Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Sold by Hilltop Holdings Inc.

Hilltop Holdings Inc. trimmed its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 38.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 24,662 shares of the company’s stock after selling 15,418 shares during the quarter. Hilltop Holdings Inc.’s holdings in Affirm were worth $1,007,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ridgewood Investments LLC acquired a new stake in Affirm during the 2nd quarter valued at approximately $27,000. ORG Wealth Partners LLC acquired a new position in shares of Affirm in the 3rd quarter valued at $29,000. Allspring Global Investments Holdings LLC lifted 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 during the period. ORG Partners LLC lifted its stake in shares of Affirm by 80.0% in 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 period. Finally, Advisors Asset Management Inc. lifted its stake in shares of Affirm by 168.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock valued at $44,000 after purchasing an additional 671 shares during the period. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Affirm

In related news, President Libor Michalek sold 2,847 shares of the company’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $70.00, for a total value of $199,290.00. Following the completion of the sale, the president now owns 159,449 shares of the company’s stock, valued at approximately $11,161,430. This represents a 1.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Robert O’hare sold 100,938 shares of the company’s stock in a transaction dated 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. Over the last quarter, insiders sold 891,694 shares of company stock valued at $53,821,357. 12.41% of the stock is owned by company insiders.

Affirm Price Performance

Affirm stock opened at $72.00 on Thursday. Affirm Holdings, Inc. has a 52-week low of $22.25 and a 52-week high of $72.19. The firm has a market capitalization of $22.61 billion, a price-to-earnings ratio of -50.70 and a beta of 3.66. The company has a fifty day simple moving average of $50.29 and a 200-day simple moving average of $38.54. 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 released its earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $661.39 million. During the same quarter in the prior year, the firm earned ($0.57) earnings per share. On average, equities analysts anticipate that Affirm Holdings, Inc. will post -0.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AFRM. Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a research note on Friday, September 6th. Barclays boosted their target price on shares of Affirm from $64.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. The Goldman Sachs Group boosted their price target on shares of Affirm from $57.00 to $78.00 and gave the stock a “buy” rating in a report on Monday. JPMorgan Chase & Co. boosted their price target on shares of Affirm from $56.00 to $74.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Susquehanna boosted their price target on shares of Affirm from $52.00 to $57.00 and gave the stock a “positive” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Affirm has an average rating of “Hold” and a consensus price target of $55.33.

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.