company stock worth $86,285,371 in the last three months. 12.41% of the stock is currently owned by company insiders.

Affirm Trading Down 0.0 %

Shares of Affirm stock opened at $57.99 on Tuesday. Affirm Holdings, Inc. has a twelve month low of $22.25 and a twelve month high of $73.34. The company has a debt-to-equity ratio of 2.50, a quick ratio of 12.60 and a current ratio of 12.60. The company’s 50 day moving average is $64.00 and its 200 day moving average is $46.49.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $698.48 million for the quarter, compared to the consensus estimate of $661.39 million. During the same period last year, the business posted ($0.57) EPS. Research analysts predict that Affirm Holdings, Inc. will post -0.62 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.