Edgestream Partners L.P. Has $3.62 Million Stock Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Edgestream Partners L.P. raised its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 171.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 80,156 shares of the company's stock after purchasing an additional 50,675 shares during the period. Edgestream Partners L.P.'s holdings in Affirm were worth $3,622,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AFRM. Itau Unibanco Holding S.A. purchased a new position in Affirm in the fourth quarter valued at about $28,000. Allworth Financial LP increased its stake in Affirm by 63.7% during the 1st quarter. Allworth Financial LP now owns 563 shares of the company's stock worth $27,000 after buying an additional 219 shares during the period. Coppell Advisory Solutions LLC acquired a new position in Affirm in the 4th quarter worth $40,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Affirm during the fourth quarter valued at about $43,000. Finally, Creative Financial Designs Inc. ADV increased its holdings in Affirm by 640.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 740 shares of the company's stock worth $45,000 after purchasing an additional 640 shares during the last quarter. Hedge funds and other institutional investors own 69.29% of the company's stock.

Analyst Ratings Changes

AFRM has been the subject of a number of research reports. Morgan Stanley decreased their price objective on shares of Affirm from $65.00 to $60.00 and set an "equal weight" rating for the company in a report on Tuesday, May 6th. Stephens started coverage on Affirm in a research report on Thursday, June 12th. They set an "equal weight" rating and a $69.00 price target for the company. JMP Securities cut their price objective on shares of Affirm from $85.00 to $75.00 and set a "market outperform" rating on the stock in a research note on Friday, May 9th. TD Cowen initiated coverage on shares of Affirm in a research report on Tuesday, April 8th. They set a "buy" rating and a $50.00 price target on the stock. Finally, Susquehanna upgraded shares of Affirm from a "neutral" rating to a "positive" rating and set a $65.00 price objective for the company in a report on Friday, May 9th. Nine equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $66.71.

Insider Buying and Selling

In other news, insider Katherine Adkins sold 57,102 shares of the company's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $70.27, for a total transaction of $4,012,557.54. Following the transaction, the insider owned 112,467 shares of the company's stock, valued at $7,903,056.09. This represents a 33.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Christa S. Quarles sold 754 shares of Affirm stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $67.43, for a total value of $50,842.22. Following the completion of the sale, the director owned 137,241 shares of the company's stock, valued at approximately $9,254,160.63. The trade was a 0.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 96,247 shares of company stock valued at $6,422,823 in the last ninety days. 11.82% of the stock is owned by corporate insiders.

Affirm Stock Performance

Affirm stock traded down $0.57 during trading hours on Friday, reaching $68.90. 4,207,993 shares of the company were exchanged, compared to its average volume of 8,338,402. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $82.53. The firm has a market cap of $22.23 billion, a price-to-earnings ratio of -328.10, a PEG ratio of 2.39 and a beta of 3.63. The company has a current ratio of 11.47, a quick ratio of 11.47 and a debt-to-equity ratio of 2.55. The stock has a 50-day moving average of $60.17 and a 200 day moving average of $56.61.

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, topping the consensus estimate of ($0.09) by $0.10. The company had revenue of $783.14 million for the quarter, compared to analyst estimates of $782.98 million. Affirm had a negative return on equity of 2.22% and a negative net margin of 2.07%. Affirm's revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.43) EPS. As a group, research analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share 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.