SG Americas Securities LLC reduced its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM – Get Rating) by 88.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,162 shares of the company's stock after selling 79,221 shares during the period. SG Americas Securities LLC's holdings in Affirm were worth $191,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. US Bancorp DE boosted its position in shares of Affirm by 2,007.4% during the 3rd quarter. US Bancorp DE now owns 1,433 shares of the company's stock worth $27,000 after purchasing an additional 1,365 shares in the last quarter. Covestor Ltd purchased a new stake in shares of Affirm during the 1st quarter worth $30,000. American International Group Inc. purchased a new stake in shares of Affirm during the 2nd quarter worth $33,000. Twin Lakes Capital Management LLC purchased a new stake in shares of Affirm during the 3rd quarter worth $34,000. Finally, Private Ocean LLC purchased a new stake in shares of Affirm in the 3rd quarter worth about $35,000. 67.49% of the stock is currently owned by hedge funds and other institutional investors.
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Insiders Place Their Bets
In other Affirm news, Director Keith Rabois sold 17,287 shares of the business's stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $9.18, for a total value of $158,694.66. Following the transaction, the director now owns 51,860 shares in the company, valued at approximately $476,074.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 12.11% of the stock is currently owned by company insiders.
Affirm Stock Performance
NASDAQ:AFRM opened at $21.14 on Friday. The company has a current ratio of 11.41, a quick ratio of 11.41 and a debt-to-equity ratio of 1.68. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of -9.31 and a beta of 3.27. The firm's fifty day simple moving average is $12.06 and its 200 day simple moving average is $19.22. Affirm Holdings, Inc. has a twelve month low of $8.62 and a twelve month high of $83.57.
Affirm (NASDAQ:AFRM – Get Rating) last posted its earnings results on Tuesday, November 8th. The company reported ($0.86) earnings per share for the quarter, missing the consensus estimate of ($0.82) by ($0.04). Affirm had a negative net margin of 45.24% and a negative return on equity of 25.51%. The business had revenue of $361.62 million for the quarter, compared to analyst estimates of $360.72 million. As a group, equities research analysts expect that Affirm Holdings, Inc. will post -3.5 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. Wedbush reduced their price target on shares of Affirm from $15.00 to $10.00 in a report on Wednesday, November 9th. Jefferies Financial Group dropped their price objective on shares of Affirm from $15.00 to $12.00 in a research note on Wednesday, November 9th. Stephens dropped their price objective on shares of Affirm from $18.00 to $15.00 and set an "underweight" rating for the company in a research note on Wednesday, November 9th. Truist Financial dropped their price objective on shares of Affirm from $30.00 to $21.00 in a research note on Wednesday, November 9th. Finally, UBS Group initiated coverage on shares of Affirm in a research note on Tuesday, November 29th. They set a "neutral" rating and a $14.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Affirm presently has a consensus rating of "Hold" and a consensus price target of $24.22.
About Affirm
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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 from one to sixty months.
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