Westerly Capital Management LLC Sells 75,000 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Westerly Capital Management LLC trimmed its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 68.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,000 shares of the company's stock after selling 75,000 shares during the quarter. Westerly Capital Management LLC's holdings in Affirm were worth $2,132,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Geneos Wealth Management Inc. lifted its position in Affirm by 356.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 525 shares of the company's stock worth $32,000 after purchasing an additional 410 shares during the period. R Squared Ltd acquired a new stake in shares of Affirm in the fourth quarter valued at $33,000. Coppell Advisory Solutions LLC bought a new position in Affirm during the fourth quarter valued at about $40,000. Strategic Investment Solutions Inc. IL acquired a new position in Affirm during the fourth quarter worth about $43,000. Finally, Creative Financial Designs Inc. ADV raised its position in Affirm by 640.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 740 shares of the company's stock worth $45,000 after acquiring an additional 640 shares in the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

Affirm Stock Up 5.2 %

Shares of Affirm stock traded up $2.59 on Friday, hitting $52.34. 7,563,885 shares of the company traded hands, compared to its average volume of 8,386,232. 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 12-month low of $22.25 and a 12-month high of $82.53. The company has a 50-day moving average price of $47.50 and a 200 day moving average price of $56.39. The company has a market cap of $16.65 billion, a PE ratio of -80.52 and a beta of 3.68.

Affirm (NASDAQ:AFRM - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.44. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. Sell-side analysts predict that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Insider Activity at Affirm

In other Affirm news, Director Keith Rabois sold 16,088 shares of the 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 transaction, the director now directly owns 61,520 shares of the company's stock, valued at $3,935,434.40. This represents a 20.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Christa S. Quarles sold 5,000 shares of the firm's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $80.00, for a total value of $400,000.00. Following the transaction, the director now owns 137,325 shares in the company, valued at approximately $10,986,000. This trade represents a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,762 shares of company stock valued at $3,241,246. 12.41% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Evercore ISI started coverage on shares of Affirm in a research note on Wednesday, April 9th. They issued an "outperform" rating and a $50.00 price objective on the stock. JMP Securities lifted their price target on shares of Affirm from $78.00 to $85.00 and gave the stock a "market outperform" rating in a research report on Friday, February 7th. Needham & Company LLC reiterated a "hold" rating on shares of Affirm in a research report on Friday, February 7th. Royal Bank of Canada lifted their target price on Affirm from $67.00 to $81.00 and gave the stock a "sector perform" rating in a report on Friday, February 7th. Finally, Seaport Res Ptn raised Affirm to a "hold" rating in a report on Monday, March 24th. Eight equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $66.74.

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.