Boothbay Fund Management LLC Has $1.14 Million Stock Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Boothbay Fund Management LLC decreased its position in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 75.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,654 shares of the company's stock after selling 57,669 shares during the quarter. Boothbay Fund Management LLC's holdings in Affirm were worth $1,136,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in AFRM. Geneos Wealth Management Inc. increased its stake in shares of Affirm by 356.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 525 shares of the company's stock worth $32,000 after buying an additional 410 shares during the last quarter. R Squared Ltd bought a new position in shares of Affirm during the fourth quarter worth about $33,000. Coppell Advisory Solutions LLC bought a new stake in Affirm in the fourth quarter valued at about $40,000. Strategic Investment Solutions Inc. IL bought a new position in Affirm during the 4th quarter worth approximately $43,000. Finally, Creative Financial Designs Inc. ADV increased its holdings in shares of Affirm by 640.0% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 740 shares of the company's stock valued at $45,000 after acquiring an additional 640 shares during the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

Affirm Stock Down 0.0 %

Shares of AFRM stock traded down $0.01 on Thursday, reaching $49.75. 6,077,474 shares of the company's stock traded hands, compared to its average volume of 8,376,957. The company has a market capitalization of $15.82 billion, a P/E ratio of -76.54 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 company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26. The business's 50 day moving average price is $47.73 and its two-hundred day moving average price is $56.35.

Affirm (NASDAQ:AFRM - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.23 EPS for the quarter, topping the consensus estimate 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, equities analysts forecast that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Morgan Stanley raised their price objective on Affirm from $39.00 to $55.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 28th. Evercore ISI initiated coverage on Affirm in a research report on Wednesday, April 9th. They set an "outperform" rating and a $50.00 price objective for the company. Seaport Res Ptn upgraded Affirm to a "hold" rating in a research note on Monday, March 24th. Wells Fargo & Company dropped their price objective on shares of Affirm from $85.00 to $67.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Finally, JMP Securities raised their price target on shares of Affirm from $78.00 to $85.00 and gave the company a "market outperform" rating in a research note on Friday, February 7th. Eight research 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $66.74.

Insider Transactions at Affirm

In related news, Director Noel Bertram Watson sold 2,500 shares of Affirm stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $45.78, for a total transaction of $114,450.00. Following the completion of the transaction, the director now directly owns 38,997 shares of the company's stock, valued at $1,785,282.66. This trade represents a 6.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christa S. Quarles sold 5,000 shares of the company's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $80.00, for a total transaction of $400,000.00. Following the sale, the director now directly owns 137,325 shares in the company, valued at $10,986,000. This represents a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,762 shares of company stock worth $3,241,246. Insiders own 12.41% of the company's stock.

About Affirm

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.