Affirm Holdings, Inc. (NASDAQ:AFRM) Position Decreased by Myecfo LLC

Myecfo LLC trimmed its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRMFree Report) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,005 shares of the company’s stock after selling 255 shares during the period. Myecfo LLC’s holdings in Affirm were worth $731,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of AFRM. Bank of Montreal Can raised its position in shares of Affirm by 2,305.3% during the second quarter. Bank of Montreal Can now owns 195,936 shares of the company’s stock worth $6,466,000 after purchasing an additional 187,790 shares during the period. Oppenheimer & Co. Inc. purchased a new position in Affirm in the 3rd quarter worth about $1,419,000. Quest Partners LLC acquired a new stake in Affirm during the 3rd quarter worth about $391,000. International Assets Investment Management LLC purchased a new stake in Affirm during the third quarter valued at about $731,000. Finally, Entropy Technologies LP acquired a new position in shares of Affirm in the third quarter worth about $464,000. Institutional investors own 69.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Jefferies Financial Group upgraded shares of Affirm from a “hold” rating to a “buy” rating and boosted their price target for the company from $70.00 to $82.00 in a report on Thursday, December 19th. BTIG Research raised shares of Affirm from a “neutral” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Tuesday, October 8th. JPMorgan Chase & Co. raised their target price on Affirm from $56.00 to $74.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Citizens Jmp raised Affirm from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 20th. Finally, Wedbush upgraded Affirm from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $25.00 to $45.00 in a research report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $60.94.

Check Out Our Latest Stock Report on Affirm

Insiders Place Their Bets

In other news, President Libor Michalek sold 6,629 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $72.08, for a total transaction of $477,818.32. Following the completion of the transaction, the president now directly owns 160,601 shares in the company, valued at $11,576,120.08. The trade was a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Katherine Adkins sold 200,000 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $55.05, for a total transaction of $11,010,000.00. Following the transaction, the insider now owns 93,545 shares of the company’s stock, valued at approximately $5,149,652.25. The trade was a 68.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,323,478 shares of company stock valued at $86,285,371 in the last quarter. Insiders own 12.41% of the company’s stock.

Affirm Price Performance

NASDAQ AFRM opened at $54.69 on Tuesday. The firm has a market cap of $17.18 billion, a P/E ratio of -38.51 and a beta of 3.67. The stock’s 50-day moving average is $63.22 and its two-hundred day moving average is $45.51. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $73.34. The company has a debt-to-equity ratio of 2.50, a current ratio of 12.60 and a quick ratio of 12.60.

Affirm (NASDAQ:AFRMGet Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.05. The company had revenue of $698.48 million for the quarter, compared to analyst estimates of $661.39 million. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.57%. During the same quarter last year, the firm posted ($0.57) earnings per share. On average, analysts anticipate that Affirm Holdings, Inc. will post -0.53 earnings per share for the current fiscal year.

About Affirm

(Free Report)

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.

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Institutional Ownership by Quarter for Affirm (NASDAQ:AFRM)

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