Ieq Capital LLC Sells 246 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Ieq Capital LLC reduced its position in Affirm Holdings, Inc. (NASDAQ:AFRM) by 0.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,199 shares of the company’s stock after selling 246 shares during the quarter. Ieq Capital LLC’s holdings in Affirm were worth $1,839,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Atria Wealth Solutions Inc. bought a new position in shares of Affirm during the 4th quarter valued at $224,000. Venturi Wealth Management LLC boosted its position in Affirm by 29.6% during the fourth quarter. Venturi Wealth Management LLC now owns 1,422 shares of the company’s stock valued at $87,000 after buying an additional 325 shares during the period. Truist Financial Corp bought a new position in shares of Affirm during the fourth quarter valued at about $212,000. CIBC Asset Management Inc increased its holdings in shares of Affirm by 5.6% in the fourth quarter. CIBC Asset Management Inc now owns 7,942 shares of the company’s stock worth $484,000 after buying an additional 422 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of Affirm by 10.8% in the 4th quarter. Rhumbline Advisers now owns 249,451 shares of the company’s stock valued at $15,192,000 after acquiring an additional 24,286 shares during the last quarter. 69.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Susquehanna cut Affirm from a “positive” rating to a “neutral” rating and set a $57.00 price target on the stock. in a research note on Tuesday, January 21st. Morgan Stanley lifted their target price on shares of Affirm from $39.00 to $55.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 28th. Wells Fargo & Company upped their price target on shares of Affirm from $70.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, February 7th. Citizens Jmp raised Affirm from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 20th. Finally, Royal Bank of Canada upped their price objective on shares of Affirm from $67.00 to $81.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $70.24.

Insider Buying and Selling at Affirm

In other news, CFO Robert O’hare sold 13,965 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $68.57, for a total value of $957,580.05. Following the completion of the sale, the chief financial officer now directly owns 668 shares of the company’s stock, valued at $45,804.76. This represents a 95.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Libor Michalek sold 2,847 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were 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 in the company, valued at $11,161,430. The trade was a 1.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 579,111 shares of company stock valued at $40,020,081. Company insiders own 12.41% of the company’s stock.

Affirm Trading Down 8.1 %

Shares of NASDAQ:AFRM opened at $68.55 on Monday. The stock’s 50-day simple moving average is $64.62 and its two-hundred day simple moving average is $53.08. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26. The stock has a market capitalization of $21.80 billion, a price-to-earnings ratio of -105.46 and a beta of 3.66. Affirm Holdings, Inc. has a 52-week low of $22.25 and a 52-week high of $82.53.

Affirm (NASDAQ:AFRM) last issued its quarterly 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 net margin of 7.10% and a negative return on equity of 7.25%. Analysts expect that Affirm Holdings, Inc. will post -0.18 EPS 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.