Ogborne Capital Management LLC Decreases Stock Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

Ogborne Capital Management LLC trimmed its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 24.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 215,000 shares of the company's stock after selling 68,215 shares during the quarter. Affirm makes up approximately 2.1% of Ogborne Capital Management LLC's holdings, making the stock its 9th biggest position. Ogborne Capital Management LLC owned 0.07% of Affirm worth $13,094,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AFRM. Itau Unibanco Holding S.A. bought a new position in Affirm during the fourth quarter valued at approximately $28,000. Geneos Wealth Management Inc. raised its holdings in shares of Affirm by 356.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 525 shares of the company's stock worth $32,000 after acquiring an additional 410 shares in the last quarter. R Squared Ltd bought a new position in shares of Affirm during the 4th quarter valued at approximately $33,000. Coppell Advisory Solutions LLC bought a new position in shares of Affirm during the 4th quarter valued at approximately $40,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in shares of Affirm in the fourth quarter valued at $43,000. 69.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AFRM has been the subject of several research reports. Morgan Stanley lowered their price objective on shares of Affirm from $65.00 to $60.00 and set an "equal weight" rating for the company in a research report on Tuesday, May 6th. Bank of America upped their target price on shares of Affirm from $76.00 to $80.00 and gave the company a "buy" rating in a research report on Friday. Needham & Company LLC reaffirmed a "hold" rating on shares of Affirm in a report on Friday, February 7th. Susquehanna raised Affirm from a "neutral" rating to a "positive" rating and set a $65.00 price objective on the stock in a research note on Friday. Finally, UBS Group decreased their price objective on Affirm from $62.00 to $56.00 and set a "neutral" rating on the stock in a research report on Friday. Seven analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $65.05.

Affirm Stock Up 15.8%

Shares of NASDAQ AFRM opened at $53.74 on Tuesday. Affirm Holdings, Inc. has a 52-week low of $22.25 and a 52-week high of $82.53. The firm has a market capitalization of $17.09 billion, a price-to-earnings ratio of -82.68 and a beta of 3.66. The stock has a 50 day moving average price of $46.32 and a 200 day moving average price of $56.90. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26.

Affirm (NASDAQ:AFRM - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.10. The business had revenue of $783.14 million during the quarter, compared to analysts' expectations of $782.98 million. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. 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 earned ($0.43) EPS. Sell-side analysts expect that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Insider Activity at Affirm

In other news, Director Christa S. Quarles sold 5,000 shares of the business's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $80.00, for a total value of $400,000.00. Following the completion of the transaction, the director now directly owns 137,325 shares of the company's stock, valued at approximately $10,986,000. The trade was a 3.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Keith Rabois sold 16,088 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $63.97, for a total value of $1,029,149.36. Following the sale, the director now directly owns 61,520 shares in the company, valued at approximately $3,935,434.40. The trade was a 20.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,765 shares of company stock valued at $3,094,694 over the last ninety days. 12.41% of the stock is owned by company 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.

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