Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 7.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,550 shares of the company’s stock after selling 5,410 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Affirm were worth $2,798,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AFRM. Vanguard Group Inc. increased its stake in Affirm by 6.8% in the first quarter. Vanguard Group Inc. now owns 20,823,803 shares of the company’s stock valued at $775,895,000 after purchasing an additional 1,316,901 shares during the period. Capital World Investors raised its stake in Affirm by 0.4% during the 1st quarter. Capital World Investors now owns 19,079,071 shares of the company’s stock valued at $710,886,000 after acquiring an additional 77,050 shares during the last quarter. Dragoneer Investment Group LLC acquired a new stake in Affirm during the 2nd quarter worth approximately $45,219,000. Bank of New York Mellon Corp grew its stake in shares of Affirm by 25.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 866,946 shares of the company’s stock valued at $26,190,000 after purchasing an additional 176,675 shares during the last quarter. Finally, Artemis Investment Management LLP purchased a new position in shares of Affirm in the 3rd quarter valued at approximately $30,808,000. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Affirm Stock Down 1.4 %

Shares of NASDAQ AFRM opened at $43.22 on Friday. The company has a debt-to-equity ratio of 2.41, a current ratio of 13.07 and a quick ratio of 13.07. The firm’s 50-day moving average is $41.92 and its two-hundred day moving average is $34.31. Affirm Holdings, Inc. has a 12-month low of $19.57 and a 12-month high of $52.48. The company has a market capitalization of $13.45 billion, a PE ratio of -25.73 and a beta of 3.50.

Affirm (NASDAQ:AFRM) last posted its earnings results on Wednesday, August 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.31. The firm had revenue of $659.19 million for the quarter, compared to analyst estimates of $599.50 million. Affirm had a negative return on equity of 15.55% and a negative net margin of 22.29%. Equities analysts anticipate that Affirm Holdings, Inc. will post -0.62 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AFRM has been the subject of several recent research reports. The Goldman Sachs Group increased their price target on Affirm from $46.00 to $54.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Mizuho restated an “outperform” rating and issued a $65.00 target price on shares of Affirm in a research note on Tuesday, August 27th. Barclays boosted their price target on shares of Affirm from $50.00 to $54.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $46.00 price objective on shares of Affirm in a report on Friday, October 4th. Finally, Wells Fargo & Company raised Affirm from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $40.00 to $52.00 in a research note on Friday, October 11th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Affirm currently has a consensus rating of “Hold” and a consensus price target of $43.08.

Insider Activity at Affirm

In related news, insider Katherine Adkins sold 82,316 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $45.00, for a total value of $3,704,220.00. Following the completion of the transaction, the insider now owns 91,499 shares of the company’s stock, valued at approximately $4,117,455. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Christa S. Quarles sold 14,400 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $40.02, for a total transaction of $576,288.00. Following the sale, the director now owns 141,903 shares in the company, valued at approximately $5,678,958.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Katherine Adkins sold 82,316 shares of Affirm stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $45.00, for a total transaction of $3,704,220.00. Following the completion of the sale, the insider now directly owns 91,499 shares of the company’s stock, valued at $4,117,455. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,800 shares of company stock valued at $4,554,288 over the last quarter. Insiders own 13.05% of the company’s stock.

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.