Bank of New York Mellon Corp Buys 5,169 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Bank of New York Mellon Corp boosted its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 885,097 shares of the company’s stock after purchasing an additional 5,169 shares during the quarter. Bank of New York Mellon Corp owned about 0.28% of Affirm worth $53,902,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Spyglass Capital Management LLC boosted its position in Affirm by 9.3% during the third quarter. Spyglass Capital Management LLC now owns 2,348,095 shares of the company’s stock valued at $95,849,000 after purchasing an additional 200,449 shares in the last quarter. Charles Schwab Investment Management Inc. raised 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 valued at $89,935,000 after buying an additional 672,883 shares during the last quarter. Artemis Investment Management LLP raised its stake in Affirm by 2.1% in the fourth quarter. Artemis Investment Management LLP now owns 770,245 shares of the company’s stock valued at $46,908,000 after buying an additional 15,517 shares during the last quarter. Bank of Montreal Can raised its stake in Affirm by 269.7% in the third quarter. Bank of Montreal Can now owns 724,336 shares of the company’s stock valued at $29,814,000 after buying an additional 528,400 shares during the last quarter. Finally, Holocene Advisors LP purchased a new stake in Affirm in the third quarter valued at about $27,872,000. Institutional investors own 69.29% of the company’s stock.

Insider Transactions at Affirm

In related news, CFO Robert O’hare sold 6,541 shares of Affirm stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $62.28, for a total transaction of $407,373.48. Following the transaction, the chief financial officer now owns 2,963 shares in the company, valued at approximately $184,535.64. This trade represents a 68.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Christa S. Quarles sold 5,000 shares of Affirm stock in a transaction that occurred on Friday, February 14th. The stock was 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 approximately $10,986,000. The trade was a 3.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 478,387 shares of company stock valued at $32,691,830 over the last ninety days. Insiders own 12.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on AFRM shares. William Blair started coverage on Affirm in a research note on Wednesday, January 15th. They issued an “outperform” rating for the company. JPMorgan Chase & Co. increased their price target on Affirm from $56.00 to $74.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. JMP Securities increased their price target on Affirm from $78.00 to $85.00 and gave the company a “market outperform” rating in a research note on Friday, February 7th. UBS Group increased their price target on Affirm from $46.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Finally, Barclays raised their price objective on Affirm from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, February 10th. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $70.24.

Affirm Stock Up 2.9 %

Shares of AFRM opened at $58.65 on Thursday. The company has a current ratio of 11.26, a quick ratio of 11.26 and a debt-to-equity ratio of 2.68. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $82.53. The stock’s 50 day moving average is $63.94 and its two-hundred day moving average is $54.89. The firm has a market cap of $18.65 billion, a P/E ratio of -90.23 and a beta of 3.66.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.44. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. Analysts predict that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

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.