Edgestream Partners L.P. Has $1.80 Million Stake in Affirm Holdings, Inc. (NASDAQ:AFRM)

Edgestream Partners L.P. decreased its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 54.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,481 shares of the company’s stock after selling 35,861 shares during the quarter. Edgestream Partners L.P.’s holdings in Affirm were worth $1,795,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Spyglass Capital Management LLC raised its stake in Affirm by 9.3% during the third quarter. Spyglass Capital Management LLC now owns 2,348,095 shares of the company’s stock worth $95,849,000 after acquiring an additional 200,449 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Affirm by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,272,058 shares of the company’s stock worth $138,368,000 after acquiring an additional 68,848 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Affirm by 0.6% during the fourth quarter. Bank of New York Mellon Corp now owns 885,097 shares of the company’s stock worth $53,902,000 after acquiring an additional 5,169 shares in the last quarter. Artemis Investment Management LLP grew its holdings in shares of Affirm by 2.1% during the fourth quarter. Artemis Investment Management LLP now owns 770,245 shares of the company’s stock worth $46,908,000 after purchasing an additional 15,517 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Affirm by 269.7% during the third quarter. Bank of Montreal Can now owns 724,336 shares of the company’s stock worth $29,814,000 after purchasing an additional 528,400 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Price Performance

Affirm stock opened at $46.40 on Tuesday. The stock has a market capitalization of $14.76 billion, a price-to-earnings ratio of -71.38 and a beta of 3.63. Affirm Holdings, Inc. has a 52-week low of $22.25 and a 52-week high of $82.53. The stock’s 50 day moving average price is $63.08 and its two-hundred day moving average price is $55.50. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.44. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. On average, equities analysts predict that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Insider Transactions at Affirm

In other news, COO Michael Linford sold 400,000 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $68.99, for a total transaction of $27,596,000.00. Following the transaction, the chief operating officer now directly owns 85,420 shares of the company’s stock, valued at $5,893,125.80. This represents a 82.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Keith Rabois sold 16,086 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 77,608 shares in the company, valued at $4,665,792.96. The trade was a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 478,387 shares of company stock valued at $32,691,830 over the last ninety days. 12.41% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on AFRM. Royal Bank of Canada boosted their price target on Affirm from $67.00 to $81.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. Wells Fargo & Company boosted their price target on Affirm from $70.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. Barclays boosted their price target on Affirm from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft boosted their price target on Affirm from $45.00 to $75.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Finally, Jefferies Financial Group upgraded Affirm from a “hold” rating to a “buy” rating and boosted their price target for the stock from $70.00 to $82.00 in a report on Thursday, December 19th. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $70.24.

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.