Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC grew its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 208.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,775 shares of the company's stock after acquiring an additional 14,720 shares during the period. Tidal Investments LLC's holdings in Affirm were worth $889,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. ORG Wealth Partners LLC purchased a new position in Affirm during the 3rd quarter valued at about $29,000. Ridgewood Investments LLC purchased a new position in Affirm during the second quarter valued at approximately $27,000. Advisors Asset Management Inc. increased its holdings in Affirm by 168.2% during the third quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company's stock valued at $44,000 after buying an additional 671 shares during the period. Venturi Wealth Management LLC raised its stake in Affirm by 200.5% in the third quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company's stock worth $45,000 after buying an additional 732 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Affirm by 82.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company's stock worth $36,000 after buying an additional 540 shares during the period. Hedge funds and other institutional investors own 69.29% of the company's stock.

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 report on Friday, September 6th. Bank of America increased their target price on shares of Affirm from $50.00 to $74.00 and gave the company a "buy" rating in a research report on Friday, November 22nd. Barclays lifted their price target on shares of Affirm from $64.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, November 25th. Wedbush upgraded Affirm from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $25.00 to $45.00 in a report on Monday, October 14th. Finally, Susquehanna boosted their target price on Affirm from $52.00 to $57.00 and gave the stock a "positive" rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $60.94.

Affirm Stock Performance

Shares of AFRM stock traded up $2.64 during trading hours on Friday, hitting $65.64. The company's stock had a trading volume of 8,695,380 shares, compared to its average volume of 9,024,092. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50. The company has a 50 day moving average of $57.45 and a 200 day moving average of $41.90. Affirm Holdings, Inc. has a 12-month low of $22.25 and a 12-month high of $73.34. The stock has a market cap of $20.61 billion, a PE ratio of -46.23 and a beta of 3.66.

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, topping the consensus estimate of ($0.36) by $0.05. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. The company had revenue of $698.48 million for the quarter, compared to the consensus estimate of $661.39 million. During the same period last year, the firm earned ($0.57) EPS. On average, sell-side analysts forecast that Affirm Holdings, Inc. will post -0.53 EPS for the current fiscal year.

Insiders Place Their Bets

In other Affirm news, COO Michael Linford sold 400,000 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $68.99, for a total transaction of $27,596,000.00. Following the completion of the sale, the chief operating officer now directly owns 85,420 shares in the company, valued at approximately $5,893,125.80. The trade was a 82.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Robert O'hare sold 100,938 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The shares were 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. Over the last quarter, insiders sold 1,300,851 shares of company stock worth $84,875,518. Company insiders own 12.41% of the company's stock.

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.