11,364 Shares in Affirm Holdings, Inc. (NASDAQ:AFRM) Purchased by Entropy Technologies LP

Entropy Technologies LP bought a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,364 shares of the company's stock, valued at approximately $464,000.

Several other institutional investors have also recently added to or reduced their stakes in AFRM. Ridgewood Investments LLC purchased a new stake in Affirm during the second quarter worth approximately $27,000. ORG Wealth Partners LLC purchased a new stake in Affirm in the third quarter valued at approximately $29,000. Allspring Global Investments Holdings LLC lifted its stake in Affirm by 82.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company's stock valued at $36,000 after buying an additional 540 shares during the last quarter. ORG Partners LLC lifted its stake in Affirm by 80.0% in the second quarter. ORG Partners LLC now owns 1,240 shares of the company's stock valued at $37,000 after buying an additional 551 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its stake in shares of Affirm by 200.5% during the third quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company's stock worth $45,000 after purchasing an additional 732 shares during the last quarter. Hedge funds and other institutional investors own 69.29% of the company's stock.

Affirm Price Performance

Affirm stock traded up $2.94 during trading hours on Friday, hitting $56.15. The stock had a trading volume of 17,805,303 shares, compared to its average volume of 9,041,193. The company has a debt-to-equity ratio of 2.50, a current ratio of 12.60 and a quick ratio of 12.60. The stock has a market capitalization of $17.47 billion, a price-to-earnings ratio of -39.54 and a beta of 3.47. Affirm Holdings, Inc. has a 1-year low of $22.25 and a 1-year high of $59.27. The stock's fifty day moving average is $44.49 and its two-hundred day moving average is $35.66.

Affirm (NASDAQ:AFRM - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, beating the consensus estimate of ($0.36) by $0.05. The company had revenue of $698.48 million for the quarter, compared to analyst estimates 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 in the prior year, the company earned ($0.57) earnings per share. As a group, analysts predict that Affirm Holdings, Inc. will post -0.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on AFRM shares. Royal Bank of Canada restated a "sector perform" rating and set a $46.00 price target on shares of Affirm in a research note on Friday, October 4th. Needham & Company LLC restated a "hold" rating on shares of Affirm in a research note on Friday, September 6th. Susquehanna upped their price target on Affirm from $52.00 to $57.00 and gave the stock a "positive" rating in a research note on Friday, November 8th. The Goldman Sachs Group upped their price target on Affirm from $46.00 to $54.00 and gave the stock a "buy" rating in a research note on Monday, October 14th. Finally, Morgan Stanley upgraded Affirm from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $22.00 to $37.00 in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Affirm has a consensus rating of "Hold" and an average target price of $46.03.

Insider Buying and Selling at Affirm

In related news, CFO Robert O'hare sold 100,938 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $55.00, for a total transaction of $5,551,590.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christa S. Quarles sold 14,400 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $40.02, for a total value of $576,288.00. Following the sale, the director now directly owns 141,903 shares in the company, valued at approximately $5,678,958.06. The trade was a 9.21 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 403,738 shares of company stock valued at $21,115,878. Insiders own 12.41% of the company's stock.

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.