Hanseatic Management Services Inc. Purchases 194 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Hanseatic Management Services Inc. increased its position in Affirm Holdings, Inc. (NASDAQ:AFRM) by 12.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,797 shares of the company’s stock after acquiring an additional 194 shares during the period. Hanseatic Management Services Inc.’s holdings in Affirm were worth $109,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AFRM. Bank of Montreal Can lifted its holdings in shares of Affirm by 2,305.3% during the second quarter. Bank of Montreal Can now owns 195,936 shares of the company’s stock valued at $6,466,000 after purchasing an additional 187,790 shares in the last quarter. Oppenheimer & Co. Inc. purchased a new position in Affirm in the 3rd quarter worth about $1,419,000. Quest Partners LLC bought a new position in Affirm during the 3rd quarter valued at about $391,000. International Assets Investment Management LLC purchased a new stake in shares of Affirm during the 3rd quarter valued at about $731,000. Finally, Entropy Technologies LP bought a new stake in shares of Affirm in the third quarter worth approximately $464,000. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Affirm Stock Down 0.0 %

Shares of AFRM stock opened at $57.99 on Friday. 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 Holdings, Inc. has a one year low of $22.25 and a one year high of $73.34. The company’s fifty day moving average price is $64.00 and its 200-day moving average price is $46.17. The company has a market capitalization of $18.21 billion, a price-to-earnings ratio of -40.84 and a beta of 3.67.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings results 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. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. The business had revenue of $698.48 million during the quarter, compared to analyst estimates of $661.39 million. During the same quarter in the prior year, the business posted ($0.57) EPS. Sell-side analysts expect that Affirm Holdings, Inc. will post -0.53 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Robert O’hare sold 6,541 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $62.28, for a total transaction of $407,373.48. Following the completion of the transaction, the chief financial officer now directly owns 2,963 shares of the company’s stock, valued at approximately $184,535.64. This trade represents a 68.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Libor Michalek sold 6,629 shares of the business’s 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 completion of the sale, the president now owns 160,601 shares in the company, valued at approximately $11,576,120.08. The trade was a 3.96 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,323,478 shares of company stock valued at $86,285,371. Corporate insiders own 12.41% of the company’s stock.

Analyst Ratings Changes

AFRM has been the topic of a number of research analyst reports. Citizens Jmp upgraded shares of Affirm from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 20th. Wedbush raised Affirm from an “underperform” rating to a “neutral” rating and increased their price target for the company from $25.00 to $45.00 in a report on Monday, October 14th. 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. Morgan Stanley raised Affirm from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $22.00 to $37.00 in a report on Wednesday, October 9th. Finally, William Blair assumed coverage on shares of Affirm in a research report on Wednesday. They set an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $61.88.

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.