Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. cut its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 22.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,216 shares of the company's stock after selling 5,686 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Affirm were worth $1,170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of AFRM. Private Advisor Group LLC raised its holdings in shares of Affirm by 8.1% in the third quarter. Private Advisor Group LLC now owns 10,528 shares of the company's stock worth $430,000 after buying an additional 792 shares during the period. International Assets Investment Management LLC bought a new position in Affirm in the third quarter worth approximately $731,000. US Bancorp DE grew its stake in Affirm by 9.0% in the third quarter. US Bancorp DE now owns 17,065 shares of the company's stock worth $697,000 after purchasing an additional 1,410 shares in the last quarter. Stephens Inc. AR bought a new position in Affirm in the third quarter worth approximately $314,000. Finally, ASB Consultores LLC bought a new position in Affirm in the third quarter worth approximately $264,000. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Affirm Stock Performance

Shares of NASDAQ AFRM traded up $1.64 during trading on Wednesday, reaching $58.65. 6,349,476 shares of the company traded hands, compared to its average volume of 7,910,168. The firm's fifty day simple moving average is $63.94 and its 200 day simple moving average is $54.89. The stock has a market cap of $18.65 billion, a P/E ratio of -90.23 and a beta of 3.66. Affirm Holdings, Inc. has a 12-month low of $22.25 and a 12-month high of $82.53. The company has a current ratio of 11.26, a quick ratio of 11.26 and a debt-to-equity ratio of 2.68.

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

Insider Activity at Affirm

In related news, COO Michael Linford sold 400,000 shares of Affirm stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $68.99, for a total value of $27,596,000.00. Following the completion of the transaction, the chief operating officer now owns 85,420 shares in the company, valued at $5,893,125.80. The trade was a 82.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Noel Bertram Watson sold 2,500 shares of Affirm stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $72.05, for a total value of $180,125.00. Following the completion of the sale, the director now owns 41,497 shares in the company, valued at approximately $2,989,858.85. The trade was a 5.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 478,387 shares of company stock worth $32,691,830 in the last 90 days. Corporate insiders own 12.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Royal Bank of Canada increased their price objective on Affirm from $67.00 to $81.00 and gave the stock a "sector perform" rating in a research note on Friday, February 7th. Bank of America increased their target price on Affirm from $50.00 to $74.00 and gave the company a "buy" rating in a research report on Friday, November 22nd. Mizuho increased their target price on Affirm from $65.00 to $69.00 and gave the company an "outperform" rating in a research report on Tuesday, November 19th. Wells Fargo & Company increased their target price on Affirm from $70.00 to $85.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Finally, Susquehanna cut Affirm from a "positive" rating to a "neutral" rating and set a $57.00 target price on the stock. in a research report on Tuesday, January 21st. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $70.24.

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.