Lecap Asset Management Ltd. Sells 22,828 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Lecap Asset Management Ltd. reduced its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 43.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,147 shares of the company’s stock after selling 22,828 shares during the period. Lecap Asset Management Ltd.’s holdings in Affirm were worth $1,775,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. ORG Wealth Partners LLC bought a new position in shares of Affirm in the third quarter worth about $29,000. Geneos Wealth Management Inc. grew 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 buying an additional 410 shares during the last quarter. R Squared Ltd bought a new position in Affirm in the 4th quarter worth approximately $33,000. Advisors Asset Management Inc. lifted its holdings in shares of Affirm by 168.2% during the third quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after buying an additional 671 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Affirm by 200.5% during the third quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock worth $45,000 after buying an additional 732 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Wedbush raised shares of Affirm from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $25.00 to $45.00 in a research report on Monday, October 14th. JPMorgan Chase & Co. upped their price objective on shares of Affirm from $56.00 to $74.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. Wells Fargo & Company lifted their target price on Affirm from $55.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. JMP Securities raised Affirm from a “market perform” rating to an “outperform” rating and set a $78.00 price target for the company in a report on Friday, December 20th. Finally, Mizuho lifted their price objective on Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Affirm has a consensus rating of “Moderate Buy” and an average target price of $62.88.

Affirm Stock Performance

Shares of NASDAQ:AFRM opened at $61.75 on Friday. The firm has a market cap of $19.39 billion, a PE ratio of -43.49 and a beta of 3.66. Affirm Holdings, Inc. has a 12-month low of $22.25 and a 12-month high of $73.34. 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 company’s 50 day moving average price is $62.98 and its two-hundred day moving average price is $48.86.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.44. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. Equities research analysts predict that Affirm Holdings, Inc. will post -0.62 earnings per share for the current year.

Insider Buying and Selling at Affirm

In other Affirm news, CFO Robert O’hare sold 100,938 shares of Affirm stock in a transaction on Monday, November 11th. The shares were sold at an average price of $55.00, for a total value of $5,551,590.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Keith Rabois sold 16,086 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $60.12, for a total value of $967,090.32. Following the completion of the transaction, the director now owns 77,608 shares in the company, valued at approximately $4,665,792.96. This represents a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,339,564 shares of company stock worth $87,252,461. Insiders own 12.41% of the company’s stock.

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.