Affirm Holdings, Inc. (NASDAQ:AFRM) Short Interest Down 10.0% in December

Affirm Holdings, Inc. (NASDAQ:AFRM) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totalling 15,020,000 shares, a decrease of 10.0% from the November 30th total of 16,690,000 shares. Currently, 5.8% of the shares of the stock are short sold. Based on an average daily volume of 9,560,000 shares, the short-interest ratio is presently 1.6 days.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Citizens Jmp upgraded Affirm from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 20th. Bank of America increased their target price on shares of Affirm from $50.00 to $74.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Barclays increased their price objective on shares of Affirm from $64.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a report on Friday, September 6th. Finally, Wedbush raised Affirm from an “underperform” rating to a “neutral” rating and raised their target price for the company from $25.00 to $45.00 in a research report on Monday, October 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Affirm presently has an average rating of “Moderate Buy” and a consensus target price of $60.94.

Affirm Stock Down 2.8 %

AFRM traded down $1.84 on Monday, hitting $62.80. The company had a trading volume of 546,984 shares, compared to its average volume of 8,891,628. Affirm has a 52-week low of $22.25 and a 52-week high of $73.34. The firm has a market capitalization of $19.72 billion, a P/E ratio of -44.23 and a beta of 3.66. The stock has a fifty day simple moving average of $59.34 and a 200-day simple moving average of $43.18. The company has a debt-to-equity ratio of 2.50, a current ratio of 12.60 and a quick ratio of 12.60.

Affirm (NASDAQ:AFRM) last posted 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 during the quarter, compared to the consensus estimate 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 company earned ($0.57) earnings per share. As a group, equities analysts expect that Affirm will post -0.53 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Noel Bertram Watson sold 2,500 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $72.05, for a total transaction of $180,125.00. Following the transaction, the director now directly owns 41,497 shares of the company’s stock, valued at $2,989,858.85. This represents a 5.68 % 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 the SEC website. Also, CFO Robert O’hare sold 100,938 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $55.00, for a total value of $5,551,590.00. The disclosure for this sale can be found here. Insiders sold a total of 1,300,851 shares of company stock valued at $84,875,518 in the last 90 days. Corporate insiders own 12.41% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. ORG Wealth Partners LLC bought a new stake in shares of Affirm in the third quarter worth approximately $29,000. Allspring Global Investments Holdings LLC increased its holdings in Affirm by 82.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock valued at $36,000 after buying an additional 540 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Affirm by 168.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after purchasing an additional 671 shares in the last quarter. Venturi Wealth Management LLC raised its stake in shares of Affirm by 200.5% in the third quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock worth $45,000 after buying an additional 732 shares during the period. Finally, Hanseatic Management Services Inc. purchased a new position in shares of Affirm in the third quarter valued at about $65,000. Institutional investors own 69.29% of the company’s stock.

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.