Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 13.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 77,500 shares of the company’s stock after buying an additional 8,950 shares during the period. Nisa Investment Advisors LLC’s holdings in Affirm were worth $4,720,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Spyglass Capital Management LLC raised its position in Affirm by 9.3% in the 3rd quarter. Spyglass Capital Management LLC now owns 2,348,095 shares of the company’s stock valued at $95,849,000 after purchasing an additional 200,449 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Affirm by 44.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,203,210 shares of the company’s stock valued at $89,935,000 after purchasing an additional 672,883 shares during the period. Artemis Investment Management LLP increased its stake in Affirm by 2.1% in the fourth quarter. Artemis Investment Management LLP now owns 770,245 shares of the company’s stock valued at $46,908,000 after purchasing an additional 15,517 shares during the period. Bank of Montreal Can raised its holdings in shares of Affirm by 269.7% in the third quarter. Bank of Montreal Can now owns 724,336 shares of the company’s stock valued at $29,814,000 after buying an additional 528,400 shares during the last quarter. Finally, Holocene Advisors LP acquired a new stake in shares of Affirm during the third quarter worth about $27,872,000. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AFRM shares. Morgan Stanley upgraded Affirm from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $22.00 to $37.00 in a research report on Wednesday, October 9th. Needham & Company LLC restated a “hold” rating on shares of Affirm in a research note on Wednesday. Susquehanna lowered shares of Affirm from a “positive” rating to a “neutral” rating and set a $57.00 price objective on the stock. in a research report on Tuesday. Mizuho upped their price objective on shares of Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Finally, Bank of America lifted their target price on shares of Affirm from $50.00 to $74.00 and gave the company a “buy” rating in a report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Affirm currently has a consensus rating of “Moderate Buy” and an average price target of $61.88.

Affirm Price Performance

Affirm stock opened at $55.73 on Friday. The firm has a market capitalization of $17.50 billion, a PE ratio of -39.25 and a beta of 3.67. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $73.34. The firm’s 50-day simple moving average is $64.08 and its 200 day simple moving average is $47.02. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, beating the consensus estimate of ($0.36) by $0.05. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.57%. The business had revenue of $698.48 million for the quarter, compared to analyst estimates of $661.39 million. During the same period in the prior year, the business earned ($0.57) earnings per share. On average, equities research analysts predict that Affirm Holdings, Inc. will post -0.62 EPS for the current fiscal year.

Insider Transactions at Affirm

In other news, CFO Robert O’hare sold 6,541 shares of Affirm stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $62.28, for a total transaction of $407,373.48. Following the completion of the sale, the chief financial officer now directly owns 2,963 shares in the company, valued at $184,535.64. The trade was a 68.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Michael Linford sold 400,000 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $68.99, for a total transaction of $27,596,000.00. Following the transaction, the chief operating officer now directly owns 85,420 shares in the company, valued at $5,893,125.80. The trade was a 82.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,323,478 shares of company stock valued at $86,285,371 over the last three months. 12.41% of the stock is currently owned by insiders.

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.