Twinbeech Capital LP Trims Stock Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

Twinbeech Capital LP reduced its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 90.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,200 shares of the company's stock after selling 61,114 shares during the period. Twinbeech Capital LP's holdings in Affirm were worth $378,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Venturi Wealth Management LLC increased its stake in shares of Affirm by 29.6% during the 4th quarter. Venturi Wealth Management LLC now owns 1,422 shares of the company's stock valued at $87,000 after acquiring an additional 325 shares during the last quarter. Prestige Wealth Management Group LLC increased its stake in shares of Affirm by 78.1% during the 4th quarter. Prestige Wealth Management Group LLC now owns 757 shares of the company's stock valued at $46,000 after acquiring an additional 332 shares during the last quarter. Waldron Private Wealth LLC grew its holdings in shares of Affirm by 7.0% during the 4th quarter. Waldron Private Wealth LLC now owns 5,479 shares of the company's stock worth $334,000 after purchasing an additional 357 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of 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 purchasing an additional 410 shares during the period. Finally, CIBC Asset Management Inc grew its holdings in shares of Affirm by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 7,942 shares of the company's stock worth $484,000 after purchasing an additional 422 shares during the period. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Affirm

In related news, Director Keith Rabois sold 16,089 shares of Affirm stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $51.00, for a total value of $820,539.00. Following the completion of the sale, the director now owns 29,343 shares of the company's stock, valued at $1,496,493. The trade was a 35.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Noel Bertram Watson sold 2,500 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $45.78, for a total value of $114,450.00. Following the sale, the director now directly owns 38,997 shares of the company's stock, valued at $1,785,282.66. This represents a 6.02% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,765 shares of company stock worth $2,694,694. 11.82% of the stock is currently owned by insiders.

Analysts Set New Price Targets

AFRM has been the subject of a number of analyst reports. UBS Group decreased their price target on Affirm from $62.00 to $56.00 and set a "neutral" rating for the company in a report on Friday, May 9th. JPMorgan Chase & Co. dropped their price target on Affirm from $74.00 to $69.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. JMP Securities dropped their target price on Affirm from $85.00 to $75.00 and set a "market outperform" rating on the stock in a research report on Friday, May 9th. Compass Point raised Affirm from a "neutral" rating to a "buy" rating and increased their target price for the stock from $61.00 to $64.00 in a research report on Wednesday, March 19th. Finally, Morgan Stanley dropped their target price on Affirm from $65.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 6th. Seven investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Affirm has a consensus rating of "Moderate Buy" and an average target price of $65.05.

Affirm Price Performance

Shares of NASDAQ:AFRM traded down $0.70 on Wednesday, hitting $50.48. The company's stock had a trading volume of 1,336,803 shares, compared to its average volume of 8,494,373. The company has a 50-day simple moving average of $46.95 and a 200 day simple moving average of $57.27. Affirm Holdings, Inc. has a 1 year low of $22.25 and a 1 year high of $82.53. The company has a market capitalization of $16.29 billion, a PE ratio of -77.67 and a beta of 3.66. The company has a debt-to-equity ratio of 2.68, a current ratio of 11.26 and a quick ratio of 11.26.

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