Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Sold by Chicago Partners Investment Group LLC

Key Points

• Chicago Partners Investment Group LLC reduced its holdings in Affirm by 20.9% during the first quarter, holding $705,000 worth of shares after selling 4,120 shares.
• Insider trading activity included Director Noel Bertram Watson selling 2,500 shares at a price of $60.86, resulting in a 6.41% decrease in their ownership position.
• Affirm's stock experienced a decline of 8.4%, with a current market cap of $23.33 billion and a recent quarterly earnings report reflecting revenue growth of 35.9% year-over-year.

Chicago Partners Investment Group LLC reduced its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 20.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,609 shares of the company's stock after selling 4,120 shares during the period. Chicago Partners Investment Group LLC's holdings in Affirm were worth $705,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Allworth Financial LP boosted its holdings in shares of Affirm by 63.7% in the 1st quarter. Allworth Financial LP now owns 563 shares of the company's stock valued at $27,000 after acquiring an additional 219 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new position in shares of Affirm in the 4th quarter valued at $28,000. Coppell Advisory Solutions LLC acquired a new position in shares of Affirm in the 4th quarter valued at $40,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Affirm in the 4th quarter valued at $43,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Affirm by 3,637.8% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,383 shares of the company's stock valued at $62,000 after purchasing an additional 1,346 shares during the period. 69.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AFRM. Morgan Stanley decreased their target price on shares of Affirm from $65.00 to $60.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 6th. JMP Securities decreased their target price on shares of Affirm from $85.00 to $75.00 and set a "market outperform" rating for the company in a research note on Friday, May 9th. Wall Street Zen upgraded shares of Affirm from a "hold" rating to a "buy" rating in a research note on Saturday, August 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 target price for the company. Finally, Redburn Atlantic upgraded shares of Affirm to a "hold" rating in a research report on Friday, August 1st. Ten research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $68.09.

Insider Activity at Affirm

In other news, Director Noel Bertram Watson sold 2,500 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $60.86, for a total transaction of $152,150.00. Following the sale, the director owned 36,497 shares of the company's stock, valued at approximately $2,221,207.42. This represents a 6.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert O'hare sold 19,802 shares of the stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $70.03, for a total transaction of $1,386,734.06. The disclosure for this sale can be found here. Insiders have sold a total of 163,114 shares of company stock valued at $11,825,169 over the last quarter. 11.82% of the stock is owned by insiders.

Affirm Trading Down 3.0%

AFRM stock traded down $2.33 during mid-day trading on Thursday, hitting $75.38. 2,443,757 shares of the company were exchanged, compared to its average volume of 7,110,109. The company has a quick ratio of 11.47, a current ratio of 11.47 and a debt-to-equity ratio of 2.55. The firm has a market capitalization of $24.32 billion, a P/E ratio of -359.04, a PEG ratio of 2.84 and a beta of 3.63. The business has a fifty day simple moving average of $67.00 and a 200-day simple moving average of $58.14. Affirm Holdings, Inc. has a 12-month low of $27.20 and a 12-month high of $82.53.

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.