Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its position in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 79.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,569 shares of the company's stock after selling 70,955 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Affirm were worth $1,131,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of AFRM. Geneos Wealth Management Inc. increased its stake in Affirm by 356.5% during the 4th 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 period. R Squared Ltd acquired a new stake in shares of Affirm in the fourth quarter valued at $33,000. Creative Financial Designs Inc. ADV boosted its holdings in Affirm by 640.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 740 shares of the company's stock valued at $45,000 after purchasing an additional 640 shares during the period. Prestige Wealth Management Group LLC grew its stake in Affirm by 78.1% during the 4th quarter. Prestige Wealth Management Group LLC now owns 757 shares of the company's stock worth $46,000 after purchasing an additional 332 shares in the last quarter. Finally, Valley National Advisers Inc. purchased a new stake in Affirm during the 4th quarter worth about $61,000. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Affirm

In other Affirm news, Director Noel Bertram Watson sold 2,500 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $45.78, for a total transaction of $114,450.00. Following the sale, the director now directly owns 38,997 shares in the company, valued at approximately $1,785,282.66. The trade was a 6.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christa S. Quarles sold 5,000 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $80.00, for a total transaction of $400,000.00. Following the completion of the transaction, the director now owns 137,325 shares of the company's stock, valued at $10,986,000. This represents a 3.51 % 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 90 days. Company insiders own 12.41% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on AFRM shares. UBS Group raised their target price on shares of Affirm from $46.00 to $62.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Needham & Company LLC reissued a "hold" rating on shares of Affirm in a report on Friday, February 7th. Seaport Res Ptn raised Affirm to a "hold" rating in a report on Monday, March 24th. Royal Bank of Canada boosted their target price on Affirm from $67.00 to $81.00 and gave the stock a "sector perform" rating in a research note on Friday, February 7th. Finally, Susquehanna cut shares of Affirm from a "positive" rating to a "neutral" rating and set a $57.00 price objective on the stock. in a report on Tuesday, January 21st. Eight equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $66.74.

Affirm Stock Performance

Shares of NASDAQ:AFRM traded up $2.59 during trading on Friday, reaching $52.34. The company had a trading volume of 7,563,885 shares, compared to its average volume of 8,398,120. 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 stock's fifty day moving average price is $47.50 and its 200 day moving average price is $56.44. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $82.53. The firm has a market capitalization of $16.65 billion, a price-to-earnings ratio of -80.52 and a beta of 3.68.

Affirm (NASDAQ:AFRM - Get Free Report) last announced its quarterly earnings data 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%. As a group, equities research analysts predict 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.