Affirm Holdings, Inc. (NASDAQ:AFRM) Stock Position Raised by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 77.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,169 shares of the company’s stock after purchasing an additional 39,381 shares during the period. Quantinno Capital Management LP’s holdings in Affirm were worth $3,681,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. RBF Capital LLC purchased a new position in Affirm in the 3rd quarter worth about $612,000. Readystate Asset Management LP acquired a new position in shares of Affirm in the third quarter worth about $3,866,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Affirm in the third quarter worth approximately $414,000. Janus Henderson Group PLC raised its holdings in shares of Affirm by 8.7% during the third quarter. Janus Henderson Group PLC now owns 110,282 shares of the company’s stock valued at $4,502,000 after acquiring an additional 8,782 shares during the period. Finally, HighTower Advisors LLC lifted its position in shares of Affirm by 37.6% in the 3rd quarter. HighTower Advisors LLC now owns 62,811 shares of the company’s stock valued at $2,566,000 after acquiring an additional 17,153 shares in the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Affirm news, President Libor Michalek sold 93,371 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $72.00, for a total transaction of $6,722,712.00. Following the completion of the transaction, the president now owns 160,601 shares of the company’s stock, valued at $11,563,272. The trade was a 36.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christa S. Quarles sold 14,400 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $40.02, for a total transaction of $576,288.00. Following the sale, the director now owns 141,903 shares of the company’s stock, valued at $5,678,958.06. This trade represents a 9.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 985,065 shares of company stock valued at $60,544,069 over the last 90 days. 12.41% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AFRM. Morgan Stanley raised shares of Affirm from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $22.00 to $37.00 in a research note on Wednesday, October 9th. Needham & Company LLC reissued a “hold” rating on shares of Affirm in a research report on Friday, September 6th. Mizuho raised their price objective on Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. upped their target price on Affirm from $56.00 to $74.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $46.00 price target on shares of Affirm in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Affirm has an average rating of “Hold” and an average price target of $55.33.

Affirm Trading Up 5.2 %

Shares of NASDAQ:AFRM opened at $71.88 on Monday. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50. The stock has a market capitalization of $22.57 billion, a PE ratio of -50.62 and a beta of 3.66. Affirm Holdings, Inc. has a 1 year low of $22.25 and a 1 year high of $72.82. The firm has a fifty day moving average price of $52.01 and a 200 day moving average price of $39.36.

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 the consensus estimate 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 company had revenue of $698.48 million during the quarter, compared to the consensus estimate of $661.39 million. During the same quarter in the prior year, the company posted ($0.57) EPS. Analysts expect that Affirm Holdings, Inc. will post -0.53 EPS for the current fiscal year.

Affirm 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.