Landscape Capital Management L.L.C. Lowers Stock Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Landscape Capital Management L.L.C. trimmed its stake in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 44.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 78,486 shares of the company's stock after selling 63,534 shares during the period. Landscape Capital Management L.L.C.'s holdings in Affirm were worth $3,204,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. US Bancorp DE grew its position in Affirm by 5.6% in the 1st quarter. US Bancorp DE now owns 17,166 shares of the company's stock valued at $640,000 after acquiring an additional 914 shares in the last quarter. Avantax Advisory Services Inc. acquired a new stake in Affirm during the 1st quarter worth approximately $258,000. Vanguard Group Inc. boosted its position in Affirm by 6.8% in the 1st quarter. Vanguard Group Inc. now owns 20,823,803 shares of the company's stock valued at $775,895,000 after buying an additional 1,316,901 shares during the period. CreativeOne Wealth LLC acquired a new position in shares of Affirm in the first quarter worth $535,000. Finally, Freestone Capital Holdings LLC purchased a new stake in shares of Affirm during the first quarter worth $730,000. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Affirm Stock Down 1.2 %

Shares of NASDAQ:AFRM opened at $63.19 on Thursday. The company has a market cap of $19.85 billion, a price-to-earnings ratio of -44.50 and a beta of 3.47. The firm's 50-day simple moving average is $45.96 and its 200-day simple moving average is $36.30. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $64.56. 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 posted 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 for 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 last year, the firm posted ($0.57) earnings per share. As a group, equities research analysts predict that Affirm Holdings, Inc. will post -0.53 earnings per share for the current year.

Analyst Ratings Changes

AFRM has been the subject of several analyst reports. Needham & Company LLC reissued a "hold" rating on shares of Affirm in a research note on Friday, September 6th. Bank of America boosted their price objective on Affirm from $36.00 to $42.00 and gave the stock a "buy" rating in a research report on Thursday, August 29th. Barclays raised their target price on shares of Affirm from $54.00 to $64.00 and gave the company an "overweight" rating in a report on Monday. Royal Bank of Canada reissued a "sector perform" rating and issued a $46.00 price objective on shares of Affirm in a research report on Friday, October 4th. Finally, Mizuho lifted their price objective on shares of Affirm from $65.00 to $69.00 and gave the stock an "outperform" rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Affirm currently has an average rating of "Hold" and a consensus target price of $46.85.

Insider Activity

In related news, Director Christa S. Quarles sold 14,400 shares of Affirm stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $40.02, for a total value of $576,288.00. Following the sale, the director now directly owns 141,903 shares in the company, valued at $5,678,958.06. This trade represents a 9.21 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Robert O'hare sold 100,938 shares of the company's stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $55.00, for a total transaction of $5,551,590.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 503,738 shares of company stock worth $27,315,878. 12.41% of the stock is currently owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.