Quantbot Technologies LP Has $1.92 Million Stake in Affirm Holdings, Inc. (NASDAQ:AFRM)

Quantbot Technologies LP decreased its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 50.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 31,465 shares of the company’s stock after selling 31,463 shares during the period. Quantbot Technologies LP’s holdings in Affirm were worth $1,916,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of AFRM. Geneos Wealth Management Inc. grew its stake in shares of Affirm by 356.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock valued at $32,000 after purchasing an additional 410 shares during the last quarter. R Squared Ltd bought a new stake in shares of Affirm during the fourth quarter valued at approximately $33,000. Advisors Asset Management Inc. grew its stake in shares of Affirm by 168.2% during the third quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock valued at $44,000 after purchasing an additional 671 shares during the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of Affirm by 640.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 740 shares of the company’s stock valued at $45,000 after purchasing an additional 640 shares during the last quarter. Finally, Valley National Advisers Inc. bought a new stake in shares of Affirm during the fourth quarter valued at approximately $61,000. 69.29% of the stock is owned by institutional investors.

Affirm Trading Up 4.1 %

Shares of NASDAQ:AFRM opened at $49.90 on Monday. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $82.53. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68. The company’s fifty day simple moving average is $60.68 and its 200 day simple moving average is $56.14. The firm has a market cap of $15.87 billion, a price-to-earnings ratio of -76.77 and a beta of 3.63.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data 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 net margin of 7.10% and a negative return on equity of 7.25%. As a group, research analysts forecast that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Insider Buying and Selling

In other Affirm news, Director Keith Rabois sold 16,088 shares of Affirm stock in a transaction on Monday, March 3rd. The shares were 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 in the company, valued at approximately $3,935,434.40. The trade was a 20.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Noel Bertram Watson sold 2,500 shares of Affirm stock in a transaction on Monday, March 17th. The shares were 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 owns 38,997 shares in the company, valued at $1,785,282.66. The trade was a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 62,301 shares of company stock worth $3,920,543 over the last ninety days. Company insiders own 12.41% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on AFRM shares. Susquehanna cut shares of Affirm from a “positive” rating to a “neutral” rating and set a $57.00 price target on the stock. in a research note on Tuesday, January 21st. William Blair assumed coverage on shares of Affirm in a research note on Wednesday, January 15th. They issued an “outperform” rating on the stock. The Goldman Sachs Group reduced their price objective on shares of Affirm from $90.00 to $56.00 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. Wells Fargo & Company raised their price objective on shares of Affirm from $70.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Finally, Morgan Stanley raised their price objective on shares of Affirm from $39.00 to $55.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 28th. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $69.76.

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.