Nisa Investment Advisors LLC Increases Stake in Affirm Holdings, Inc. (NASDAQ:AFRM)

Nisa Investment Advisors LLC increased its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 13.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 77,500 shares of the company’s stock after acquiring an additional 8,950 shares during the period. Nisa Investment Advisors LLC’s holdings in Affirm were worth $4,720,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Spyglass Capital Management LLC boosted its holdings in shares of Affirm by 9.3% in the 3rd quarter. Spyglass Capital Management LLC now owns 2,348,095 shares of the company’s stock valued at $95,849,000 after purchasing an additional 200,449 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Affirm by 44.0% in the 3rd 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. Artemis Investment Management LLP boosted its holdings in Affirm by 2.1% in the fourth quarter. Artemis Investment Management LLP now owns 770,245 shares of the company’s stock valued at $46,908,000 after acquiring an additional 15,517 shares during the last quarter. Bank of Montreal Can grew 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 period. Finally, Holocene Advisors LP acquired a new stake in Affirm during the third quarter worth about $27,872,000. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on Affirm from $56.00 to $74.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. Royal Bank of Canada reiterated a “sector perform” rating and set a $46.00 price objective on shares of Affirm in a research note on Friday, October 4th. Susquehanna downgraded shares of Affirm from a “positive” rating to a “neutral” rating and set a $57.00 target price on the stock. in a research note on Tuesday. Morgan Stanley upgraded Affirm from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $22.00 to $37.00 in a report on Wednesday, October 9th. Finally, William Blair began coverage on Affirm in a research note on Wednesday, January 15th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $61.88.

Affirm Price Performance

Shares of NASDAQ:AFRM opened at $55.73 on Friday. The stock has a market cap of $17.50 billion, a price-to-earnings ratio of -39.25 and a beta of 3.67. 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 Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $73.34. The stock’s 50 day moving average price is $64.08 and its 200 day moving average price is $47.02.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data 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 company had revenue of $698.48 million for the quarter, compared to the consensus estimate of $661.39 million. During the same quarter in the previous year, the business earned ($0.57) EPS. Equities research analysts anticipate that Affirm Holdings, Inc. will post -0.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Affirm

In related news, insider Katherine Adkins sold 200,000 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 93,545 shares of the company’s stock, valued at $5,149,652.25. This represents a 68.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Libor Michalek sold 100,000 shares of Affirm stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $62.00, for a total transaction of $6,200,000.00. Following the completion of the transaction, the president now owns 159,449 shares in the company, valued at approximately $9,885,838. This trade represents a 38.54 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,323,478 shares of company stock valued at $86,285,371. 12.41% of the stock is owned by insiders.

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.