Edgestream Partners L.P. Grows Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

Edgestream Partners L.P. increased its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 29.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 65,342 shares of the company’s stock after acquiring an additional 14,947 shares during the period. Edgestream Partners L.P.’s holdings in Affirm were worth $2,667,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. KBC Group NV boosted its stake in shares of Affirm by 3.6% in the third quarter. KBC Group NV now owns 6,331 shares of the company’s stock valued at $258,000 after buying an additional 222 shares in the last quarter. CIBC Asset Management Inc increased its holdings in shares of Affirm by 3.2% in the 3rd quarter. CIBC Asset Management Inc now owns 7,520 shares of the company’s stock valued at $307,000 after purchasing an additional 233 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Affirm by 82.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock valued at $36,000 after purchasing an additional 540 shares during the period. ORG Partners LLC boosted its holdings in Affirm by 80.0% during the second quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock worth $37,000 after buying an additional 551 shares in the last quarter. Finally, Myecfo LLC grew its position in Affirm by 5.0% during the third quarter. Myecfo LLC now owns 12,260 shares of the company’s stock worth $500,000 after buying an additional 589 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AFRM shares. The Goldman Sachs Group boosted their price target on Affirm from $57.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday. Susquehanna upped their target price on Affirm from $52.00 to $57.00 and gave the company a “positive” rating in a report on Friday, November 8th. Morgan Stanley raised Affirm from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $22.00 to $37.00 in a research note on Wednesday, October 9th. Barclays increased their price objective on shares of Affirm from $64.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $46.00 price target on shares of Affirm in a 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 stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $55.33.

Insider Transactions at Affirm

In other Affirm news, insider Katherine Adkins sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $55.05, for a total value of $11,010,000.00. Following the completion of the transaction, the insider now owns 93,545 shares in the company, valued at $5,149,652.25. This represents a 68.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christa S. Quarles sold 14,400 shares of Affirm stock in a transaction that occurred on 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 in the company, valued at $5,678,958.06. This represents a 9.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 868,253 shares of company stock valued at $52,186,668 over the last 90 days. Corporate insiders own 12.41% of the company’s stock.

Affirm Stock Down 2.3 %

Shares of NASDAQ AFRM opened at $68.39 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 stock has a market capitalization of $21.48 billion, a PE ratio of -47.77 and a beta of 3.47. The firm has a fifty day moving average of $49.29 and a 200-day moving average of $38.02. Affirm Holdings, Inc. has a 52-week low of $22.25 and a 52-week high of $72.10.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.05. The company had revenue of $698.48 million for the quarter, compared to the consensus estimate 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 business posted ($0.57) EPS. On average, analysts anticipate that Affirm Holdings, Inc. will post -0.53 EPS for the current 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.