Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Sold by Qsemble Capital Management LP

Qsemble Capital Management LP cut its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 26.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,427 shares of the company’s stock after selling 3,334 shares during the quarter. Qsemble Capital Management LP’s holdings in Affirm were worth $385,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in AFRM. Ridgewood Investments LLC acquired a new position in shares of Affirm during the 2nd quarter worth $27,000. ORG Wealth Partners LLC acquired a new position in shares of Affirm during the 3rd quarter worth $29,000. Allspring Global Investments Holdings LLC grew its stake in shares of Affirm by 82.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock worth $36,000 after purchasing an additional 540 shares during the period. ORG Partners LLC grew its stake in shares of Affirm by 80.0% during the 2nd quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock worth $37,000 after purchasing an additional 551 shares during the period. Finally, Advisors Asset Management Inc. grew its stake in shares of Affirm by 168.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after purchasing an additional 671 shares during the period. 69.29% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Affirm

In related news, insider Katherine Adkins sold 6,084 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $45.00, for a total value of $273,780.00. Following the transaction, the insider now owns 122,069 shares in the company, valued at approximately $5,493,105. This trade represents a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Robert O’hare sold 100,938 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $55.00, for a total transaction of $5,551,590.00. The disclosure for this sale can be found here. Insiders have sold a total of 868,253 shares of company stock worth $52,186,668 in the last three months. Company insiders own 12.41% of the company’s stock.

Affirm Trading Up 3.2 %

Shares of AFRM stock opened at $68.37 on Thursday. The firm has a market cap of $21.47 billion, a P/E ratio of -48.15 and a beta of 3.47. Affirm Holdings, Inc. has a 1-year low of $22.25 and a 1-year high of $70.20. The company has a debt-to-equity ratio of 2.50, a current ratio of 12.60 and a quick ratio of 12.60. The firm’s 50-day simple moving average is $47.84 and its 200-day simple moving average is $37.25.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, topping the consensus estimate of ($0.36) by $0.05. The business 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 period in the prior year, the firm posted ($0.57) EPS. As a group, equities analysts forecast that Affirm Holdings, Inc. will post -0.53 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AFRM. Barclays upped their price target on shares of Affirm from $64.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday. Mizuho increased their price objective on shares of Affirm from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Needham & Company LLC reissued a “hold” rating on shares of Affirm in a research note on Friday, September 6th. BTIG Research raised shares of Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Tuesday, October 8th. Finally, Wedbush raised shares of Affirm from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $25.00 to $45.00 in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $51.13.

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.