Alight Capital Management LP Cuts Stock Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

Alight Capital Management LP lowered its stake in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 61.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 50,000 shares of the company's stock after selling 80,000 shares during the period. Alight Capital Management LP's holdings in Affirm were worth $3,045,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of AFRM. Itau Unibanco Holding S.A. acquired a new position in Affirm during the 4th quarter worth approximately $28,000. Geneos Wealth Management Inc. boosted its holdings in shares of Affirm by 356.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 525 shares of the company's stock valued at $32,000 after acquiring an additional 410 shares in the last quarter. R Squared Ltd bought a new stake in Affirm during the 4th quarter worth $33,000. Coppell Advisory Solutions LLC acquired a new position in Affirm in the 4th quarter worth about $40,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in shares of Affirm during the fourth quarter valued at about $43,000. Institutional investors and hedge funds own 69.29% of the company's stock.

Affirm Stock Down 0.5 %

AFRM stock traded down $0.25 during trading on Monday, hitting $52.09. 4,808,102 shares of the stock traded hands, compared to its average volume of 8,384,111. The stock has a market cap of $16.57 billion, a price-to-earnings ratio of -80.14 and a beta of 3.66. The company has a debt-to-equity ratio of 2.68, a current ratio of 11.26 and a quick ratio of 11.26. The firm's 50 day moving average is $47.50 and its two-hundred day moving average is $56.53. Affirm Holdings, Inc. has a 1 year low of $22.25 and a 1 year high of $82.53.

Affirm (NASDAQ:AFRM - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. On average, sell-side analysts anticipate that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. UBS Group raised their price objective on shares of Affirm from $46.00 to $62.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Evercore ISI initiated coverage on Affirm in a research note on Wednesday, April 9th. They issued an "outperform" rating and a $50.00 price target for the company. Susquehanna cut Affirm from a "positive" rating to a "neutral" rating and set a $57.00 target price on the stock. in a report on Tuesday, January 21st. Morgan Stanley raised their price target on shares of Affirm from $39.00 to $55.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 28th. Finally, Barclays increased their price objective on shares of Affirm from $75.00 to $85.00 and gave the stock an "overweight" rating in a research report on Monday, February 10th. Eight analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $66.74.

Insider Buying and Selling

In other Affirm news, Director Noel Bertram Watson sold 2,500 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $45.78, for a total transaction of $114,450.00. Following the completion of the sale, the director now owns 38,997 shares of the company's stock, valued at approximately $1,785,282.66. The trade was a 6.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Keith Rabois sold 16,088 shares of Affirm stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $63.97, for a total transaction of $1,029,149.36. Following the transaction, the director now directly owns 61,520 shares in the company, valued at $3,935,434.40. This represents a 20.73 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,765 shares of company stock valued at $3,094,694. 12.41% of the stock is owned by insiders.

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.