Atomi Financial Group Inc. Decreases Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

Atomi Financial Group Inc. reduced its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 7.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 64,796 shares of the company’s stock after selling 4,903 shares during the period. Atomi Financial Group Inc.’s holdings in Affirm were worth $3,946,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Ballentine Partners LLC purchased a new stake in Affirm during the fourth quarter valued at about $249,000. Diversify Advisory Services LLC raised its position in shares of Affirm by 8.7% in the fourth quarter. Diversify Advisory Services LLC now owns 116,743 shares of the company’s stock valued at $7,110,000 after purchasing an additional 9,364 shares during the period. Artemis Investment Management LLP lifted its stake in shares of Affirm by 2.1% during the 4th quarter. Artemis Investment Management LLP now owns 770,245 shares of the company’s stock valued at $46,908,000 after buying an additional 15,517 shares in the last quarter. Kera Capital Partners Inc. purchased a new stake in shares of Affirm during the 4th quarter valued at approximately $647,000. Finally, Hanseatic Management Services Inc. boosted its holdings in Affirm by 12.1% in the 4th quarter. Hanseatic Management Services Inc. now owns 1,797 shares of the company’s stock worth $109,000 after buying an additional 194 shares during the period. Institutional investors own 69.29% of the company’s stock.

Insider Buying and Selling at Affirm

In other news, Director Noel Bertram Watson sold 2,500 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $72.05, for a total transaction of $180,125.00. Following the completion of the transaction, the director now directly owns 41,497 shares of the company’s stock, valued at approximately $2,989,858.85. This represents a 5.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Robert O’hare sold 100,938 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was 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. Over the last 90 days, insiders sold 1,323,478 shares of company stock worth $86,285,371. 12.41% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Barclays boosted their target price on shares of Affirm from $64.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Wells Fargo & Company increased their price objective on Affirm from $55.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. William Blair began coverage on Affirm in a report on Wednesday, January 15th. They set an “outperform” rating for the company. The Goldman Sachs Group increased their price target on shares of Affirm from $57.00 to $78.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Affirm from $45.00 to $75.00 and gave the stock a “hold” rating in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.88.

Affirm Stock Performance

Shares of Affirm stock opened at $57.99 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. Affirm Holdings, Inc. has a 52-week low of $22.25 and a 52-week high of $73.34. The company has a fifty day moving average of $64.00 and a 200-day moving average of $46.49.

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