Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Sold by Brooklyn Investment Group

Brooklyn Investment Group lessened its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 28.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,382 shares of the company’s stock after selling 540 shares during the period. Brooklyn Investment Group’s holdings in Affirm were worth $84,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. ORG Wealth Partners LLC purchased a new stake in shares of Affirm during the third quarter worth approximately $29,000. Advisors Asset Management Inc. raised its position in 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 buying an additional 671 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Affirm by 200.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock worth $45,000 after acquiring an additional 732 shares during the period. Hanseatic Management Services Inc. acquired a new position in shares of Affirm during the third quarter worth about $65,000. Finally, Quarry LP acquired a new position in shares of Affirm during the second quarter worth about $109,000. 69.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AFRM. JPMorgan Chase & Co. lifted their price objective on Affirm from $56.00 to $74.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. JMP Securities raised Affirm from a “market perform” rating to an “outperform” rating and set a $78.00 price objective on the stock in a report on Friday, December 20th. The Goldman Sachs Group boosted their target price on shares of Affirm from $57.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday, December 2nd. Wells Fargo & Company boosted their target price on shares of Affirm from $55.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Morgan Stanley upgraded shares of Affirm from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $22.00 to $37.00 in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Affirm currently has a consensus rating of “Moderate Buy” and an average target price of $61.88.

Insider Activity at Affirm

In related news, CFO Robert O’hare sold 100,938 shares of Affirm stock in a transaction on Monday, November 11th. The stock was sold at an average price of $55.00, for a total value of $5,551,590.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Libor Michalek sold 6,629 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $72.08, for a total value of $477,818.32. Following the sale, the president now directly owns 160,601 shares of the company’s stock, valued at approximately $11,576,120.08. This trade represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,323,478 shares of company stock worth $86,285,371. 12.41% of the stock is currently owned by insiders.

Affirm Trading Down 0.0 %

Affirm stock opened at $57.99 on Monday. The stock has a market cap of $18.21 billion, a PE ratio of -40.84 and a beta of 3.67. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50. The stock has a 50-day moving average price of $64.00 and a 200 day moving average price of $46.29. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $73.34.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.05. The business had revenue of $698.48 million during 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 quarter in the previous year, the business posted ($0.57) earnings per share. Equities research analysts predict that Affirm Holdings, Inc. will post -0.53 earnings per share for the current fiscal year.

About Affirm

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.