The Manufacturers Life Insurance Company Sells 9,844 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

The Manufacturers Life Insurance Company lowered its stake in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 18.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 44,938 shares of the company's stock after selling 9,844 shares during the period. The Manufacturers Life Insurance Company's holdings in Affirm were worth $2,737,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of AFRM. Geneos Wealth Management Inc. raised its position in shares of Affirm by 356.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 525 shares of the company's stock valued at $32,000 after buying an additional 410 shares in the last quarter. R Squared Ltd bought a new stake in Affirm during the fourth quarter worth $33,000. Coppell Advisory Solutions LLC acquired a new stake in shares of Affirm in the 4th quarter valued at $40,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Affirm in the 4th quarter valued at $43,000. Finally, Creative Financial Designs Inc. ADV raised its holdings in shares of Affirm by 640.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 740 shares of the company's stock worth $45,000 after buying an additional 640 shares in the last quarter. Institutional investors own 69.29% of the company's stock.

Analysts Set New Price Targets

AFRM has been the topic of a number of recent analyst reports. TD Cowen initiated coverage on Affirm in a research report on Tuesday, April 8th. They issued a "buy" rating and a $50.00 target price on the stock. UBS Group dropped their price objective on shares of Affirm from $62.00 to $56.00 and set a "neutral" rating for the company in a research note on Friday. The Goldman Sachs Group decreased their target price on shares of Affirm from $90.00 to $56.00 and set a "buy" rating on the stock in a research note on Tuesday, March 18th. Seaport Res Ptn raised Affirm to a "hold" rating in a report on Monday, March 24th. Finally, Susquehanna upgraded Affirm from a "neutral" rating to a "positive" rating and set a $65.00 target price for the company in a research report on Friday. Seven equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $66.63.

Affirm Stock Performance

Shares of AFRM stock opened at $46.44 on Friday. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $82.53. The firm has a 50 day moving average of $46.42 and a 200-day moving average of $56.60. The company has a market cap of $14.77 billion, a price-to-earnings ratio of -71.45 and a beta of 3.66.

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

Insiders Place Their Bets

In related news, Director Christa S. Quarles sold 5,000 shares of the 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 transaction, the director now directly owns 137,325 shares in the company, valued at $10,986,000. This trade represents a 3.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Keith Rabois sold 16,088 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $63.97, for a total transaction of $1,029,149.36. Following the sale, the director now owns 61,520 shares of the company's stock, valued at $3,935,434.40. This trade represents a 20.73 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,765 shares of company stock worth $3,094,694. Corporate 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.

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