Affirm Holdings, Inc. $AFRM Shares Sold by Atreides Management LP

Atreides Management LP decreased its position in Affirm Holdings, Inc. (NASDAQ:AFRM) by 89.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 207,905 shares of the company’s stock after selling 1,769,977 shares during the period. Atreides Management LP’s holdings in Affirm were worth $15,194,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Assetmark Inc. raised its position in shares of Affirm by 111.3% during the 3rd quarter. Assetmark Inc. now owns 338 shares of the company’s stock valued at $25,000 after buying an additional 178 shares during the period. Mather Group LLC. purchased a new position in Affirm in the third quarter worth approximately $29,000. Quent Capital LLC purchased a new position in Affirm in the third quarter worth approximately $43,000. Allworth Financial LP increased its stake in Affirm by 41.9% during the second quarter. Allworth Financial LP now owns 799 shares of the company’s stock worth $55,000 after acquiring an additional 236 shares during the last quarter. Finally, CI Investments Inc. increased its stake in Affirm by 131.1% during the third quarter. CI Investments Inc. now owns 929 shares of the company’s stock worth $68,000 after acquiring an additional 527 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Trading Up 1.1%

Shares of NASDAQ AFRM opened at $46.88 on Friday. The company has a current ratio of 11.41, a quick ratio of 11.41 and a debt-to-equity ratio of 2.58. The stock has a market capitalization of $15.62 billion, a PE ratio of 57.88, a PEG ratio of 1.72 and a beta of 3.61. Affirm Holdings, Inc. has a twelve month low of $30.90 and a twelve month high of $100.00. The stock has a fifty day simple moving average of $60.71 and a 200-day simple moving average of $70.26.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, February 5th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.09. Affirm had a return on equity of 8.83% and a net margin of 7.60%.The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the company earned $0.23 EPS. Affirm’s revenue was up 29.6% on a year-over-year basis. On average, equities analysts forecast that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Insider Transactions at Affirm

In related news, CFO Robert O’hare sold 36,401 shares of Affirm stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $80.00, for a total value of $2,912,080.00. Following the completion of the transaction, the chief financial officer owned 1,368 shares in the company, valued at approximately $109,440. The trade was a 96.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Max R. Levchin sold 666,666 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $80.62, for a total transaction of $53,746,612.92. The SEC filing for this sale provides additional information. 11.01% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

AFRM has been the topic of several recent analyst reports. The Goldman Sachs Group lowered Affirm from a “buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Evercore restated an “outperform” rating on shares of Affirm in a report on Tuesday, December 16th. Compass Point reaffirmed a “buy” rating and issued a $68.00 target price on shares of Affirm in a research report on Wednesday, February 18th. Wolfe Research initiated coverage on shares of Affirm in a research note on Tuesday, December 9th. They set a “peer perform” rating for the company. Finally, Bank of America initiated coverage on shares of Affirm in a research report on Thursday, March 5th. They set a “buy” rating and a $82.00 price target for the company. Twenty research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Affirm presently has a consensus rating of “Moderate Buy” and an average target price of $84.36.

Affirm Company Profile

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.