Wakefield Asset Management LLLP Takes $1.52 Million Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Wakefield Asset Management LLLP acquired a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 33,566 shares of the company's stock, valued at approximately $1,517,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. purchased a new stake in shares of Affirm during the fourth quarter valued at $340,000. Natixis Advisors LLC increased its position in Affirm by 4.3% in the 4th quarter. Natixis Advisors LLC now owns 19,403 shares of the company's stock worth $1,182,000 after purchasing an additional 808 shares during the last quarter. Thrivent Financial for Lutherans acquired a new position in Affirm in the 4th quarter worth about $228,000. Xponance Inc. increased its position in Affirm by 34.8% in the 4th quarter. Xponance Inc. now owns 12,456 shares of the company's stock worth $759,000 after purchasing an additional 3,216 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its position in Affirm by 121.9% in the 4th quarter. Teacher Retirement System of Texas now owns 62,436 shares of the company's stock worth $3,802,000 after purchasing an additional 34,298 shares during the last quarter. 69.29% of the stock is currently owned by institutional investors.

Affirm Stock Down 2.0%

Shares of NASDAQ AFRM opened at $65.43 on Wednesday. The firm has a fifty day simple moving average of $60.17 and a two-hundred day simple moving average of $56.57. 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 firm has a market capitalization of $21.11 billion, a PE ratio of -311.57, a price-to-earnings-growth ratio of 2.52 and a beta of 3.63. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $82.53.

Affirm (NASDAQ:AFRM - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.10. The firm had revenue of $783.14 million for the quarter, compared to the consensus estimate 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 was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.43) earnings per share. Equities analysts expect that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Insider Transactions at Affirm

In related news, Director Keith Rabois sold 16,089 shares of the company's stock in a transaction on 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 sale, the director directly owned 29,343 shares in the company, valued at $1,496,493. This represents a 35.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Katherine Adkins sold 57,102 shares of the company's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $70.27, for a total value of $4,012,557.54. Following the transaction, the insider directly owned 112,467 shares in the company, valued at $7,903,056.09. This represents a 33.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 96,247 shares of company stock valued at $6,422,823. 11.82% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AFRM shares. 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 note on Wednesday, April 9th. Citigroup reiterated an "overweight" rating on shares of Affirm in a research report on Monday, June 30th. Barclays raised their target price on Affirm from $67.00 to $80.00 and gave the stock an "overweight" rating in a research report on Monday, June 30th. Needham & Company LLC restated a "hold" rating on shares of Affirm in a research report on Wednesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Affirm in a research report on Thursday, July 17th. They issued a "buy" rating and a $78.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $67.32.

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.

Want to see what other hedge funds are holding AFRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.