Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc increased its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 3.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,520 shares of the company’s stock after acquiring an additional 233 shares during the quarter. CIBC Asset Management Inc’s holdings in Affirm were worth $307,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in AFRM. KBC Group NV increased its stake in Affirm by 3.6% in the third quarter. KBC Group NV now owns 6,331 shares of the company’s stock valued at $258,000 after purchasing an additional 222 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Affirm by 82.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock worth $36,000 after acquiring an additional 540 shares in the last quarter. ORG Partners LLC increased its stake in Affirm by 80.0% during the second quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock valued at $37,000 after purchasing an additional 551 shares during the last quarter. Myecfo LLC raised its stake in Affirm by 5.0% during the third quarter. Myecfo LLC now owns 12,260 shares of the company’s stock worth $500,000 after acquiring an additional 589 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake in Affirm by 5.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 12,548 shares of the company’s stock worth $379,000 after buying an additional 680 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Insider Activity

In other news, insider Katherine Adkins sold 6,084 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $45.00, for a total value of $273,780.00. Following the completion of the transaction, the insider now owns 122,069 shares in the company, valued at $5,493,105. This trade represents a 4.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Robert O’hare sold 100,938 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $55.00, for a total transaction of $5,551,590.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 503,738 shares of company stock valued at $27,315,878. Corporate insiders own 12.41% of the company’s stock.

Affirm Trading Up 4.0 %

Shares of AFRM stock opened at $65.74 on Friday. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50. The company has a 50 day moving average of $46.44 and a 200-day moving average of $36.50. Affirm Holdings, Inc. has a 12-month low of $22.25 and a 12-month high of $66.61. The firm has a market cap of $20.65 billion, a P/E ratio of -46.30 and a beta of 3.47.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.05. The business had revenue of $698.48 million for the quarter, compared to analysts’ expectations of $661.39 million. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. During the same quarter in the prior year, the firm posted ($0.57) EPS. Sell-side analysts anticipate that Affirm Holdings, Inc. will post -0.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on AFRM shares. Bank of America increased their target price on shares of Affirm from $36.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Morgan Stanley upgraded shares of Affirm from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $22.00 to $37.00 in a report on Wednesday, October 9th. Mizuho upped their target price on Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Tuesday. Royal Bank of Canada reissued a “sector perform” rating and issued a $46.00 price objective on shares of Affirm in a research note on Friday, October 4th. Finally, BTIG Research raised Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $46.85.

Affirm Company 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.