Ieq Capital LLC Sells 246 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Ieq Capital LLC cut its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,199 shares of the company’s stock after selling 246 shares during the period. Ieq Capital LLC’s holdings in Affirm were worth $1,839,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Hanseatic Management Services Inc. boosted its position in Affirm by 12.1% in the 4th quarter. Hanseatic Management Services Inc. now owns 1,797 shares of the company’s stock valued at $109,000 after buying an additional 194 shares during the period. KBC Group NV boosted its holdings in shares of Affirm by 3.6% in the third quarter. KBC Group NV now owns 6,331 shares of the company’s stock valued at $258,000 after purchasing an additional 222 shares during the period. CIBC Asset Management Inc grew its stake in Affirm by 3.2% in the third quarter. CIBC Asset Management Inc now owns 7,520 shares of the company’s stock worth $307,000 after purchasing an additional 233 shares in the last quarter. Venturi Wealth Management LLC grew its stake in Affirm by 29.6% in the fourth quarter. Venturi Wealth Management LLC now owns 1,422 shares of the company’s stock worth $87,000 after purchasing an additional 325 shares in the last quarter. Finally, Waldron Private Wealth LLC increased its holdings in Affirm by 7.0% during the 4th quarter. Waldron Private Wealth LLC now owns 5,479 shares of the company’s stock worth $334,000 after purchasing an additional 357 shares during the period. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Insider Buying and Selling at Affirm

In related news, Director Noel Bertram Watson sold 2,500 shares of Affirm stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $72.05, for a total transaction of $180,125.00. Following the completion of the transaction, the director now directly owns 41,497 shares in the company, valued at approximately $2,989,858.85. This trade represents a 5.68 % decrease in their ownership of the stock. 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 16,086 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $60.12, for a total value of $967,090.32. Following the completion of the transaction, the director now directly owns 77,608 shares of the company’s stock, 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. In the last ninety days, insiders sold 579,111 shares of company stock worth $40,020,081. Company insiders own 12.41% of the company’s stock.

Affirm Trading Down 8.1 %

Shares of Affirm stock opened at $68.55 on Monday. The firm’s 50 day simple moving average is $64.62 and its two-hundred day simple moving average is $53.08. The firm has a market capitalization of $21.80 billion, a price-to-earnings ratio of -105.46 and a beta of 3.66. Affirm Holdings, Inc. has a 12-month low of $22.25 and a 12-month high of $82.53. The company has a current ratio of 11.26, a quick ratio of 11.26 and a debt-to-equity ratio of 2.68.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.23 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%. Analysts predict that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Analyst Upgrades and Downgrades

AFRM has been the topic of a number of recent research reports. Jefferies Financial Group raised Affirm from a “hold” rating to a “buy” rating and increased their price target for the stock from $70.00 to $82.00 in a research report on Thursday, December 19th. Citizens Jmp raised shares of Affirm from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 20th. Mizuho raised their target price on shares of Affirm from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. upped their price target on shares of Affirm from $56.00 to $74.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Finally, Bank of America lifted their price objective on shares of Affirm from $50.00 to $74.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.