Bank of Montreal Can Trims Stock Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

Bank of Montreal Can decreased its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 98.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,072 shares of the company's stock after selling 715,264 shares during the period. Bank of Montreal Can's holdings in Affirm were worth $552,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Geneos Wealth Management Inc. raised its position in shares of Affirm by 356.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 525 shares of the company's stock worth $32,000 after acquiring an additional 410 shares in the last quarter. R Squared Ltd bought a new position in Affirm in the fourth quarter worth about $33,000. Creative Financial Designs Inc. ADV lifted its position in shares of Affirm by 640.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 740 shares of the company's stock valued at $45,000 after buying an additional 640 shares during the last quarter. Prestige Wealth Management Group LLC boosted its holdings in shares of Affirm by 78.1% in the 4th quarter. Prestige Wealth Management Group LLC now owns 757 shares of the company's stock valued at $46,000 after buying an additional 332 shares in the last quarter. Finally, Bogart Wealth LLC purchased a new position in shares of Affirm in the 4th quarter worth approximately $61,000. Hedge funds and other institutional investors own 69.29% of the company's stock.

Insider Transactions at Affirm

In other Affirm news, Director Noel Bertram Watson sold 2,500 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $45.78, for a total transaction of $114,450.00. Following the transaction, the director now owns 38,997 shares of the company's stock, valued at approximately $1,785,282.66. The trade was a 6.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Keith Rabois sold 16,088 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $45.41, for a total transaction of $730,556.08. Following the completion of the sale, the director now directly owns 45,432 shares of the company's stock, valued at $2,063,067.12. This represents a 26.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 55,762 shares of company stock valued at $3,241,246 in the last three months. 12.41% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on AFRM shares. The Goldman Sachs Group lowered their target price on shares of Affirm from $90.00 to $56.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. Needham & Company LLC reissued a "hold" rating on shares of Affirm in a research report on Friday, February 7th. Seaport Res Ptn raised Affirm to a "hold" rating in a research report on Monday, March 24th. Barclays raised their price target on Affirm from $75.00 to $85.00 and gave the stock an "overweight" rating in a report on Monday, February 10th. Finally, UBS Group upped their price objective on shares of Affirm from $46.00 to $62.00 and gave the company a "neutral" rating in a report on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Affirm currently has a consensus rating of "Moderate Buy" and a consensus target price of $66.74.

Affirm Stock Performance

NASDAQ AFRM traded up $1.36 during mid-day trading on Thursday, reaching $48.20. 7,770,192 shares of the stock were exchanged, compared to its average volume of 8,341,275. The company has a market capitalization of $15.33 billion, a P/E ratio of -74.15 and a beta of 3.68. 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 business's 50 day moving average is $50.76 and its 200-day moving average is $56.11. Affirm Holdings, Inc. has a 1 year low of $22.25 and a 1 year high of $82.53.

Affirm (NASDAQ:AFRM - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of ($0.21) by $0.44. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. On average, equities research analysts forecast that Affirm Holdings, Inc. will post -0.18 EPS 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.