AtonRa Partners Has $680,000 Stake in Affirm Holdings, Inc. (NASDAQ:AFRM)

AtonRa Partners lessened its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 23.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,830 shares of the company’s stock after selling 4,347 shares during the period. Affirm comprises 1.4% of AtonRa Partners’ holdings, making the stock its 15th largest holding. AtonRa Partners’ holdings in Affirm were worth $680,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Planned Solutions Inc. acquired a new position in Affirm during the fourth quarter valued at approximately $25,000. Creative Financial Designs Inc. ADV lifted its position in shares of Affirm by 82.2% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 665 shares of the company’s stock worth $33,000 after buying an additional 300 shares during the last quarter. Lindbrook Capital LLC boosted its stake in Affirm by 117.9% in the fourth quarter. Lindbrook Capital LLC now owns 1,386 shares of the company’s stock valued at $68,000 after buying an additional 750 shares in the last quarter. Whittier Trust Co. grew its position in Affirm by 9,900.0% in the fourth quarter. Whittier Trust Co. now owns 1,500 shares of the company’s stock valued at $74,000 after acquiring an additional 1,485 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in Affirm during the fourth quarter worth about $135,000. 69.29% of the stock is owned by institutional investors.

Insider Transactions at Affirm

In related news, Director Keith Rabois sold 9,276 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $34.39, for a total transaction of $319,001.64. Following the transaction, the director now directly owns 78,552 shares of the company’s stock, valued at $2,701,403.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 13.05% of the company’s stock.

Affirm Trading Up 0.3 %

NASDAQ:AFRM traded up $0.09 on Monday, reaching $33.42. 3,132,614 shares of the stock traded hands, compared to its average volume of 9,295,290. The company has a current ratio of 11.49, a quick ratio of 11.49 and a debt-to-equity ratio of 2.35. Affirm Holdings, Inc. has a 1-year low of $8.80 and a 1-year high of $52.48. The company’s 50 day moving average is $35.14 and its 200-day moving average is $35.32. The firm has a market capitalization of $10.26 billion, a price-to-earnings ratio of -13.42 and a beta of 3.58.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Thursday, February 8th. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.08. Affirm had a negative net margin of 39.19% and a negative return on equity of 25.10%. The company had revenue of $591.11 million during the quarter, compared to analysts’ expectations of $523.92 million. Equities research analysts anticipate that Affirm Holdings, Inc. will post -2.45 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AFRM shares. The Goldman Sachs Group lifted their price target on shares of Affirm from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Stephens boosted their target price on shares of Affirm from $6.00 to $16.00 and gave the stock an “underweight” rating in a research note on Friday, February 9th. Barclays dropped their price target on Affirm from $50.00 to $41.00 and set an “overweight” rating for the company in a research note on Tuesday, April 16th. Deutsche Bank Aktiengesellschaft boosted their price objective on Affirm from $24.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a research report on Tuesday, April 23rd. Six analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $27.86.

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.