Certuity LLC Sells 4,298 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Certuity LLC decreased its position in Affirm Holdings, Inc. (NASDAQ:AFRM) by 14.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 24,458 shares of the company’s stock after selling 4,298 shares during the period. Certuity LLC’s holdings in Affirm were worth $1,202,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Raymond James & Associates lifted its stake in Affirm by 9.2% in the third quarter. Raymond James & Associates now owns 21,218 shares of the company’s stock worth $451,000 after acquiring an additional 1,781 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Affirm by 25.0% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 277,843 shares of the company’s stock valued at $5,910,000 after buying an additional 55,568 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Affirm by 3.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 754,950 shares of the company’s stock valued at $16,058,000 after buying an additional 23,268 shares in the last quarter. Zweig DiMenna Associates LLC boosted its holdings in shares of Affirm by 30.4% during the 3rd quarter. Zweig DiMenna Associates LLC now owns 313,316 shares of the company’s stock valued at $6,664,000 after buying an additional 72,970 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Affirm by 29.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,358 shares of the company’s stock valued at $880,000 after buying an additional 9,354 shares in the last quarter. Institutional investors own 69.29% of the company’s stock.

Insiders Place Their Bets

In other news, Director Keith Rabois sold 9,276 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $34.39, for a total transaction of $319,001.64. Following the completion of the transaction, the director now directly owns 78,552 shares in the company, valued at approximately $2,701,403.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.05% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Wedbush reiterated an “underperform” rating and issued a $20.00 price target on shares of Affirm in a research note on Friday, February 9th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Affirm in a research note on Tuesday, April 23rd. BMO Capital Markets upped their price target on shares of Affirm from $44.00 to $47.00 and gave the stock a “market perform” rating in a research note on Monday, February 12th. Barclays decreased their target price on Affirm from $50.00 to $41.00 and set an “overweight” rating for the company in a research report on Tuesday, April 16th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Affirm in a research report on Tuesday, April 23rd. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $27.86.

Affirm Stock Down 3.9 %

Affirm stock traded down $1.31 during midday trading on Tuesday, hitting $32.11. The stock had a trading volume of 3,275,083 shares, compared to its average volume of 9,221,957. Affirm Holdings, Inc. has a 52-week low of $8.80 and a 52-week high of $52.48. The company has a current ratio of 11.49, a quick ratio of 11.49 and a debt-to-equity ratio of 2.35. The firm’s fifty day moving average is $35.14 and its two-hundred day moving average is $35.32.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, February 8th. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.08. Affirm had a negative return on equity of 25.10% and a negative net margin of 39.19%. The business had revenue of $591.11 million during the quarter, compared to the consensus estimate of $523.92 million. On average, equities analysts expect that Affirm Holdings, Inc. will post -2.45 earnings per share for the current fiscal year.

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.