Affirm Holdings, Inc. $AFRM Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. lowered its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 11.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 134,385 shares of the company’s stock after selling 18,066 shares during the period. Affirm makes up 0.7% of Landscape Capital Management L.L.C.’s holdings, making the stock its 15th biggest holding. Landscape Capital Management L.L.C.’s holdings in Affirm were worth $10,002,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in Affirm by 2.1% during the 1st quarter. Royal Bank of Canada now owns 193,601 shares of the company’s stock worth $8,748,000 after acquiring an additional 3,892 shares in the last quarter. Empowered Funds LLC grew its holdings in Affirm by 90.7% during the 1st quarter. Empowered Funds LLC now owns 16,852 shares of the company’s stock worth $762,000 after acquiring an additional 8,014 shares in the last quarter. Focus Partners Wealth acquired a new position in Affirm during the 1st quarter worth approximately $243,000. EverSource Wealth Advisors LLC grew its holdings in Affirm by 18.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,738 shares of the company’s stock worth $189,000 after acquiring an additional 427 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in Affirm by 44.8% during the 2nd quarter. First Trust Advisors LP now owns 191,525 shares of the company’s stock worth $13,242,000 after acquiring an additional 59,297 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Insider Buying and Selling

In related news, Director Noel Bertram Watson sold 2,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $65.00, for a total value of $130,000.00. Following the completion of the sale, the director owned 36,076 shares in the company, valued at $2,344,940. This represents a 5.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.01% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on AFRM. Royal Bank Of Canada boosted their price objective on shares of Affirm from $77.00 to $80.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Citizens Jmp reduced their price objective on shares of Affirm from $105.00 to $85.00 and set a “market outperform” rating for the company in a research report on Friday, April 17th. The Goldman Sachs Group downgraded shares of Affirm from a “buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Needham & Company LLC boosted their price objective on shares of Affirm from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Finally, Mizuho boosted their price objective on shares of Affirm from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Affirm currently has an average rating of “Moderate Buy” and an average target price of $86.20.

Affirm Stock Down 0.5%

Shares of NASDAQ:AFRM opened at $66.17 on Friday. The firm has a 50 day simple moving average of $63.02 and a 200-day simple moving average of $62.38. Affirm Holdings, Inc. has a twelve month low of $42.10 and a twelve month high of $100.00. The company has a market capitalization of $22.16 billion, a PE ratio of 60.15, a P/E/G ratio of 3.81 and a beta of 3.70. The company has a current ratio of 11.32, a quick ratio of 11.32 and a debt-to-equity ratio of 2.39.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.17 by $0.13. Affirm had a net margin of 9.63% and a return on equity of 11.17%. The firm had revenue of $943.95 million during the quarter, compared to the consensus estimate of $995.27 million. During the same quarter in the prior year, the firm earned $0.01 EPS. Affirm’s revenue for the quarter was up 32.7% on a year-over-year basis. On average, equities analysts predict that Affirm Holdings, Inc. will post 1.25 EPS for the current fiscal year.

Affirm Company Profile

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.