Affirm Holdings, Inc. (NASDAQ:AFRM) Stock Position Lifted by Quantinno Capital Management LP

Quantinno Capital Management LP grew its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 34.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 121,113 shares of the company’s stock after buying an additional 30,944 shares during the period. Quantinno Capital Management LP’s holdings in Affirm were worth $7,376,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Capital Research Global Investors lifted its holdings in Affirm by 2.0% during the 4th quarter. Capital Research Global Investors now owns 24,264,396 shares of the company’s stock worth $1,477,747,000 after buying an additional 470,409 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Affirm by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 21,815,563 shares of the company’s stock worth $1,328,568,000 after buying an additional 716,574 shares during the last quarter. Capital World Investors lifted its holdings in Affirm by 0.4% during the 4th quarter. Capital World Investors now owns 18,339,165 shares of the company’s stock worth $1,116,861,000 after buying an additional 72,582 shares during the last quarter. Durable Capital Partners LP raised its position in shares of Affirm by 97.3% during the 4th quarter. Durable Capital Partners LP now owns 5,858,283 shares of the company’s stock worth $356,769,000 after purchasing an additional 2,888,827 shares during the period. Finally, Jericho Capital Asset Management L.P. raised its position in shares of Affirm by 11.6% during the 4th quarter. Jericho Capital Asset Management L.P. now owns 5,198,039 shares of the company’s stock worth $316,561,000 after purchasing an additional 538,892 shares during the period. Institutional investors own 69.29% of the company’s stock.

Wall Street Analyst Weigh In

AFRM has been the topic of a number of research reports. JMP Securities dropped their price target on Affirm from $85.00 to $75.00 and set a “market outperform” rating on the stock in a research report on Friday, May 9th. Barclays increased their price target on Affirm from $45.00 to $53.00 and gave the stock an “overweight” rating in a research report on Monday. Bank of America increased their price target on Affirm from $76.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. TD Cowen initiated coverage on Affirm in a research report on Tuesday, April 8th. They set a “buy” rating and a $50.00 price target on the stock. Finally, Evercore ISI initiated coverage on Affirm in a research report on Wednesday, April 9th. They set an “outperform” rating and a $50.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Affirm presently has an average rating of “Moderate Buy” and a consensus target price of $65.05.

Affirm Stock Down 8.5%

Shares of AFRM stock opened at $51.75 on Friday. Affirm Holdings, Inc. has a 1 year low of $22.25 and a 1 year high of $82.53. The stock has a market cap of $16.46 billion, a PE ratio of -79.62 and a beta of 3.66. The business’s fifty day moving average is $46.54 and its 200-day moving average is $56.94. 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 issued its quarterly earnings results on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.10. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. The company had revenue of $783.14 million for the quarter, compared to analysts’ expectations of $782.98 million. During the same period last year, the firm earned ($0.43) EPS. The firm’s revenue for the quarter was up 35.9% on a year-over-year basis. Equities analysts expect that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Noel Bertram Watson sold 2,500 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $45.78, for a total transaction of $114,450.00. Following the completion of the sale, the director now directly owns 38,997 shares of the company’s stock, valued at $1,785,282.66. This trade represents a 6.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Keith Rabois sold 16,088 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $63.97, for a total value of $1,029,149.36. Following the sale, the director now directly owns 61,520 shares of the company’s stock, valued at approximately $3,935,434.40. This represents a 20.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,765 shares of company stock worth $2,694,694. 12.41% of the stock is owned by company insiders.

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.