Certuity LLC Sells 4,298 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Certuity LLC reduced its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 14.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,458 shares of the company’s stock after selling 4,298 shares during the period. Certuity LLC’s holdings in Affirm were worth $1,202,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Affirm by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 18,737,059 shares of the company’s stock valued at $398,537,000 after purchasing an additional 213,421 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Affirm by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,298,330 shares of the company’s stock worth $27,615,000 after purchasing an additional 23,248 shares during the last quarter. Northern Trust Corp increased its position in shares of Affirm by 3.1% in the third quarter. Northern Trust Corp now owns 1,002,905 shares of the company’s stock worth $21,332,000 after purchasing an additional 30,552 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Affirm by 3.2% in the third quarter. Bank of New York Mellon Corp now owns 754,950 shares of the company’s stock worth $16,058,000 after buying an additional 23,268 shares in the last quarter. Finally, Swiss National Bank boosted its stake in Affirm by 1.8% in the third quarter. Swiss National Bank now owns 440,700 shares of the company’s stock worth $9,374,000 after buying an additional 7,800 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AFRM has been the subject of a number of research analyst reports. BMO Capital Markets raised their price target on Affirm from $44.00 to $47.00 and gave the stock a “market perform” rating in a research note on Monday, February 12th. Needham & Company LLC restated a “hold” rating on shares of Affirm in a research note on Tuesday, April 23rd. Wedbush reaffirmed an “underperform” rating and set a $20.00 price objective on shares of Affirm in a report on Friday, February 9th. Stephens upped their price objective on Affirm from $6.00 to $16.00 and gave the stock an “underweight” rating in a report on Friday, February 9th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Affirm from $24.00 to $35.00 and gave the company a “hold” rating in a report on Friday, February 9th. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $27.86.

Insider Buying and Selling at Affirm

In other Affirm news, Director Keith Rabois sold 9,276 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $34.39, for a total transaction of $319,001.64. Following the completion of the sale, the director now directly owns 78,552 shares in the company, valued at $2,701,403.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 13.05% of the stock is owned by insiders.

Affirm Stock Performance

Shares of NASDAQ AFRM traded down $1.31 during trading hours on Tuesday, reaching $32.11. The stock had a trading volume of 3,275,083 shares, compared to its average volume of 9,221,957. The company has a quick ratio of 11.49, a current ratio of 11.49 and a debt-to-equity ratio of 2.35. Affirm Holdings, Inc. has a fifty-two week low of $8.80 and a fifty-two week high of $52.48. The firm has a 50-day moving average of $35.14 and a 200-day moving average of $35.32.

Affirm (NASDAQ:AFRM) last issued its earnings results on Thursday, February 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.08. Affirm had a negative return on equity of 25.10% and a negative net margin of 39.19%. The business had revenue of $591.11 million during the quarter, compared to the consensus estimate of $523.92 million. As a group, equities research analysts expect that Affirm Holdings, Inc. will post -2.45 earnings per share 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.