6,400 Shares in Affirm Holdings, Inc. (NASDAQ:AFRM) Acquired by Silverleafe Capital Partners LLC

Silverleafe Capital Partners LLC purchased a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,400 shares of the company’s stock, valued at approximately $390,000.

A number of other hedge funds have also recently made changes to their positions in AFRM. ORG Wealth Partners LLC bought a new stake in Affirm during the third quarter valued at $29,000. Allspring Global Investments Holdings LLC boosted its position in shares of Affirm by 82.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock valued at $36,000 after acquiring an additional 540 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Affirm by 168.2% during the third 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 increased its position 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 purchasing an additional 732 shares during the last quarter. Finally, Hanseatic Management Services Inc. purchased a new stake in Affirm in the third quarter valued at approximately $65,000. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Affirm

In related news, President Libor Michalek sold 6,629 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $72.08, for a total transaction of $477,818.32. Following the sale, the president now owns 160,601 shares in the company, valued at approximately $11,576,120.08. This represents a 3.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Michael Linford sold 400,000 shares of Affirm stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $68.99, for a total value of $27,596,000.00. Following the sale, the chief operating officer now owns 85,420 shares of the company’s stock, valued at approximately $5,893,125.80. This trade represents a 82.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,323,478 shares of company stock worth $86,285,371. 12.41% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AFRM shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of Affirm from $45.00 to $75.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Royal Bank of Canada restated a “sector perform” rating and set a $46.00 price target on shares of Affirm in a research report on Friday, October 4th. Jefferies Financial Group raised Affirm from a “hold” rating to a “buy” rating and lifted their price target for the stock from $70.00 to $82.00 in a research note on Thursday, December 19th. Susquehanna raised their price objective on Affirm from $52.00 to $57.00 and gave the company a “positive” rating in a report on Friday, November 8th. Finally, JMP Securities upgraded Affirm from a “market perform” rating to an “outperform” rating and set a $78.00 target price for the company in a research report on Friday, December 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $60.94.

Affirm Stock Down 1.5 %

Shares of NASDAQ:AFRM traded down $1.03 on Monday, hitting $65.47. 2,681,059 shares of the company traded hands, compared to its average volume of 3,986,858. The stock has a 50 day simple moving average of $61.37 and a 200-day simple moving average of $44.34. 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 market cap of $20.56 billion, a PE ratio of -46.11 and a beta of 3.67. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $73.34.

Affirm (NASDAQ:AFRM) last issued its earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.36) by $0.05. The business had revenue of $698.48 million during the quarter, compared to analysts’ expectations of $661.39 million. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.57%. During the same period in the previous year, the company earned ($0.57) earnings per share. As a group, research analysts expect that Affirm Holdings, Inc. will post -0.53 earnings per share for the current 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.