Quantbot Technologies LP Has $2.57 Million Stake in Affirm Holdings, Inc. (NASDAQ:AFRM)

Quantbot Technologies LP boosted its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 21.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 62,928 shares of the company’s stock after acquiring an additional 11,034 shares during the quarter. Quantbot Technologies LP’s holdings in Affirm were worth $2,569,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AFRM. Comerica Bank lifted its holdings in shares of Affirm by 16.2% in the first quarter. Comerica Bank now owns 6,109 shares of the company’s stock valued at $228,000 after purchasing an additional 850 shares in the last quarter. Plato Investment Management Ltd lifted its stake in Affirm by 255.1% in the 1st quarter. Plato Investment Management Ltd now owns 1,328 shares of the company’s stock valued at $49,000 after acquiring an additional 954 shares in the last quarter. Cetera Advisors LLC boosted its position in Affirm by 38.4% during the 1st quarter. Cetera Advisors LLC now owns 7,231 shares of the company’s stock worth $269,000 after acquiring an additional 2,005 shares during the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in shares of Affirm by 19.7% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 185,058 shares of the company’s stock worth $6,895,000 after acquiring an additional 30,500 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Affirm by 35.3% in the second quarter. GAMMA Investing LLC now owns 3,954 shares of the company’s stock valued at $119,000 after purchasing an additional 1,031 shares during the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on AFRM shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Affirm in a research report on Friday, September 6th. Wells Fargo & Company lifted their target price on Affirm from $52.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Mizuho increased their price target on Affirm from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Wedbush upgraded Affirm from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $25.00 to $45.00 in a research note on Monday, October 14th. Finally, Susquehanna raised their target price on shares of Affirm from $52.00 to $57.00 and gave the company a “positive” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $51.13.

Affirm Trading Up 3.2 %

Shares of AFRM stock opened at $68.37 on Thursday. Affirm Holdings, Inc. has a 12-month low of $22.25 and a 12-month high of $70.20. The company has a market capitalization of $21.47 billion, a PE ratio of -48.15 and a beta of 3.47. The firm has a 50 day moving average price of $47.84 and a two-hundred day moving average price of $37.25. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50.

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

Insider Buying and Selling

In other news, insider Katherine Adkins sold 200,000 shares of the company’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 transaction of $11,010,000.00. Following the completion of the sale, the insider now owns 93,545 shares of the company’s stock, valued at approximately $5,149,652.25. This represents a 68.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Robert O’hare sold 100,938 shares of Affirm stock in a transaction that occurred on Monday, November 11th. The shares were 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 868,253 shares of company stock valued at $52,186,668 over the last quarter. 12.41% of the stock is owned by company insiders.

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.