UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $24.70 Million Stock Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 12.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 605,029 shares of the company's stock after selling 83,970 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.19% of Affirm worth $24,697,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of AFRM. Ridgewood Investments LLC bought a new stake in shares of Affirm in the second quarter valued at about $27,000. ORG Wealth Partners LLC bought a new stake in Affirm in the 3rd quarter valued at about $29,000. Allspring Global Investments Holdings LLC grew its position in shares of Affirm by 82.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company's stock worth $36,000 after purchasing an additional 540 shares in the last quarter. ORG Partners LLC increased its holdings in shares of Affirm by 80.0% during the second quarter. ORG Partners LLC now owns 1,240 shares of the company's stock worth $37,000 after purchasing an additional 551 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in shares of Affirm by 168.2% in 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. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Affirm Price Performance

Shares of NASDAQ:AFRM traded up $3.53 during trading on Friday, hitting $71.88. 6,500,112 shares of the company were exchanged, compared to its average volume of 9,056,619. 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 Holdings, Inc. has a 1-year low of $22.25 and a 1-year high of $72.82. The company has a market capitalization of $22.57 billion, a P/E ratio of -48.13 and a beta of 3.66. The business's 50 day moving average is $51.40 and its 200-day moving average is $38.98.

Affirm (NASDAQ:AFRM - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $698.48 million during the quarter, compared to analysts' expectations of $661.39 million. During the same quarter in the prior year, the firm earned ($0.57) EPS. Equities analysts forecast that Affirm Holdings, Inc. will post -0.53 earnings per share for the current year.

Insider Activity at Affirm

In related news, CFO Robert O'hare sold 100,938 shares of the firm's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $55.00, for a total transaction of $5,551,590.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Libor Michalek sold 93,371 shares of the company's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $72.00, for a total value of $6,722,712.00. Following the completion of the sale, the president now owns 160,601 shares in the company, valued at $11,563,272. This trade represents a 36.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 985,065 shares of company stock worth $60,544,069 in the last quarter. 12.41% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AFRM shares. Mizuho raised their price objective on Affirm from $65.00 to $69.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 19th. Wells Fargo & Company raised their price target on Affirm from $52.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $46.00 price objective on shares of Affirm in a research report on Friday, October 4th. Susquehanna increased their price objective on shares of Affirm from $52.00 to $57.00 and gave the stock a "positive" rating in a research note on Friday, November 8th. Finally, BTIG Research upgraded shares of Affirm from a "neutral" rating to a "buy" rating and set a $68.00 target price for the company in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $55.33.

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.