Hanseatic Management Services Inc. Takes Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Hanseatic Management Services Inc. bought a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) during the third quarter, Holdings Channel reports. The fund bought 1,603 shares of the company’s stock, valued at approximately $65,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in AFRM. Vanguard Group Inc. lifted its holdings in shares of Affirm by 6.8% during the 1st quarter. Vanguard Group Inc. now owns 20,823,803 shares of the company’s stock worth $775,895,000 after acquiring an additional 1,316,901 shares during the last quarter. Capital World Investors lifted its holdings in Affirm by 0.4% in the 1st quarter. Capital World Investors now owns 19,079,071 shares of the company’s stock worth $710,886,000 after buying an additional 77,050 shares during the period. Dragoneer Investment Group LLC bought a new stake in Affirm in the second quarter valued at $45,219,000. Bank of New York Mellon Corp increased its position in shares of Affirm by 25.6% during the second quarter. Bank of New York Mellon Corp now owns 866,946 shares of the company’s stock valued at $26,190,000 after buying an additional 176,675 shares during the period. Finally, Artemis Investment Management LLP bought a new position in shares of Affirm in the 3rd quarter worth approximately $30,808,000. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Mizuho reaffirmed an “outperform” rating and issued a $65.00 price target on shares of Affirm in a research note on Tuesday, August 27th. Barclays boosted their price objective on shares of Affirm from $50.00 to $54.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. BTIG Research upgraded shares of Affirm from a “neutral” rating to a “buy” rating and set a $68.00 target price for the company in a report on Tuesday, October 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 report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Affirm from $43.00 to $45.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $43.08.

Insiders Place Their Bets

In other news, insider Katherine Adkins sold 82,316 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $45.00, for a total value of $3,704,220.00. Following the completion of the sale, the insider now directly owns 91,499 shares of the company’s stock, valued at $4,117,455. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Christa S. Quarles sold 14,400 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $40.02, for a total value of $576,288.00. Following the transaction, the director now directly owns 141,903 shares of the company’s stock, valued at approximately $5,678,958.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Katherine Adkins sold 82,316 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $45.00, for a total transaction of $3,704,220.00. Following the sale, the insider now directly owns 91,499 shares of the company’s stock, valued at approximately $4,117,455. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,800 shares of company stock worth $4,554,288. Company insiders own 13.05% of the company’s stock.

Affirm Trading Up 9.6 %

Shares of AFRM stock opened at $50.00 on Thursday. The company has a debt-to-equity ratio of 2.41, a current ratio of 13.07 and a quick ratio of 13.07. The company has a market cap of $15.56 billion, a price-to-earnings ratio of -29.76 and a beta of 3.47. Affirm Holdings, Inc. has a 1 year low of $20.20 and a 1 year high of $52.48. The firm has a fifty day moving average price of $42.78 and a 200-day moving average price of $34.65.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings results on Wednesday, August 28th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.45) by $0.31. Affirm had a negative return on equity of 15.55% and a negative net margin of 22.29%. The business had revenue of $659.19 million during the quarter, compared to analysts’ expectations of $599.50 million. As a group, equities analysts predict that Affirm Holdings, Inc. will post -0.62 earnings per share for the current year.

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.