Sora Investors LLC Trims Stake in Affirm Holdings, Inc. (NASDAQ:AFRM)

Sora Investors LLC cut its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 73.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,750 shares of the company's stock after selling 51,250 shares during the quarter. Sora Investors LLC's holdings in Affirm were worth $1,142,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. SeaCrest Wealth Management LLC purchased a new position in shares of Affirm during the 4th quarter valued at $387,000. Omega Financial Group LLC grew its holdings in shares of Affirm by 5.0% during the 4th quarter. Omega Financial Group LLC now owns 103,027 shares of the company's stock valued at $6,274,000 after acquiring an additional 4,871 shares in the last quarter. Hanseatic Management Services Inc. grew its holdings in shares of Affirm by 12.1% during the 4th quarter. Hanseatic Management Services Inc. now owns 1,797 shares of the company's stock valued at $109,000 after acquiring an additional 194 shares in the last quarter. Kera Capital Partners Inc. purchased a new position in shares of Affirm during the 4th quarter valued at $647,000. Finally, Artemis Investment Management LLP grew its holdings in shares of Affirm by 2.1% during the 4th quarter. Artemis Investment Management LLP now owns 770,245 shares of the company's stock valued at $46,908,000 after acquiring an additional 15,517 shares in the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Susquehanna upgraded Affirm from a "neutral" rating to a "positive" rating and set a $65.00 price objective on the stock in a report on Friday, May 9th. Seaport Res Ptn upgraded Affirm to a "hold" rating in a report on Monday, March 24th. TD Cowen assumed coverage on Affirm in a report on Tuesday, April 8th. They issued a "buy" rating and a $50.00 price objective on the stock. Needham & Company LLC restated a "hold" rating on shares of Affirm in a report on Friday, February 7th. Finally, Royal Bank of Canada increased their price objective on Affirm from $67.00 to $81.00 and gave the stock a "sector perform" rating in a report on Friday, February 7th. Seven research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Affirm has an average rating of "Moderate Buy" and a consensus price target of $65.05.

Insider Buying and Selling

In other news, Director Keith Rabois sold 16,089 shares of the firm's 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 $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 Securities & Exchange Commission, which is available through this hyperlink. Also, Director Noel Bertram Watson sold 2,500 shares of Affirm stock in a transaction 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 sale, the director now owns 38,997 shares in the company, valued at $1,785,282.66. This trade represents a 6.02% decrease in their ownership of the stock. 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 Price Performance

Shares of AFRM stock traded down $0.86 on Monday, hitting $51.71. 4,977,278 shares of the company's stock were exchanged, compared to its average volume of 8,513,039. 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 Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $82.53. The stock has a market cap of $16.45 billion, a P/E ratio of -79.55 and a beta of 3.66. The company has a 50 day moving average of $46.66 and a 200 day moving average of $57.18.

Affirm (NASDAQ:AFRM - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.01 EPS for the quarter, beating 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 firm had revenue of $783.14 million during 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 business's quarterly revenue was up 35.9% on a year-over-year basis. On average, equities research analysts predict that Affirm Holdings, Inc. will post -0.18 EPS 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.