LMR Partners LLP Lowers Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

LMR Partners LLP decreased its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 36.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,399 shares of the company's stock after selling 23,334 shares during the quarter. LMR Partners LLP's holdings in Affirm were worth $2,521,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Integris Wealth Management LLC bought a new position in shares of Affirm during the 4th quarter worth approximately $750,000. Truist Financial Corp acquired a new position in shares of Affirm during the 4th quarter worth $212,000. Essex Financial Services Inc. acquired a new position in shares of Affirm during the 4th quarter worth $244,000. Diversify Advisory Services LLC raised its holdings in shares of Affirm by 8.7% during the 4th quarter. Diversify Advisory Services LLC now owns 116,743 shares of the company's stock worth $7,110,000 after buying an additional 9,364 shares in the last quarter. Finally, Ballentine Partners LLC acquired a new position in shares of Affirm during the 4th quarter worth $249,000. Institutional investors and hedge funds own 69.29% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AFRM. Seaport Res Ptn raised Affirm to a "hold" rating in a report on Monday, March 24th. Compass Point raised Affirm from a "neutral" rating to a "buy" rating and upped their target price for the stock from $61.00 to $64.00 in a report on Wednesday, March 19th. Bank of America upped their target price on Affirm from $76.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, May 9th. UBS Group lowered their target price on Affirm from $62.00 to $56.00 and set a "neutral" rating for the company in a report on Friday, May 9th. Finally, Barclays upped their target price on Affirm from $45.00 to $53.00 and gave the stock an "overweight" rating in a report on Monday, May 12th. Seven research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $65.05.

Affirm Trading Up 1.6%

NASDAQ AFRM traded up $0.82 during trading hours on Friday, hitting $52.57. 5,983,725 shares of the company's stock were exchanged, compared to its average volume of 8,540,836. The stock has a 50-day simple moving average of $46.66 and a 200 day simple moving average of $57.01. Affirm Holdings, Inc. has a 1-year low of $22.25 and a 1-year high of $82.53. The firm has a market cap of $16.72 billion, a price-to-earnings ratio of -80.88 and a beta of 3.66. The company has a current ratio of 11.26, a quick ratio of 11.26 and a debt-to-equity ratio of 2.68.

Affirm (NASDAQ:AFRM - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.10. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. The business had revenue of $783.14 million during the quarter, compared to analysts' expectations of $782.98 million. During the same quarter last year, the firm posted ($0.43) earnings per share. The firm's revenue was up 35.9% on a year-over-year basis. On average, equities analysts forecast that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Insider Buying and Selling

In other Affirm news, Director Keith Rabois sold 16,089 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $51.00, for a total value of $820,539.00. Following the transaction, the director now owns 29,343 shares in the company, valued at approximately $1,496,493. This represents a 35.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Noel Bertram Watson sold 2,500 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $45.78, for a total value of $114,450.00. Following the completion of the transaction, the director now owns 38,997 shares in the company, valued at approximately $1,785,282.66. The trade was a 6.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,765 shares of company stock valued at $2,694,694 over the last 90 days. Company insiders own 12.41% of the company's stock.

Affirm Company 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.