Xponance Inc. Has $258,000 Stock Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Xponance Inc. lowered its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 4.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,543 shares of the company’s stock after selling 390 shares during the quarter. Xponance Inc.’s holdings in Affirm were worth $258,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Global Wealth Strategies & Associates increased its position in shares of Affirm by 94.0% during the 1st quarter. Global Wealth Strategies & Associates now owns 970 shares of the company’s stock worth $36,000 after purchasing an additional 470 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Affirm by 82.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock valued at $36,000 after acquiring an additional 540 shares in the last quarter. ORG Partners LLC raised its stake in shares of Affirm by 80.0% in the second quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock worth $37,000 after acquiring an additional 551 shares during the last quarter. Raleigh Capital Management Inc. bought a new position in shares of Affirm in the fourth quarter worth about $33,000. Finally, Myecfo LLC raised its stake in shares of Affirm by 6.1% in the second quarter. Myecfo LLC now owns 11,671 shares of the company’s stock worth $353,000 after acquiring an additional 676 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Stock Down 5.7 %

Shares of NASDAQ AFRM opened at $38.48 on Wednesday. The stock has a market cap of $11.90 billion, a P/E ratio of -17.26 and a beta of 3.51. The firm has a 50 day moving average price of $34.56 and a 200 day moving average price of $32.96. The company has a debt-to-equity ratio of 2.41, a quick ratio of 13.07 and a current ratio of 13.07. Affirm Holdings, Inc. has a 52-week low of $15.97 and a 52-week high of $52.48.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Wednesday, August 28th. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.45) by $0.31. The company had revenue of $659.19 million during the quarter, compared to analysts’ expectations of $599.50 million. Affirm had a negative net margin of 22.29% and a negative return on equity of 15.55%. Analysts expect that Affirm Holdings, Inc. will post -0.82 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on AFRM. Royal Bank of Canada boosted their target price on shares of Affirm from $43.00 to $46.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 29th. Wedbush boosted their target price on shares of Affirm from $20.00 to $25.00 and gave the stock an “underperform” rating in a research note on Thursday, August 29th. JPMorgan Chase & Co. boosted their target price on shares of Affirm from $43.00 to $45.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Mizuho reaffirmed an “outperform” rating and issued a $65.00 target price on shares of Affirm in a research note on Tuesday, August 27th. Finally, Susquehanna initiated coverage on shares of Affirm in a research note on Friday, September 20th. They issued a “positive” rating and a $52.00 target price for the company. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Affirm has a consensus rating of “Hold” and an average price target of $35.53.

Insider Activity

In other news, insider Katherine Adkins sold 82,316 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $45.00, for a total value of $3,704,220.00. Following the completion of the transaction, the insider now owns 91,499 shares in the company, valued at $4,117,455. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Katherine Adkins sold 82,316 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $45.00, for a total value of $3,704,220.00. Following the completion of the transaction, the insider now owns 91,499 shares in the company, valued at $4,117,455. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Keith Rabois sold 9,275 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $26.90, for a total transaction of $249,497.50. Following the completion of the transaction, the director now owns 64,348 shares of the company’s stock, valued at approximately $1,730,961.20. The disclosure for this sale can be found here. Insiders sold 112,075 shares of company stock worth $4,803,786 over the last quarter. 13.05% of the stock is currently owned by company insiders.

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.