Friedenthal Financial Sells 5,588 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Friedenthal Financial cut its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRMFree Report) by 31.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,063 shares of the company’s stock after selling 5,588 shares during the quarter. Friedenthal Financial’s holdings in Affirm were worth $735,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Spyglass Capital Management LLC boosted its holdings in Affirm by 9.3% in the third quarter. Spyglass Capital Management LLC now owns 2,348,095 shares of the company’s stock valued at $95,849,000 after acquiring an additional 200,449 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Affirm by 44.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,203,210 shares of the company’s stock worth $89,935,000 after buying an additional 672,883 shares during the period. Dragoneer Investment Group LLC bought a new position in Affirm during the second quarter worth $45,219,000. Artemis Investment Management LLP acquired a new position in Affirm in the third quarter valued at $30,808,000. Finally, Bank of Montreal Can boosted its position in Affirm by 269.7% during the third quarter. Bank of Montreal Can now owns 724,336 shares of the company’s stock valued at $29,814,000 after acquiring an additional 528,400 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.

Insider Buying and Selling

In other Affirm news, COO Michael Linford sold 400,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $68.99, for a total value of $27,596,000.00. Following the completion of the sale, the chief operating officer now directly owns 85,420 shares of the company’s stock, valued at $5,893,125.80. This trade represents a 82.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Robert O’hare sold 100,938 shares of the company’s 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,323,478 shares of company stock valued at $86,285,371. 12.41% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AFRM has been the topic of a number of recent analyst reports. Jefferies Financial Group raised Affirm from a “hold” rating to a “buy” rating and boosted their price objective for the company from $70.00 to $82.00 in a research note on Thursday, December 19th. Citizens Jmp raised shares of Affirm from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 20th. Bank of America boosted their target price on shares of Affirm from $50.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Barclays lifted their price target on shares of Affirm from $64.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $46.00 price objective on shares of Affirm in a research report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $60.94.

View Our Latest Report on Affirm

Affirm Stock Performance

Shares of Affirm stock traded down $0.62 during mid-day trading on Monday, hitting $54.69. 7,063,219 shares of the stock were exchanged, compared to its average volume of 5,283,504. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $73.34. The company has a 50-day simple moving average of $63.00 and a 200 day simple moving average of $45.34. The company has a market capitalization of $17.18 billion, a P/E ratio of -38.51 and a beta of 3.67. The company has a debt-to-equity ratio of 2.50, a quick ratio of 12.60 and a current ratio of 12.60.

Affirm (NASDAQ:AFRMGet Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.05. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. The business had revenue of $698.48 million for the quarter, compared to analyst estimates of $661.39 million. During the same period last year, the company posted ($0.57) earnings per share. Sell-side 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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