Penserra Capital Management LLC Sells 83,149 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Penserra Capital Management LLC lowered its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 23.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 276,621 shares of the company's stock after selling 83,149 shares during the quarter. Penserra Capital Management LLC owned approximately 0.09% of Affirm worth $12,500,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its position in Affirm by 2,800.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,084 shares of the company's stock valued at $2,083,000 after acquiring an additional 44,495 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Affirm by 2.6% during the 4th quarter. Ameriprise Financial Inc. now owns 145,932 shares of the company's stock worth $8,887,000 after acquiring an additional 3,672 shares during the last quarter. Spire Wealth Management bought a new position in Affirm during the 1st quarter worth approximately $120,000. Steward Partners Investment Advisory LLC boosted its stake in Affirm by 59.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,878 shares of the company's stock worth $114,000 after acquiring an additional 700 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in Affirm by 2.6% during the 4th quarter. Deutsche Bank AG now owns 32,400 shares of the company's stock worth $1,973,000 after acquiring an additional 817 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company's stock.

Affirm Price Performance

Shares of AFRM stock traded down $3.50 on Tuesday, reaching $67.73. The company had a trading volume of 6,649,748 shares, compared to its average volume of 8,372,926. The stock has a market capitalization of $21.85 billion, a PE ratio of -322.52, a price-to-earnings-growth ratio of 2.42 and a beta of 3.63. The company has a quick ratio of 11.47, a current ratio of 11.47 and a debt-to-equity ratio of 2.55. Affirm Holdings, Inc. has a one year low of $22.25 and a one year high of $82.53. The business's 50-day moving average is $57.20 and its 200 day moving average is $56.35.

Affirm (NASDAQ:AFRM - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.09) by $0.10. The business had revenue of $783.14 million during the quarter, compared to analyst estimates of $782.98 million. Affirm had a negative net margin of 2.07% and a negative return on equity of 2.22%. The firm's quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.43) EPS. Equities research analysts forecast that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Insider Transactions at Affirm

In other news, Director Christa S. Quarles sold 754 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $67.43, for a total transaction of $50,842.22. Following the completion of the sale, the director owned 137,241 shares of the company's stock, valued at $9,254,160.63. This trade represents a 0.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Noel Bertram Watson sold 2,500 shares of Affirm stock in a transaction on Monday, June 16th. The shares were sold at an average price of $60.86, for a total transaction of $152,150.00. Following the completion of the sale, the director directly owned 36,497 shares of the company's stock, valued at approximately $2,221,207.42. The trade was a 6.41% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,343 shares of company stock valued at $1,023,531 in the last quarter. 11.82% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. UBS Group reduced their price objective on shares of Affirm from $62.00 to $56.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th. Stephens began coverage on shares of Affirm in a research note on Thursday, June 12th. They issued an "equal weight" rating and a $69.00 price target on the stock. BMO Capital Markets reaffirmed an "outperform" rating and issued a $69.00 price target on shares of Affirm in a research note on Thursday, March 20th. Susquehanna raised shares of Affirm from a "neutral" rating to a "positive" rating and set a $65.00 price objective on the stock in a research report on Friday, May 9th. Finally, Royal Bank Of Canada upped their price target on shares of Affirm from $70.00 to $75.00 and gave the stock a "sector perform" rating in a research report on Tuesday. Nine analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $65.90.

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.