Mariner LLC Sells 2,382 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Mariner LLC lowered its position in Affirm Holdings, Inc. (NASDAQ:AFRM) by 4.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 54,339 shares of the company’s stock after selling 2,382 shares during the quarter. Mariner LLC’s holdings in Affirm were worth $3,309,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Stifel Financial Corp bought a new position in shares of Affirm in the third quarter worth approximately $228,000. Tidal Investments LLC lifted its holdings in shares of Affirm by 208.6% during the 3rd quarter. Tidal Investments LLC now owns 21,775 shares of the company’s stock worth $889,000 after acquiring an additional 14,720 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in Affirm in the third quarter worth $2,644,000. Versant Capital Management Inc raised its position in Affirm by 20.8% during the fourth quarter. Versant Capital Management Inc now owns 3,405 shares of the company’s stock valued at $207,000 after purchasing an additional 586 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Affirm by 21.5% during the fourth quarter. GAMMA Investing LLC now owns 4,177 shares of the company’s stock worth $254,000 after purchasing an additional 738 shares during the last quarter. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Affirm

In other Affirm news, Director Christa S. Quarles sold 5,000 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $80.00, for a total value of $400,000.00. Following the transaction, the director now owns 137,325 shares of the company’s stock, valued at approximately $10,986,000. This represents a 3.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Keith Rabois sold 16,088 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $45.41, for a total value of $730,556.08. Following the sale, the director now owns 45,432 shares of the company’s stock, valued at approximately $2,063,067.12. This represents a 26.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,762 shares of company stock worth $3,241,246 over the last three months. 12.41% of the stock is currently owned by company insiders.

Affirm Trading Down 3.4 %

Shares of NASDAQ AFRM opened at $40.65 on Tuesday. The company has a market cap of $12.93 billion, a PE ratio of -62.54 and a beta of 3.68. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26. The firm’s 50 day moving average price is $52.14 and its 200-day moving average price is $56.26. Affirm Holdings, Inc. has a 52-week low of $22.25 and a 52-week high of $82.53.

Affirm (NASDAQ:AFRM) last posted its 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%. On average, equities research analysts expect that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on AFRM shares. Barclays increased their price target on shares of Affirm from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, February 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of Affirm in a research note on Friday, February 7th. Susquehanna lowered Affirm from a “positive” rating to a “neutral” rating and set a $57.00 price objective for the company. in a research note on Tuesday, January 21st. Wells Fargo & Company lowered their price target on shares of Affirm from $85.00 to $67.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. Finally, Royal Bank of Canada upped their price objective on shares of Affirm from $67.00 to $81.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Affirm presently has an average rating of “Moderate Buy” and a consensus price target of $66.74.

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.