Headlands Technologies LLC Acquires Shares of 31,829 Affirm Holdings, Inc. (NASDAQ:AFRM)

Headlands Technologies LLC purchased a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 31,829 shares of the company’s stock, valued at approximately $1,938,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geneos Wealth Management Inc. boosted its holdings in 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 purchasing an additional 410 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Affirm in the 4th quarter valued at approximately $33,000. Creative Financial Designs Inc. ADV boosted its stake in shares of Affirm by 640.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 740 shares of the company’s stock valued at $45,000 after buying an additional 640 shares in the last quarter. Prestige Wealth Management Group LLC grew its holdings in Affirm by 78.1% during the fourth quarter. Prestige Wealth Management Group LLC now owns 757 shares of the company’s stock worth $46,000 after acquiring an additional 332 shares during the period. Finally, Bogart Wealth LLC purchased a new position in Affirm in the fourth quarter worth $61,000. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Affirm Stock Up 0.7 %

Shares of NASDAQ:AFRM opened at $45.51 on Wednesday. Affirm Holdings, Inc. has a 12-month low of $22.25 and a 12-month high of $82.53. The stock’s 50-day moving average price is $59.42 and its two-hundred day moving average price is $56.54. The company has a current ratio of 11.26, a quick ratio of 11.26 and a debt-to-equity ratio of 2.68. The firm has a market cap of $14.47 billion, a price-to-earnings ratio of -70.02 and a beta of 3.63.

Affirm (NASDAQ:AFRM) last released its earnings results on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) 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%. On average, research analysts forecast that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Insider Activity at Affirm

In other news, Director Keith Rabois sold 16,086 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $62.32, for a total value of $1,002,479.52. Following the transaction, the director now owns 93,694 shares of the company’s stock, valued at approximately $5,839,010.08. This trade represents a 14.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Noel Bertram Watson sold 2,500 shares of Affirm stock in a transaction on Monday, March 17th. The shares were sold at an average price of $45.78, for a total transaction of $114,450.00. Following the transaction, the director now owns 38,997 shares in the company, valued at $1,785,282.66. The trade was a 6.02 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,301 shares of company stock worth $3,920,543. 12.41% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AFRM has been the topic of several research analyst reports. Seaport Res Ptn upgraded shares of Affirm to a “hold” rating in a research report on Monday, March 24th. BMO Capital Markets restated an “outperform” rating and set a $69.00 target price on shares of Affirm in a research report on Thursday, March 20th. Wells Fargo & Company lifted their price target on shares of Affirm from $70.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Susquehanna downgraded Affirm from a “positive” rating to a “neutral” rating and set a $57.00 price objective for the company. in a research note on Tuesday, January 21st. Finally, The Goldman Sachs Group decreased their target price on Affirm from $90.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $69.76.

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.