Affirm Holdings, Inc. (NASDAQ:AFRM) Stock Position Lifted by Natixis Advisors LLC

Natixis Advisors LLC grew its position in Affirm Holdings, Inc. (NASDAQ:AFRM) by 4.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,403 shares of the company’s stock after acquiring an additional 808 shares during the quarter. Natixis Advisors LLC’s holdings in Affirm were worth $1,182,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Geneos Wealth Management Inc. raised its holdings in shares of Affirm by 356.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock worth $32,000 after purchasing an additional 410 shares during the period. R Squared Ltd bought a new stake in shares of Affirm during the 4th quarter valued at about $33,000. Bogart Wealth LLC bought a new stake in shares of Affirm during the 4th quarter valued at about $61,000. Valley National Advisers Inc. bought a new position in Affirm in the fourth quarter worth about $61,000. Finally, Advisors Asset Management Inc. boosted its stake in Affirm by 168.2% in the third quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock valued at $44,000 after acquiring an additional 671 shares during the period. 69.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Affirm

In related news, Director Christa S. Quarles sold 5,000 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $80.00, for a total transaction of $400,000.00. Following the transaction, the director now directly owns 137,325 shares of the company’s stock, valued at approximately $10,986,000. The trade was a 3.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert O’hare sold 6,541 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $62.28, for a total value of $407,373.48. Following the sale, the chief financial officer now owns 2,963 shares of the company’s stock, valued at $184,535.64. The trade was a 68.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 62,301 shares of company stock worth $3,920,543. 12.41% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AFRM has been the topic of several recent research reports. Wells Fargo & Company raised their price target on Affirm from $70.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, February 7th. UBS Group raised their target price on Affirm from $46.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. William Blair assumed coverage on shares of Affirm in a research report on Wednesday, January 15th. They set an “outperform” rating for the company. Jefferies Financial Group upgraded shares of Affirm from a “hold” rating to a “buy” rating and lifted their price objective for the company from $70.00 to $82.00 in a research report on Thursday, December 19th. Finally, Barclays increased their price objective on Affirm from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $69.76.

Affirm Stock Performance

AFRM opened at $50.93 on Wednesday. The business has a fifty day simple moving average of $60.54 and a 200-day simple moving average of $56.32. The firm has a market cap of $16.20 billion, a PE ratio of -78.35 and a beta of 3.63. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68. 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 issued its quarterly earnings results on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.44. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. As a group, equities analysts predict that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal 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.