Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 27.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,310 shares of the company's stock after selling 21,190 shares during the quarter. Nisa Investment Advisors LLC's holdings in Affirm were worth $2,545,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Buying and Selling

In other news, Director Christa S. Quarles sold 754 shares of the company'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 value of $50,842.22. Following the completion of the sale, the director directly owned 137,241 shares of the company's stock, valued at approximately $9,254,160.63. This represents a 0.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Noel Bertram Watson sold 2,500 shares of the company's stock in a transaction that occurred on Monday, June 16th. The stock was 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. This represents a 6.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 96,247 shares of company stock worth $6,422,823. Company insiders own 11.82% of the company's stock.

Wall Street Analysts Forecast Growth

AFRM has been the subject of several research analyst reports. BMO Capital Markets reissued an "outperform" rating and issued a $69.00 target price on shares of Affirm in a research report on Thursday, March 20th. Royal Bank Of Canada boosted their target price on shares of Affirm from $70.00 to $75.00 and gave the stock a "sector perform" rating in a research report on Tuesday, July 8th. Susquehanna raised shares of Affirm from a "neutral" rating to a "positive" rating and set a $65.00 target price for the company in a research report on Friday, May 9th. JPMorgan Chase & Co. dropped their target price on shares of Affirm from $74.00 to $69.00 and set an "overweight" rating for the company in a research report on Friday, May 9th. Finally, UBS Group dropped their target price on shares of Affirm from $62.00 to $56.00 and set a "neutral" rating for the company in a research report on Friday, May 9th. Ten investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Affirm has an average rating of "Moderate Buy" and a consensus price target of $65.90.

Affirm Stock Performance

NASDAQ AFRM traded up $2.10 on Tuesday, hitting $66.15. The stock had a trading volume of 5,437,628 shares, compared to its average volume of 8,350,829. Affirm Holdings, Inc. has a one year low of $22.25 and a one year high of $82.53. 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 stock has a market cap of $21.34 billion, a price-to-earnings ratio of -315.00, a P/E/G ratio of 2.33 and a beta of 3.63. The company's 50-day moving average is $58.56 and its two-hundred day moving average is $56.40.

Affirm (NASDAQ:AFRM - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.09) by $0.10. The company 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 business's revenue for the quarter was up 35.9% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.43) EPS. On average, analysts expect that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

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.