Blueshift Asset Management LLC Has $386,000 Stock Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

Blueshift Asset Management LLC decreased its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 91.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,341 shares of the company’s stock after selling 64,521 shares during the quarter. Blueshift Asset Management LLC’s holdings in Affirm were worth $386,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in AFRM. Geneos Wealth Management Inc. raised its stake in shares of Affirm by 356.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock valued at $32,000 after buying an additional 410 shares in the last quarter. R Squared Ltd acquired a new position in shares of Affirm in the 4th quarter valued at $33,000. Advisors Asset Management Inc. increased its position in shares of Affirm by 168.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after purchasing an additional 671 shares in the last quarter. Creative Financial Designs Inc. ADV increased its position in shares of Affirm by 640.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 740 shares of the company’s stock worth $45,000 after purchasing an additional 640 shares in the last quarter. Finally, Valley National Advisers Inc. acquired a new stake in shares of Affirm during the 4th quarter worth about $61,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Stock Performance

Shares of NASDAQ:AFRM opened at $47.95 on Friday. The company has a market capitalization of $15.25 billion, a price-to-earnings ratio of -73.77 and a beta of 3.63. The firm’s 50 day simple moving average is $60.78 and its 200 day simple moving average is $55.89. The company has a debt-to-equity ratio of 2.68, a current ratio of 11.26 and a quick ratio of 11.26. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $82.53.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. As a group, sell-side analysts forecast that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Insiders Place Their Bets

In other Affirm news, CFO Robert O’hare sold 6,541 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $62.28, for a total transaction of $407,373.48. Following the sale, the chief financial officer now directly owns 2,963 shares in the company, valued at approximately $184,535.64. This trade represents a 68.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Noel Bertram Watson sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $45.78, for a total transaction of $114,450.00. Following the sale, the director now owns 38,997 shares in the company, valued at $1,785,282.66. This trade represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 62,301 shares of company stock worth $3,920,543. Company insiders own 12.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. JMP Securities increased their target price on shares of Affirm from $78.00 to $85.00 and gave the stock a “market outperform” rating in a research report on Friday, February 7th. Barclays increased their target price on shares of Affirm from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, February 10th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Affirm from $45.00 to $75.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Wells Fargo & Company increased their target price on shares of Affirm from $70.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Affirm from $56.00 to $74.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. Seven analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Affirm currently has a consensus rating of “Moderate Buy” and an average target price of $69.76.

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.