O Neil Global Advisors Inc. Has $682,000 Stock Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

O Neil Global Advisors Inc. decreased its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 97.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,193 shares of the company’s stock after selling 369,202 shares during the period. O Neil Global Advisors Inc.’s holdings in Affirm were worth $682,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of AFRM. Geneos Wealth Management Inc. raised its position in shares of Affirm by 356.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock worth $32,000 after acquiring an additional 410 shares during the last quarter. R Squared Ltd bought a new stake in shares of Affirm during the fourth quarter worth approximately $33,000. Bogart Wealth LLC acquired a new position in Affirm in the fourth quarter valued at approximately $61,000. Valley National Advisers Inc. acquired a new stake in Affirm during the 4th quarter worth $61,000. Finally, Advisors Asset Management Inc. raised its position in shares of Affirm by 168.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock valued at $44,000 after acquiring an additional 671 shares during the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, President Libor Michalek sold 96,332 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $70.01, for a total transaction of $6,744,203.32. Following the completion of the transaction, the president now directly owns 159,449 shares of the company’s stock, valued at $11,163,024.49. This trade represents a 37.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christa S. Quarles sold 5,000 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $80.00, for a total transaction of $400,000.00. Following the sale, the director now directly owns 137,325 shares of the company’s stock, valued at $10,986,000. This represents a 3.51 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 754,482 shares of company stock worth $52,297,805. Insiders own 12.41% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on AFRM shares. Citizens Jmp raised Affirm from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 20th. Jefferies Financial Group upgraded shares of Affirm from a “hold” rating to a “buy” rating and increased their target price for the stock from $70.00 to $82.00 in a report on Thursday, December 19th. The Goldman Sachs Group upped their price objective on shares of Affirm from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Barclays boosted their target price on Affirm from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. Finally, Mizuho boosted their price objective on Affirm from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Nine investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Affirm currently has a consensus rating of “Moderate Buy” and an average target price of $70.24.

Affirm Trading Down 2.3 %

Shares of Affirm stock opened at $74.61 on Friday. The firm’s 50-day moving average price is $64.66 and its two-hundred day moving average price is $52.37. The company has a market capitalization of $23.73 billion, a price-to-earnings ratio of -114.78 and a beta of 3.66. 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.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. On average, analysts forecast that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal 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.