Tidal Investments LLC Raises Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

Tidal Investments LLC grew its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 208.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 21,775 shares of the company’s stock after buying an additional 14,720 shares during the quarter. Tidal Investments LLC’s holdings in Affirm were worth $889,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in AFRM. Raymond James & Associates raised its holdings in Affirm by 40.1% during the second quarter. Raymond James & Associates now owns 69,594 shares of the company’s stock worth $2,102,000 after purchasing an additional 19,920 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Affirm by 25.6% in the second quarter. Bank of New York Mellon Corp now owns 866,946 shares of the company’s stock valued at $26,190,000 after acquiring an additional 176,675 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Affirm by 82.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock worth $36,000 after purchasing an additional 540 shares during the last quarter. Atomi Financial Group Inc. increased its position in shares of Affirm by 1.1% during the second quarter. Atomi Financial Group Inc. now owns 71,419 shares of the company’s stock worth $2,158,000 after purchasing an additional 753 shares in the last quarter. Finally, Ridgewood Investments LLC purchased a new stake in shares of Affirm in the 2nd quarter valued at about $27,000. 69.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $46.00 price target on shares of Affirm in a research report on Friday, October 4th. JPMorgan Chase & Co. upped their price target on shares of Affirm from $56.00 to $74.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. 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 research note on Monday, December 16th. Mizuho lifted their price objective on shares of Affirm from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Finally, Wells Fargo & Company increased their target price on shares of Affirm from $52.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, Affirm presently has a consensus rating of “Moderate Buy” and a consensus price target of $60.94.

Insider Buying and Selling at Affirm

In other Affirm news, CFO Robert O’hare sold 100,938 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $55.00, for a total value of $5,551,590.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Noel Bertram Watson sold 2,500 shares of Affirm stock in a transaction on Monday, December 16th. The stock was sold at an average price of $72.05, for a total value 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 trade represents a 5.68 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,300,851 shares of company stock valued at $84,875,518. Corporate insiders own 12.41% of the company’s stock.

Affirm Trading Up 4.2 %

Shares of AFRM stock opened at $65.64 on Friday. The business’s fifty day moving average price is $57.45 and its 200 day moving average price is $41.90. The firm has a market capitalization of $20.61 billion, a PE ratio of -46.23 and a beta of 3.66. 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 1-year low of $22.25 and a 1-year high of $73.34.

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

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.