Dynamic Technology Lab Private Ltd Cuts Stake in Affirm Holdings, Inc. (NASDAQ:AFRM)

Dynamic Technology Lab Private Ltd lowered its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 22.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 60,174 shares of the company’s stock after selling 17,333 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Affirm were worth $2,456,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in AFRM. KBC Group NV grew its position 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 acquiring an additional 222 shares during the period. CIBC Asset Management Inc lifted its stake in Affirm by 3.2% in the third quarter. CIBC Asset Management Inc now owns 7,520 shares of the company’s stock valued at $307,000 after purchasing an additional 233 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Affirm by 82.4% during the second 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 during the period. ORG Partners LLC increased its position in Affirm by 80.0% in the second quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock worth $37,000 after buying an additional 551 shares during the last quarter. Finally, Myecfo LLC increased its position in Affirm by 5.0% in the third quarter. Myecfo LLC now owns 12,260 shares of the company’s stock worth $500,000 after buying an additional 589 shares during the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AFRM. Barclays increased their price target on Affirm from $54.00 to $64.00 and gave the stock an “overweight” rating in a research note on Monday, November 18th. The Goldman Sachs Group upped their price objective on shares of Affirm from $46.00 to $54.00 and gave the company a “buy” rating in a report on Monday, October 14th. Morgan Stanley upgraded shares of Affirm from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $22.00 to $37.00 in a research note on Wednesday, October 9th. Susquehanna boosted their price target on shares of Affirm from $52.00 to $57.00 and gave the company a “positive” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Affirm from $47.00 to $56.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $50.44.

Affirm Stock Performance

Shares of AFRM opened at $66.55 on Monday. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50. The stock has a 50-day moving average price of $46.89 and a 200-day moving average price of $36.76. The company has a market cap of $20.90 billion, a PE ratio of -46.87 and a beta of 3.47. Affirm Holdings, Inc. has a 12-month low of $22.25 and a 12-month high of $70.03.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $698.48 million for the quarter, compared to analysts’ expectations of $661.39 million. During the same quarter last year, the company posted ($0.57) EPS. As a group, 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, Director Christa S. Quarles sold 14,400 shares of Affirm stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $40.02, for a total transaction of $576,288.00. Following the transaction, the director now directly owns 141,903 shares of the company’s stock, valued at approximately $5,678,958.06. This trade represents a 9.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Katherine Adkins sold 6,084 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $45.00, for a total transaction 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 trade represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 580,843 shares of company stock valued at $32,256,766 over the last 90 days. Insiders own 12.41% of the company’s stock.

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.