Affirm Holdings, Inc. (NASDAQ:AFRM) Stake Lessened by Kathleen S. Wright Associates Inc.

Kathleen S. Wright Associates Inc. cut its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 36.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,328 shares of the company’s stock after selling 1,882 shares during the period. Kathleen S. Wright Associates Inc.’s holdings in Affirm were worth $203,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its stake in Affirm by 2.5% during the second quarter. AQR Capital Management LLC now owns 29,135 shares of the company’s stock worth $880,000 after purchasing an additional 722 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Affirm by 6.4% during the second quarter. The Manufacturers Life Insurance Company now owns 51,588 shares of the company’s stock valued at $1,558,000 after purchasing an additional 3,105 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in shares of Affirm by 24.4% during the third quarter. Handelsbanken Fonder AB now owns 62,200 shares of the company’s stock valued at $2,539,000 after purchasing an additional 12,200 shares during the last quarter. Myecfo LLC raised its position in shares of Affirm by 5.0% during the 3rd quarter. Myecfo LLC now owns 12,260 shares of the company’s stock worth $500,000 after purchasing an additional 589 shares during the period. Finally, Artemis Investment Management LLP bought a new stake in shares of Affirm in the 3rd quarter worth approximately $30,808,000. 69.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Affirm news, insider Katherine Adkins sold 200,000 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $55.05, for a total value of $11,010,000.00. Following the sale, the insider now directly owns 93,545 shares in the company, valued at approximately $5,149,652.25. This trade represents a 68.13 % 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 business’s stock in a transaction dated Monday, November 11th. The shares were 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 have sold a total of 1,323,478 shares of company stock worth $86,285,371 in the last 90 days. Corporate insiders own 12.41% of the company’s stock.

Affirm Stock Performance

NASDAQ:AFRM opened at $59.88 on Tuesday. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50. The firm has a market capitalization of $18.81 billion, a PE ratio of -42.17 and a beta of 3.66. Affirm Holdings, Inc. has a 12-month low of $22.25 and a 12-month high of $73.34. The firm has a 50-day moving average price of $63.36 and a 200 day moving average price of $48.46.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.05. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.57%. The firm had revenue of $698.48 million for the quarter, compared to analyst estimates of $661.39 million. During the same period in the previous year, the business earned ($0.57) earnings per share. Research analysts anticipate that Affirm Holdings, Inc. will post -0.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AFRM. The Goldman Sachs Group lifted their price objective on shares of Affirm from $57.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Barclays lifted their target price on shares of Affirm from $64.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. 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, January 21st. Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a report on Wednesday, January 22nd. Finally, BTIG Research raised Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price target for the company in a research report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Affirm currently has an average rating of “Moderate Buy” and an average price target of $62.88.

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.