44,984 Shares in Affirm Holdings, Inc. (NASDAQ:AFRM) Bought by Tabor Asset Management LP

Tabor Asset Management LP purchased a new position in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 44,984 shares of the company's stock, valued at approximately $2,740,000. Affirm comprises approximately 1.3% of Tabor Asset Management LP's holdings, making the stock its 29th biggest position.

A number of other institutional investors also recently bought and sold shares of AFRM. Integris Wealth Management LLC bought a new stake in shares of Affirm in the 4th quarter worth about $750,000. Truist Financial Corp purchased a new stake in Affirm in the 4th quarter worth about $212,000. Essex Financial Services Inc. bought a new stake in Affirm in the fourth quarter worth about $244,000. Diversify Advisory Services LLC lifted its stake in Affirm by 8.7% in the fourth quarter. Diversify Advisory Services LLC now owns 116,743 shares of the company's stock worth $7,110,000 after purchasing an additional 9,364 shares during the last quarter. Finally, Ballentine Partners LLC purchased a new position in shares of Affirm during the fourth quarter valued at approximately $249,000. 69.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada increased their price target on Affirm from $67.00 to $81.00 and gave the stock a "sector perform" rating in a report on Friday, February 7th. Morgan Stanley reduced their target price on Affirm from $65.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Tuesday, May 6th. Needham & Company LLC reiterated a "hold" rating on shares of Affirm in a research report on Friday, February 7th. Compass Point upgraded shares of Affirm from a "neutral" rating to a "buy" rating and upped their price target for the stock from $61.00 to $64.00 in a report on Wednesday, March 19th. Finally, Barclays raised their price target on shares of Affirm from $45.00 to $53.00 and gave the stock an "overweight" rating in a research note on Monday, May 12th. Seven analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Affirm has an average rating of "Moderate Buy" and an average target price of $65.05.

Insider Buying and Selling

In related news, Director Noel Bertram Watson sold 2,500 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $45.78, for a total transaction of $114,450.00. Following the transaction, the director now directly owns 38,997 shares in the company, valued at $1,785,282.66. The trade was a 6.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Keith Rabois sold 16,088 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $63.97, for a total value of $1,029,149.36. Following the completion of the sale, the director now directly owns 61,520 shares of the company's stock, valued at approximately $3,935,434.40. This represents a 20.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,765 shares of company stock worth $2,694,694 in the last 90 days. 12.41% of the stock is owned by corporate insiders.

Affirm Stock Up 0.6%

NASDAQ AFRM traded up $0.27 during midday trading on Friday, hitting $49.24. 5,330,484 shares of the company traded hands, compared to its average volume of 8,496,392. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $82.53. The company's 50-day simple moving average is $46.74 and its 200-day simple moving average is $57.16. The company has a market cap of $15.89 billion, a PE ratio of -75.66 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 issued 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. The company had revenue of $783.14 million for the quarter, compared to the consensus estimate of $782.98 million. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. The firm's revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.43) earnings per share. As a group, equities research analysts forecast 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.