Aquatic Capital Management LLC Sells 419,824 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Aquatic Capital Management LLC reduced its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 86.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 63,176 shares of the company's stock after selling 419,824 shares during the quarter. Aquatic Capital Management LLC's holdings in Affirm were worth $3,847,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Nordea Investment Management AB purchased a new stake in Affirm in the fourth quarter worth $6,380,000. Integris Wealth Management LLC purchased a new stake in Affirm in the fourth quarter worth about $750,000. Truist Financial Corp purchased a new position in shares of Affirm during the fourth quarter valued at approximately $212,000. Essex Financial Services Inc. bought a new stake in shares of Affirm in the 4th quarter worth approximately $244,000. Finally, Tidal Investments LLC grew its stake in shares of Affirm by 208.6% in the 3rd quarter. Tidal Investments LLC now owns 21,775 shares of the company's stock worth $889,000 after buying an additional 14,720 shares during the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Christa S. Quarles sold 5,000 shares of the business's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $80.00, for a total value of $400,000.00. Following the transaction, the director now owns 137,325 shares of the company's stock, valued at approximately $10,986,000. The trade was a 3.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Keith Rabois sold 16,088 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $45.41, for a total transaction of $730,556.08. Following the transaction, the director now directly owns 45,432 shares of the company's stock, valued at $2,063,067.12. This trade represents a 26.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,762 shares of company stock worth $3,241,246 over the last three months. 12.41% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AFRM has been the topic of several analyst reports. Morgan Stanley boosted their target price on Affirm from $39.00 to $55.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 28th. Susquehanna downgraded shares of Affirm from a "positive" rating to a "neutral" rating and set a $57.00 price objective on the stock. in a research report on Tuesday, January 21st. Royal Bank of Canada lifted their target price on shares of Affirm from $67.00 to $81.00 and gave the stock a "sector perform" rating in a report on Friday, February 7th. BMO Capital Markets reiterated an "outperform" rating and set a $69.00 price target on shares of Affirm in a report on Thursday, March 20th. Finally, UBS Group upped their price objective on Affirm from $46.00 to $62.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $66.74.

Affirm Stock Performance

Shares of AFRM stock traded up $2.59 during mid-day trading on Friday, reaching $52.34. 7,563,885 shares of the company's stock traded hands, compared to its average volume of 8,386,232. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26. The firm has a market capitalization of $16.65 billion, a PE ratio of -80.52 and a beta of 3.68. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $82.53. The firm has a 50 day moving average price of $47.50 and a two-hundred day moving average price of $56.39.

Affirm (NASDAQ:AFRM - Get Free Report) last issued its quarterly 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 return on equity of 7.25% and a negative net margin of 7.10%. On average, research analysts forecast that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

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.