Sora Investors LLC Buys Shares of 70,000 Affirm Holdings, Inc. (NASDAQ:AFRM)

Sora Investors LLC acquired a new position in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 70,000 shares of the company's stock, valued at approximately $2,857,000.

Other hedge funds have also recently bought and sold shares of the company. Comerica Bank raised its position in shares of Affirm by 16.2% in the first quarter. Comerica Bank now owns 6,109 shares of the company's stock valued at $228,000 after purchasing an additional 850 shares during the period. Cetera Advisors LLC raised its holdings in Affirm by 38.4% in the 1st quarter. Cetera Advisors LLC now owns 7,231 shares of the company's stock worth $269,000 after acquiring an additional 2,005 shares during the period. Mather Group LLC. lifted its position in Affirm by 951.2% during the 2nd quarter. Mather Group LLC. now owns 4,226 shares of the company's stock worth $128,000 after acquiring an additional 3,824 shares during the last quarter. Omega Financial Group LLC boosted its holdings in Affirm by 9.2% during the second quarter. Omega Financial Group LLC now owns 102,171 shares of the company's stock valued at $3,087,000 after acquiring an additional 8,603 shares during the period. Finally, Sequoia Financial Advisors LLC grew its position in shares of Affirm by 15.5% in the second quarter. Sequoia Financial Advisors LLC now owns 10,159 shares of the company's stock valued at $307,000 after purchasing an additional 1,367 shares during the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AFRM has been the subject of several recent analyst reports. Barclays increased their target price on Affirm from $64.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, November 25th. Morgan Stanley raised shares of Affirm from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $22.00 to $37.00 in a research report on Wednesday, October 9th. Needham & Company LLC reiterated a "hold" rating on shares of Affirm in a research note on Friday, September 6th. The Goldman Sachs Group raised their price target on shares of Affirm from $57.00 to $78.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Mizuho upped their price objective on shares of Affirm from $65.00 to $69.00 and gave the company an "outperform" rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, Affirm currently has an average rating of "Hold" and a consensus target price of $55.33.

Insider Activity

In other news, CFO Robert O'hare sold 100,938 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $55.00, for a total transaction of $5,551,590.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Libor Michalek sold 6,629 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $72.08, for a total transaction of $477,818.32. Following the completion of the transaction, the president now owns 160,601 shares of the company's stock, valued at $11,576,120.08. This trade represents a 3.96 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 891,694 shares of company stock worth $53,821,357. Insiders own 12.41% of the company's stock.

Affirm Price Performance

AFRM stock traded up $3.61 during trading on Friday, hitting $71.96. The company had a trading volume of 3,869,940 shares, compared to its average volume of 9,044,425. The company has a fifty day moving average price of $51.40 and a two-hundred day moving average price of $38.98. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $72.82. The company has a market cap of $22.60 billion, a P/E ratio of -48.13 and a beta of 3.66. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50.

Affirm (NASDAQ:AFRM - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, beating the consensus estimate 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 in the previous year, the company earned ($0.57) EPS. Equities research analysts expect that Affirm Holdings, Inc. will post -0.53 earnings per share for the current fiscal year.

Affirm 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.