Cravens & Co Advisors LLC Sells 1,349 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Cravens & Co Advisors LLC lessened its position in Affirm Holdings, Inc. (NASDAQ:AFRM) by 9.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,363 shares of the company’s stock after selling 1,349 shares during the quarter. Cravens & Co Advisors LLC’s holdings in Affirm were worth $505,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. KBC Group NV raised its holdings in shares of Affirm by 3.6% during the 3rd quarter. KBC Group NV now owns 6,331 shares of the company’s stock valued at $258,000 after buying an additional 222 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Affirm by 3.2% in the 3rd quarter. CIBC Asset Management Inc now owns 7,520 shares of the company’s stock worth $307,000 after acquiring an additional 233 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Affirm by 82.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock valued at $36,000 after purchasing an additional 540 shares in the last quarter. ORG Partners LLC grew its holdings in shares of 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 during the last quarter. Finally, Myecfo LLC raised its position in Affirm by 5.0% in the 3rd quarter. Myecfo LLC now owns 12,260 shares of the company’s stock worth $500,000 after purchasing an additional 589 shares during the period. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Insider Activity

In other news, insider Katherine Adkins sold 6,084 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $45.00, for a total value of $273,780.00. Following the completion of the sale, the insider now directly owns 122,069 shares of the company’s stock, valued at $5,493,105. This represents a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction of $5,551,590.00. The disclosure for this sale can be found here. Insiders sold a total of 868,253 shares of company stock valued at $52,186,668 in the last 90 days. Company insiders own 12.41% of the company’s stock.

Affirm Trading Down 4.4 %

Shares of Affirm stock opened at $66.27 on Wednesday. Affirm Holdings, Inc. has a 1 year low of $22.25 and a 1 year high of $70.20. The firm’s 50-day moving average is $47.39 and its 200 day moving average is $37.01. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data 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 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 firm posted ($0.57) EPS. As a group, equities analysts anticipate that Affirm Holdings, Inc. will post -0.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AFRM. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $46.00 price objective on shares of Affirm in a research note on Friday, October 4th. The Goldman Sachs Group increased their price target on shares of Affirm from $46.00 to $54.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Morgan Stanley raised shares of Affirm from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $22.00 to $37.00 in a research note on Wednesday, October 9th. Susquehanna increased their price objective on Affirm from $52.00 to $57.00 and gave the stock a “positive” rating in a report on Friday, November 8th. Finally, BTIG Research upgraded Affirm from a “neutral” rating to a “buy” rating and set a $68.00 target price for the company in a report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Affirm presently has a consensus rating of “Hold” and an average target price 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.