Proficio Capital Partners LLC Takes $8.83 Million Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Proficio Capital Partners LLC bought a new position in Affirm Holdings, Inc. (NASDAQ:AFRM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 145,003 shares of the company’s stock, valued at approximately $8,831,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AFRM. Holocene Advisors LP purchased a new stake in Affirm in the 3rd quarter worth approximately $27,872,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Affirm by 44.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,203,210 shares of the company’s stock valued at $89,935,000 after purchasing an additional 672,883 shares during the period. Bank of Montreal Can boosted its holdings in Affirm by 269.7% during the third quarter. Bank of Montreal Can now owns 724,336 shares of the company’s stock worth $29,814,000 after buying an additional 528,400 shares in the last quarter. Atreides Management LP purchased a new stake in Affirm during the third quarter worth $20,404,000. Finally, Quadrature Capital Ltd grew its position in Affirm by 214.4% during the third quarter. Quadrature Capital Ltd now owns 485,431 shares of the company’s stock valued at $19,820,000 after buying an additional 331,042 shares during the period. 69.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Affirm news, Director Noel Bertram Watson sold 2,500 shares of Affirm stock in a transaction on Monday, December 16th. The stock was sold at an average price of $72.05, for a total value of $180,125.00. Following the sale, the director now owns 41,497 shares in the company, valued at $2,989,858.85. The trade was a 5.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert O’hare sold 6,541 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $62.28, for a total value of $407,373.48. Following the transaction, the chief financial officer now owns 2,963 shares of the company’s stock, valued at approximately $184,535.64. This represents a 68.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 62,301 shares of company stock valued at $3,986,218 in the last 90 days. Company insiders own 12.41% of the company’s stock.

Affirm Stock Performance

NASDAQ AFRM opened at $50.08 on Friday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26. The stock’s fifty day moving average is $61.91 and its two-hundred day moving average is $55.79. The firm has a market capitalization of $15.93 billion, a P/E ratio of -77.05 and a beta of 3.63. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $82.53.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating 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, research analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AFRM. Mizuho increased their target price on shares of Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. upped their price target on Affirm from $56.00 to $74.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. Jefferies Financial Group raised Affirm from a “hold” rating to a “buy” rating and raised their price objective for the company from $70.00 to $82.00 in a report on Thursday, December 19th. JMP Securities upped their target price on Affirm from $78.00 to $85.00 and gave the stock a “market outperform” rating in a research note on Friday, February 7th. Finally, Citizens Jmp raised shares of Affirm from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 20th. Nine equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Affirm currently has an average rating of “Moderate Buy” and a consensus price target of $70.24.

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.