Blueshift Asset Management LLC Purchases 44,788 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Blueshift Asset Management LLC grew its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 171.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 70,862 shares of the company’s stock after buying an additional 44,788 shares during the period. Affirm makes up 0.7% of Blueshift Asset Management LLC’s investment portfolio, making the stock its 21st largest position. Blueshift Asset Management LLC’s holdings in Affirm were worth $2,893,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Ridgewood Investments LLC purchased a new position in Affirm during the second quarter valued at $27,000. ORG Wealth Partners LLC purchased a new position in shares of Affirm in the 3rd quarter worth about $29,000. Allspring Global Investments Holdings LLC boosted its stake in Affirm by 82.4% in the 2nd 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 in the last quarter. ORG Partners LLC increased its stake in Affirm by 80.0% during the 2nd quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock valued at $37,000 after purchasing an additional 551 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in Affirm by 168.2% in the third quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after buying an additional 671 shares during the last quarter. 69.29% of the stock is currently owned by institutional investors.

Affirm Trading Down 4.4 %

Shares of Affirm stock opened at $66.27 on Wednesday. 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 fifty day moving average of $47.39 and a 200 day moving average of $37.01. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $70.20.

Affirm (NASDAQ:AFRM) last issued its earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $698.48 million for the quarter, compared to the consensus estimate of $661.39 million. During the same quarter last year, the company earned ($0.57) EPS. On average, equities analysts forecast that Affirm Holdings, Inc. will post -0.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Affirm news, CFO Robert O’hare sold 79,039 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $70.01, for a total transaction of $5,533,520.39. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Katherine Adkins sold 200,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $55.05, for a total value of $11,010,000.00. Following the transaction, the insider now directly owns 93,545 shares in the company, valued at approximately $5,149,652.25. This represents a 68.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 868,253 shares of company stock valued at $52,186,668 in the last quarter. 12.41% of the stock is currently owned by insiders.

Analysts Set New Price Targets

AFRM has been the topic of a number of recent analyst reports. Susquehanna increased their price target on shares of Affirm from $52.00 to $57.00 and gave the company a “positive” rating in a report on Friday, November 8th. Wells Fargo & Company lifted their target price on Affirm from $52.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Wedbush raised Affirm from an “underperform” rating to a “neutral” rating and upped their price target for the company from $25.00 to $45.00 in a report on Monday, October 14th. Royal Bank of Canada reissued a “sector perform” rating and set a $46.00 price objective on shares of Affirm in a report on Friday, October 4th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Affirm in a research report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $51.13.

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.