SG Americas Securities LLC Sells 23,327 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

SG Americas Securities LLC reduced its position in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 75.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 7,464 shares of the company's stock after selling 23,327 shares during the period. SG Americas Securities LLC's holdings in Affirm were worth $337,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AFRM. Prestige Wealth Management Group LLC boosted its stake in shares of Affirm by 78.1% in the 4th quarter. Prestige Wealth Management Group LLC now owns 757 shares of the company's stock valued at $46,000 after purchasing an additional 332 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Affirm by 10.0% in the first quarter. GAMMA Investing LLC now owns 4,596 shares of the company's stock valued at $208,000 after buying an additional 419 shares during the period. Itau Unibanco Holding S.A. bought a new position in Affirm in the fourth quarter valued at approximately $28,000. SeaCrest Wealth Management LLC grew its holdings in Affirm by 7.4% during the 1st quarter. SeaCrest Wealth Management LLC now owns 6,820 shares of the company's stock worth $308,000 after acquiring an additional 472 shares during the period. Finally, MetLife Investment Management LLC raised its position in shares of Affirm by 12.3% during the 4th quarter. MetLife Investment Management LLC now owns 4,554 shares of the company's stock valued at $277,000 after acquiring an additional 499 shares during the last quarter. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Affirm Price Performance

Affirm stock traded up $1.16 during midday trading on Friday, reaching $68.06. The stock had a trading volume of 12,476,817 shares, compared to its average volume of 8,401,296. Affirm Holdings, Inc. has a 1-year low of $22.25 and a 1-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 firm's fifty day simple moving average is $53.96 and its 200-day simple moving average is $56.47.

Affirm (NASDAQ:AFRM - Get Free Report) last posted 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. Affirm had a negative net margin of 2.07% and a negative return on equity of 2.22%. The company had revenue of $783.14 million for the quarter, compared to the consensus estimate of $782.98 million. During the same period last year, the company earned ($0.43) earnings per share. The firm's revenue was up 35.9% compared to the same quarter last year. Research analysts forecast that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on AFRM. The Goldman Sachs Group raised their price target on Affirm from $45.00 to $58.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $70.00 target price on shares of Affirm in a research note on Thursday, June 5th. Wells Fargo & Company decreased their target price on Affirm from $85.00 to $67.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. JMP Securities lowered their price target on Affirm from $85.00 to $75.00 and set a "market outperform" rating for the company in a research note on Friday, May 9th. Finally, Barclays reaffirmed an "overweight" rating and issued a $67.00 target price (up previously from $53.00) on shares of Affirm in a research note on Monday, June 9th. Nine analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $65.05.

Insider Buying and Selling at Affirm

In related news, Director Keith Rabois sold 16,089 shares of Affirm stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $51.00, for a total transaction of $820,539.00. Following the completion of the transaction, the director now owns 29,343 shares in the company, valued at approximately $1,496,493. This trade represents a 35.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Noel Bertram Watson sold 2,500 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $60.86, for a total value of $152,150.00. Following the completion of the sale, the director now owns 36,497 shares in the company, valued at $2,221,207.42. This represents a 6.41% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,677 shares of company stock worth $1,703,245 over the last ninety days. 11.82% of the stock is currently owned by corporate insiders.

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.