Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Sold by Rakuten Securities Inc.

Rakuten Securities Inc. reduced its position in Affirm Holdings, Inc. (NASDAQ:AFRM) by 45.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,741 shares of the company’s stock after selling 2,284 shares during the quarter. Rakuten Securities Inc.’s holdings in Affirm were worth $124,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. QRG Capital Management Inc. raised its holdings in Affirm by 2.8% in the first quarter. QRG Capital Management Inc. now owns 54,378 shares of the company’s stock valued at $2,457,000 after buying an additional 1,492 shares during the period. RJA Asset Management LLC increased its position in shares of Affirm by 39.4% in the first quarter. RJA Asset Management LLC now owns 553,827 shares of the company’s stock worth $25,027,000 after acquiring an additional 156,402 shares in the last quarter. Precision Wealth Strategies LLC acquired a new stake in shares of Affirm in the first quarter worth $406,000. Sowell Financial Services LLC purchased a new position in shares of Affirm in the 1st quarter valued at $225,000. Finally, Mission Wealth Management LP lifted its holdings in shares of Affirm by 4.1% during the 1st quarter. Mission Wealth Management LP now owns 20,303 shares of the company’s stock valued at $917,000 after acquiring an additional 803 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Stock Down 1.6%

Shares of NASDAQ:AFRM opened at $59.90 on Wednesday. The firm has a market cap of $19.32 billion, a PE ratio of -285.24, a price-to-earnings-growth ratio of 125.29 and a beta of 3.58. The company has a fifty day simple moving average of $50.85 and a 200 day simple moving average of $56.68. The company has a current ratio of 11.47, a quick ratio of 11.47 and a debt-to-equity ratio of 2.55. Affirm Holdings, Inc. has a 12-month low of $22.25 and a 12-month high of $82.53.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.10. The company had revenue of $783.14 million during the quarter, compared to analyst estimates of $782.98 million. Affirm had a negative net margin of 2.07% and a negative return on equity of 2.22%. The firm’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period last year, the business earned ($0.43) EPS. On average, equities research analysts anticipate that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Noel Bertram Watson sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $60.86, for a total value of $152,150.00. Following the completion of the sale, the director now directly owns 36,497 shares in the company, valued at approximately $2,221,207.42. The trade was a 6.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Keith Rabois sold 16,089 shares of the firm’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $51.00, for a total value of $820,539.00. Following the transaction, the director now owns 29,343 shares in the company, valued at $1,496,493. This trade represents a 35.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 34,677 shares of company stock worth $1,703,245. Corporate insiders own 11.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. JMP Securities lowered their price target on Affirm from $85.00 to $75.00 and set a “market outperform” rating for the company in a report on Friday, May 9th. Bank of America boosted their price objective on Affirm from $76.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. Susquehanna raised Affirm from a “neutral” rating to a “positive” rating and set a $65.00 target price for the company in a research report on Friday, May 9th. Compass Point upgraded Affirm from a “neutral” rating to a “buy” rating and raised their target price for the company from $61.00 to $64.00 in a report on Wednesday, March 19th. Finally, UBS Group reduced their price target on Affirm from $62.00 to $56.00 and set a “neutral” rating on the stock in a research report on Friday, May 9th. Nine research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $65.05.

Affirm Company 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.