9,580 Shares in Affirm Holdings, Inc. (NASDAQ:AFRM) Acquired by Quest Partners LLC

Quest Partners LLC bought a new position in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 9,580 shares of the company's stock, valued at approximately $391,000.

A number of other institutional investors and hedge funds have also modified their holdings of AFRM. Swiss National Bank grew its position in Affirm by 0.9% during the third quarter. Swiss National Bank now owns 463,500 shares of the company's stock valued at $18,920,000 after purchasing an additional 4,000 shares in the last quarter. Natixis Advisors LLC purchased a new position in shares of Affirm during the 3rd quarter valued at $759,000. CIBC Asset Management Inc increased its stake in shares of Affirm by 3.2% in the third quarter. CIBC Asset Management Inc now owns 7,520 shares of the company's stock worth $307,000 after acquiring an additional 233 shares during the last quarter. KBC Group NV raised its stake in shares of Affirm by 3.6% during the 3rd quarter. KBC Group NV now owns 6,331 shares of the company's stock worth $258,000 after purchasing an additional 222 shares in the last quarter. Finally, Plato Investment Management Ltd lifted its stake in Affirm by 36.9% in the third quarter. Plato Investment Management Ltd now owns 3,103 shares of the company's stock valued at $127,000 after acquiring an additional 836 shares during the last quarter. Hedge funds and other institutional investors own 69.29% of the company's stock.

Affirm Price Performance

AFRM traded up $2.80 during midday trading on Monday, reaching $69.35. 8,305,996 shares of the company's stock were exchanged, compared to its average volume of 9,099,317. Affirm Holdings, Inc. has a one year low of $22.25 and a one year high of $70.20. The firm has a market capitalization of $21.78 billion, a price-to-earnings ratio of -48.84 and a beta of 3.47. The business has a 50-day simple moving average of $47.39 and a two-hundred day simple moving average of $37.01. 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 - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, beating analysts' consensus estimates of ($0.36) by $0.05. The firm had revenue of $698.48 million for the quarter, compared to analysts' expectations of $661.39 million. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. During the same period in the prior year, the business posted ($0.57) earnings per share. As a group, research analysts predict that Affirm Holdings, Inc. will post -0.53 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AFRM. Royal Bank of Canada restated a "sector perform" rating and set a $46.00 price target on shares of Affirm in a report on Friday, October 4th. The Goldman Sachs Group raised their target price on Affirm from $46.00 to $54.00 and gave the company a "buy" rating in a report on Monday, October 14th. Wedbush upgraded Affirm from an "underperform" rating to a "neutral" rating and upped their price target for the stock from $25.00 to $45.00 in a research note on Monday, October 14th. BTIG Research raised Affirm from a "neutral" rating to a "buy" rating and set a $68.00 price objective on the stock in a research note on Tuesday, October 8th. Finally, JPMorgan Chase & Co. upped their target price on Affirm from $47.00 to $56.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Affirm currently has a consensus rating of "Hold" and a consensus price target of $51.13.

Insider Buying and Selling

In related news, Director Christa S. Quarles sold 14,400 shares of the firm's stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $40.02, for a total transaction of $576,288.00. Following the completion of the sale, the director now directly owns 141,903 shares of the company's stock, valued at $5,678,958.06. This trade represents a 9.21 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Robert O'hare sold 100,938 shares of the business's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $55.00, for a total value of $5,551,590.00. The disclosure for this sale can be found here. Insiders sold 671,100 shares of company stock worth $38,575,547 in the last quarter. 12.41% of the stock is owned by corporate 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.