Blueshift Asset Management LLC Acquires 44,788 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Blueshift Asset Management LLC boosted its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 171.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 70,862 shares of the company’s stock after buying an additional 44,788 shares during the quarter. Affirm makes up approximately 0.7% of Blueshift Asset Management LLC’s portfolio, making the stock its 21st largest holding. Blueshift Asset Management LLC’s holdings in Affirm were worth $2,893,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Bank of Montreal Can raised its position in shares of Affirm by 2,305.3% in the second quarter. Bank of Montreal Can now owns 195,936 shares of the company’s stock valued at $6,466,000 after purchasing an additional 187,790 shares during the period. Oppenheimer & Co. Inc. purchased a new position in Affirm in the 3rd quarter valued at approximately $1,419,000. International Assets Investment Management LLC bought a new stake in Affirm during the 3rd quarter valued at $731,000. Entropy Technologies LP bought a new position in shares of Affirm in the third quarter worth $464,000. Finally, Quest Partners LLC purchased a new position in shares of Affirm in the third quarter valued at $391,000. Institutional investors own 69.29% of the company’s stock.

Insider Buying and Selling at Affirm

In other news, CFO Robert O’hare sold 100,938 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $55.00, for a total value of $5,551,590.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Libor Michalek sold 100,000 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $62.00, for a total transaction of $6,200,000.00. Following the transaction, the president now owns 159,449 shares in the company, valued at $9,885,838. This represents a 38.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 868,253 shares of company stock worth $52,186,668. 12.41% of the stock is currently owned by company insiders.

Affirm Trading Down 4.4 %

AFRM opened at $66.27 on Wednesday. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $70.20. The business’s 50-day moving average price is $47.39 and its 200-day moving average price is $37.01. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.05. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. The firm had revenue of $698.48 million during the quarter, compared to analyst estimates of $661.39 million. During the same quarter in the prior year, the firm posted ($0.57) earnings per share. On average, analysts expect that Affirm Holdings, Inc. will post -0.53 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on AFRM shares. BTIG Research raised Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price objective on the stock in a report on Tuesday, October 8th. Morgan Stanley upgraded shares of Affirm from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $22.00 to $37.00 in a research report on Wednesday, October 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of Affirm in a research note on Friday, September 6th. JPMorgan Chase & Co. increased their target price on shares of Affirm from $47.00 to $56.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Finally, Wells Fargo & Company boosted their price target on shares of Affirm from $52.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Affirm has an average rating of “Hold” and a consensus price target of $51.13.

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.