Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Sold by Cwm LLC

Cwm LLC lowered its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 6.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,309 shares of the company’s stock after selling 345 shares during the quarter. Cwm LLC’s holdings in Affirm were worth $217,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its holdings in Affirm by 82.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock valued at $36,000 after purchasing an additional 540 shares during the last quarter. ORG Partners LLC boosted its holdings in Affirm by 80.0% in the second quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock valued at $37,000 after purchasing an additional 551 shares during the last quarter. Myecfo LLC boosted its holdings in Affirm by 5.0% in the third quarter. Myecfo LLC now owns 12,260 shares of the company’s stock valued at $500,000 after purchasing an additional 589 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in Affirm by 5.7% in the second quarter. Commonwealth Equity Services LLC now owns 12,548 shares of the company’s stock valued at $379,000 after purchasing an additional 680 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Affirm by 2.5% in the second quarter. AQR Capital Management LLC now owns 29,135 shares of the company’s stock valued at $880,000 after purchasing an additional 722 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wedbush raised Affirm from an “underperform” rating to a “neutral” rating and increased their price target for the company from $25.00 to $45.00 in a report on Monday, October 14th. BTIG Research raised Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price target for the company in a report on Tuesday, October 8th. Morgan Stanley raised Affirm from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $22.00 to $37.00 in a report on Wednesday, October 9th. Wells Fargo & Company raised Affirm from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $40.00 to $52.00 in a report on Friday, October 11th. Finally, The Goldman Sachs Group increased their target price on Affirm from $46.00 to $54.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $41.50.

Affirm Trading Up 0.8 %

Shares of NASDAQ AFRM opened at $43.99 on Wednesday. Affirm Holdings, Inc. has a 12-month low of $15.97 and a 12-month high of $52.48. The company has a current ratio of 13.07, a quick ratio of 13.07 and a debt-to-equity ratio of 2.41. The company has a market cap of $13.60 billion, a price-to-earnings ratio of -19.73 and a beta of 3.50. The stock’s 50 day simple moving average is $39.41 and its 200 day simple moving average is $33.72.

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

Insider Activity

In other news, Director Keith Rabois sold 9,275 shares of Affirm stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $26.90, for a total transaction of $249,497.50. Following the transaction, the director now directly owns 64,348 shares in the company, valued at approximately $1,730,961.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Christa S. Quarles sold 14,400 shares of Affirm stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $40.02, for a total value of $576,288.00. Following the transaction, the director now directly owns 141,903 shares in the company, valued at $5,678,958.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Keith Rabois sold 9,275 shares of Affirm stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $26.90, for a total value of $249,497.50. Following the completion of the transaction, the director now owns 64,348 shares in the company, valued at $1,730,961.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 112,075 shares of company stock worth $4,803,786. 13.05% of the stock is owned by company insiders.

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.