Friedenthal Financial Sells 5,588 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Friedenthal Financial decreased its position in Affirm Holdings, Inc. (NASDAQ:AFRM) by 31.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,063 shares of the company’s stock after selling 5,588 shares during the quarter. Friedenthal Financial’s holdings in Affirm were worth $735,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of AFRM. Commonwealth Equity Services LLC increased its position in Affirm by 5.7% during the second quarter. Commonwealth Equity Services LLC now owns 12,548 shares of the company’s stock worth $379,000 after acquiring an additional 680 shares during the period. Daiwa Securities Group Inc. bought a new position in shares of Affirm during the 2nd quarter worth about $233,000. American Century Companies Inc. raised its position in shares of Affirm by 2.8% during the second quarter. American Century Companies Inc. now owns 93,171 shares of the company’s stock valued at $2,815,000 after buying an additional 2,538 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of Affirm by 404.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 13,209 shares of the company’s stock valued at $409,000 after buying an additional 10,592 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its position in Affirm by 87.2% during the second quarter. Oppenheimer Asset Management Inc. now owns 22,470 shares of the company’s stock worth $679,000 after buying an additional 10,469 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AFRM shares. JPMorgan Chase & Co. lifted their price target on shares of Affirm from $56.00 to $74.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Susquehanna upped their target price on shares of Affirm from $52.00 to $57.00 and gave the company a “positive” rating in a research note on Friday, November 8th. Jefferies Financial Group upgraded shares of Affirm from a “hold” rating to a “buy” rating and raised their price target for the stock from $70.00 to $82.00 in a research note on Thursday, December 19th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $46.00 price objective on shares of Affirm in a research note on Friday, October 4th. Finally, Wells Fargo & Company raised their target price on Affirm from $52.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Affirm presently has an average rating of “Moderate Buy” and a consensus price target of $60.94.

Insider Buying and Selling

In related news, President Libor Michalek sold 2,847 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $70.00, for a total transaction of $199,290.00. Following the sale, the president now owns 159,449 shares of the company’s stock, valued at $11,161,430. This trade represents a 1.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Noel Bertram Watson sold 2,500 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $72.05, for a total value of $180,125.00. Following the completion of the transaction, the director now directly owns 41,497 shares of the company’s stock, valued at approximately $2,989,858.85. The trade was a 5.68 % 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 worth $86,285,371 in the last ninety days. 12.41% of the stock is owned by insiders.

Affirm Price Performance

AFRM stock traded down $0.62 during midday trading on Monday, reaching $54.69. The company had a trading volume of 7,063,219 shares, compared to its average volume of 5,283,504. The company has a market capitalization of $17.18 billion, a price-to-earnings ratio of -38.51 and a beta of 3.67. The company has a debt-to-equity ratio of 2.50, a current ratio of 12.60 and a quick ratio of 12.60. Affirm Holdings, Inc. has a 1-year low of $22.25 and a 1-year high of $73.34. The stock has a 50 day moving average price of $63.00 and a 200-day moving average price of $45.34.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.05. The company had revenue of $698.48 million during the quarter, compared to the consensus estimate of $661.39 million. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.57%. During the same quarter in the prior year, the firm posted ($0.57) EPS. Equities research analysts expect that Affirm Holdings, Inc. will post -0.53 earnings per share for the current year.

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.