Affirm Holdings, Inc. (NASDAQ:AFRM) Position Cut by Trexquant Investment LP

Trexquant Investment LP lowered its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 6.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 240,295 shares of the company’s stock after selling 17,788 shares during the period. Trexquant Investment LP’s holdings in Affirm were worth $14,634,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Nordea Investment Management AB bought a new position in Affirm in the 4th quarter worth about $6,380,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of Affirm during the third quarter worth approximately $414,000. Integris Wealth Management LLC bought a new position in Affirm in the 4th quarter worth approximately $750,000. Concentric Capital Strategies LP acquired a new stake in Affirm in the 3rd quarter valued at approximately $1,720,000. Finally, Worldquant Millennium Advisors LLC bought a new stake in Affirm during the 3rd quarter valued at $2,106,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

Analyst Ratings Changes

AFRM has been the subject of several recent analyst reports. Compass Point raised Affirm from a “neutral” rating to a “buy” rating and increased their price target for the stock from $61.00 to $64.00 in a research note on Wednesday, March 19th. Morgan Stanley increased their target price on shares of Affirm from $39.00 to $55.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 28th. William Blair initiated coverage on shares of Affirm in a research report on Wednesday, January 15th. They set an “outperform” rating on the stock. Royal Bank of Canada increased their price objective on shares of Affirm from $67.00 to $81.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. Finally, Seaport Res Ptn raised Affirm to a “hold” rating in a report on Monday, March 24th. Eight investment 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.76.

Insider Buying and Selling at Affirm

In other Affirm news, CFO Robert O’hare sold 6,541 shares of Affirm stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $62.28, for a total transaction of $407,373.48. Following the transaction, the chief financial officer now owns 2,963 shares of the company’s stock, valued at $184,535.64. The trade was a 68.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Keith Rabois sold 16,086 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $62.32, for a total value of $1,002,479.52. Following the completion of the transaction, the director now owns 93,694 shares in the company, valued at $5,839,010.08. This represents a 14.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 62,301 shares of company stock valued at $3,920,543 in the last three months. 12.41% of the stock is currently owned by company insiders.

Affirm Trading Up 0.7 %

Shares of AFRM opened at $45.51 on Wednesday. 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 Holdings, Inc. has a 1-year low of $22.25 and a 1-year high of $82.53. The stock has a market capitalization of $14.47 billion, a P/E ratio of -70.02 and a beta of 3.63. The business’s 50-day moving average price is $59.42 and its 200 day moving average price is $56.54.

Affirm (NASDAQ:AFRM) last released its quarterly 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%. Analysts expect that Affirm Holdings, Inc. will post -0.18 earnings per share 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.