Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lessened its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 5.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 95,324 shares of the company’s stock after selling 5,198 shares during the period. American Century Companies Inc.’s holdings in Affirm were worth $5,805,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Amundi grew its stake in shares of Affirm by 107.5% in the fourth quarter. Amundi now owns 603,437 shares of the company’s stock valued at $35,404,000 after buying an additional 312,620 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Affirm in the 4th quarter valued at about $14,591,000. Proficio Capital Partners LLC acquired a new stake in shares of Affirm during the fourth quarter worth about $8,831,000. Nordea Investment Management AB purchased a new position in shares of Affirm in the fourth quarter valued at approximately $6,380,000. Finally, Sora Investors LLC acquired a new position in shares of Affirm in the third quarter valued at approximately $2,857,000. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AFRM shares. The Goldman Sachs Group reduced their target price on shares of Affirm from $90.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. William Blair began coverage on Affirm in a report on Wednesday, January 15th. They issued an “outperform” rating for the company. Susquehanna downgraded Affirm from a “positive” rating to a “neutral” rating and set a $57.00 price target on the stock. in a report on Tuesday, January 21st. Seaport Res Ptn upgraded Affirm to a “hold” rating in a research note on Monday, March 24th. Finally, Wells Fargo & Company upped their target price on shares of Affirm from $70.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $69.76.

Insider Transactions at Affirm

In related news, Director Noel Bertram Watson sold 2,500 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $45.78, for a total transaction of $114,450.00. Following the completion of the transaction, the director now directly owns 38,997 shares of the company’s stock, valued at $1,785,282.66. This represents a 6.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Keith Rabois sold 16,086 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $60.12, for a total transaction of $967,090.32. Following the completion of the sale, the director now owns 77,608 shares of the company’s stock, valued at approximately $4,665,792.96. The trade was a 17.17 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 55,762 shares of company stock worth $3,241,246. Company insiders own 12.41% of the company’s stock.

Affirm Stock Down 8.1 %

Shares of NASDAQ AFRM opened at $35.75 on Friday. The stock has a market cap of $11.37 billion, a PE ratio of -55.00 and a beta of 3.63. Affirm Holdings, Inc. has a 52-week low of $22.25 and a 52-week high of $82.53. The business has a 50-day moving average price of $58.49 and a 200 day moving average price of $56.30. 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 (NASDAQ:AFRM) last announced its earnings results on Thursday, February 6th. The company reported $0.23 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%. Equities research analysts forecast that Affirm Holdings, Inc. will post -0.18 earnings per share for the current 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.