Tidal Investments LLC Boosts Stock Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Tidal Investments LLC boosted its position in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 122.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 48,379 shares of the company's stock after acquiring an additional 26,604 shares during the period. Tidal Investments LLC's holdings in Affirm were worth $2,946,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AFRM. Ballentine Partners LLC bought a new position in Affirm in the fourth quarter worth approximately $249,000. Nisa Investment Advisors LLC lifted its holdings in shares of Affirm by 13.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 77,500 shares of the company's stock valued at $4,720,000 after purchasing an additional 8,950 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Affirm by 9.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 11,713 shares of the company's stock valued at $713,000 after purchasing an additional 1,015 shares in the last quarter. Yeomans Consulting Group Inc. bought a new position in shares of Affirm in the fourth quarter valued at approximately $313,000. Finally, Encompass More Asset Management lifted its holdings in shares of Affirm by 26.5% in the fourth quarter. Encompass More Asset Management now owns 7,965 shares of the company's stock valued at $485,000 after purchasing an additional 1,668 shares in the last quarter. Institutional investors own 69.29% of the company's stock.

Insider Activity

In related 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 transaction, the director now directly owns 38,997 shares in the company, valued at $1,785,282.66. The trade was a 6.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Keith Rabois sold 16,088 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $63.97, for a total value of $1,029,149.36. Following the transaction, the director now owns 61,520 shares of the company's stock, valued at approximately $3,935,434.40. The trade was a 20.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 50,765 shares of company stock worth $2,694,694. 11.82% of the stock is owned by corporate insiders.

Affirm Stock Performance

Shares of NASDAQ AFRM traded up $1.10 during mid-day trading on Tuesday, hitting $50.40. The company had a trading volume of 1,559,242 shares, compared to its average volume of 8,506,533. The company has a market capitalization of $16.26 billion, a price-to-earnings ratio of -77.61 and a beta of 3.66. Affirm Holdings, Inc. has a 1 year low of $22.25 and a 1 year high of $82.53. The company has a current ratio of 11.26, a quick ratio of 11.26 and a debt-to-equity ratio of 2.68. The stock's 50-day moving average price is $46.88 and its 200-day moving average price is $57.31.

Affirm (NASDAQ:AFRM - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.10. The company had revenue of $783.14 million during the quarter, compared to analysts' expectations of $782.98 million. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. The firm's quarterly revenue was up 35.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.43) earnings per share. On average, sell-side analysts forecast that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on AFRM shares. TD Cowen started coverage on Affirm in a report on Tuesday, April 8th. They issued a "buy" rating and a $50.00 target price on the stock. Compass Point upgraded Affirm from a "neutral" rating to a "buy" rating and raised their target price for the company from $61.00 to $64.00 in a report on Wednesday, March 19th. Wells Fargo & Company dropped their target price on Affirm from $85.00 to $67.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. The Goldman Sachs Group lifted their price target on Affirm from $45.00 to $58.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Finally, Susquehanna upgraded Affirm from a "neutral" rating to a "positive" rating and set a $65.00 price target on the stock in a report on Friday, May 9th. Seven analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Affirm presently has a consensus rating of "Moderate Buy" and an average target price of $65.05.

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.