O Neil Global Advisors Inc. Has $682,000 Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

O Neil Global Advisors Inc. trimmed its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 97.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 11,193 shares of the company’s stock after selling 369,202 shares during the quarter. O Neil Global Advisors Inc.’s holdings in Affirm were worth $682,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geneos Wealth Management Inc. lifted its holdings in shares of Affirm by 356.5% in 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 in the last quarter. R Squared Ltd bought a new position in shares of Affirm during the 4th quarter worth approximately $33,000. Advisors Asset Management Inc. lifted its holdings in Affirm by 168.2% during the third quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after acquiring an additional 671 shares during the period. Venturi Wealth Management LLC raised its stake in shares of Affirm by 200.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock worth $45,000 after purchasing an additional 732 shares during the period. Finally, Valley National Advisers Inc. purchased a new stake in Affirm during the fourth quarter worth about $61,000. 69.29% of the stock is owned by institutional investors.

Affirm Stock Performance

Affirm stock opened at $74.61 on Friday. Affirm Holdings, Inc. has a twelve month low of $22.25 and a twelve month high of $82.53. The company has a market capitalization of $23.73 billion, a P/E ratio of -114.78 and a beta of 3.66. The stock’s 50 day moving average is $64.66 and its 200 day moving average is $52.37. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share 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%. On average, equities research analysts predict that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Christa S. Quarles sold 5,000 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were 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 in the company, valued at $10,986,000. This represents a 3.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert O’hare sold 79,039 shares of Affirm stock in a transaction on Monday, November 25th. The stock was sold at an average price of $70.01, for a total transaction of $5,533,520.39. The disclosure for this sale can be found here. Insiders have sold a total of 754,482 shares of company stock valued at $52,297,805 in the last 90 days. 12.41% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on AFRM shares. Compass Point raised Affirm from a “sell” rating to a “neutral” rating and upped their price target for the company from $20.00 to $61.00 in a research report on Tuesday, January 28th. William Blair started coverage on Affirm in a research report on Wednesday, January 15th. They set an “outperform” rating on the stock. Bank of America boosted their price target on shares of Affirm from $50.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. lifted their price target on Affirm from $56.00 to $74.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. Finally, Morgan Stanley boosted their price target on shares of Affirm from $39.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 28th. Nine research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Affirm presently has a consensus rating of “Moderate Buy” and an average target price of $70.24.

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.