Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Sold by MML Investors Services LLC

MML Investors Services LLC decreased its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 21.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,018 shares of the company’s stock after selling 1,874 shares during the period. MML Investors Services LLC’s holdings in Affirm were worth $286,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AFRM. Spyglass Capital Management LLC boosted its stake in shares of Affirm by 9.3% in the 3rd quarter. Spyglass Capital Management LLC now owns 2,348,095 shares of the company’s stock valued at $95,849,000 after buying an additional 200,449 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Affirm by 44.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,203,210 shares of the company’s stock worth $89,935,000 after acquiring an additional 672,883 shares during the last quarter. Dragoneer Investment Group LLC purchased a new position in Affirm in the second quarter worth approximately $45,219,000. Bank of New York Mellon Corp grew its holdings in Affirm by 25.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 866,946 shares of the company’s stock worth $26,190,000 after acquiring an additional 176,675 shares in the last quarter. Finally, Artemis Investment Management LLP purchased a new stake in shares of Affirm in the 3rd quarter valued at approximately $30,808,000. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Affirm

In other news, COO Michael Linford sold 400,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $68.99, for a total transaction of $27,596,000.00. Following the sale, the chief operating officer now owns 85,420 shares of the company’s stock, valued at $5,893,125.80. The trade was a 82.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Robert O’hare sold 100,938 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $55.00, for a total value of $5,551,590.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,300,851 shares of company stock worth $84,875,518 over the last three months. 12.41% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on AFRM. Needham & Company LLC reaffirmed a “hold” rating on shares of Affirm in a report on Friday, September 6th. Citizens Jmp raised Affirm from a “hold” rating to a “strong-buy” rating in a report on Friday, December 20th. Susquehanna raised their price objective on shares of Affirm from $52.00 to $57.00 and gave the stock a “positive” rating in a report on Friday, November 8th. Bank of America upped their target price on shares of Affirm from $50.00 to $74.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, BTIG Research upgraded shares of Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $60.94.

Affirm Stock Up 1.5 %

Shares of Affirm stock opened at $65.90 on Thursday. The company has a market cap of $20.70 billion, a P/E ratio of -46.41 and a beta of 3.66. The firm has a fifty day moving average of $58.48 and a two-hundred day moving average of $42.71. The company has a debt-to-equity ratio of 2.50, a quick ratio of 12.60 and a current ratio of 12.60. Affirm Holdings, Inc. has a one year low of $22.25 and a one year high of $73.34.

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

Affirm 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.