GAMMA Investing LLC Decreases Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

GAMMA Investing LLC decreased its position in Affirm Holdings, Inc. (NASDAQ:AFRM) by 13.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,439 shares of the company’s stock after selling 515 shares during the quarter. GAMMA Investing LLC’s holdings in Affirm were worth $140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ridgewood Investments LLC purchased a new stake in shares of Affirm in the 2nd quarter valued at $27,000. Raleigh Capital Management Inc. bought a new position in shares of Affirm during the fourth quarter valued at about $33,000. Global Wealth Strategies & Associates increased its holdings in shares of Affirm by 94.0% in the first quarter. Global Wealth Strategies & Associates now owns 970 shares of the company’s stock worth $36,000 after buying an additional 470 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Affirm by 82.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock valued at $36,000 after acquiring an additional 540 shares during the last quarter. Finally, ORG Partners LLC boosted its holdings in Affirm by 80.0% during the 2nd quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock valued at $37,000 after acquiring an additional 551 shares during the period. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Analyst Upgrades and Downgrades

AFRM has been the topic of a number of analyst reports. Morgan Stanley raised Affirm from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $22.00 to $37.00 in a research note on Wednesday. Barclays lifted their target price on shares of Affirm from $50.00 to $54.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Wells Fargo & Company raised shares of Affirm from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $40.00 to $52.00 in a research report on Friday. Needham & Company LLC restated a “hold” rating on shares of Affirm in a research report on Friday, September 6th. Finally, Mizuho reiterated an “outperform” rating and set a $65.00 target price on shares of Affirm in a report on Tuesday, August 27th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $39.82.

Insider Buying and Selling

In other Affirm news, Director Keith Rabois sold 9,275 shares of Affirm stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $26.90, for a total transaction of $249,497.50. Following the completion of the transaction, the director now owns 64,348 shares in the company, valued at approximately $1,730,961.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Affirm news, Director Keith Rabois sold 9,275 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $26.90, for a total transaction of $249,497.50. Following the completion of the sale, the director now directly owns 64,348 shares in the company, valued at approximately $1,730,961.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Katherine Adkins sold 6,084 shares of Affirm stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $45.00, for a total transaction of $273,780.00. Following the completion of the transaction, the insider now directly owns 122,069 shares of the company’s stock, valued at $5,493,105. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 112,075 shares of company stock worth $4,803,786 in the last 90 days. Insiders own 13.05% of the company’s stock.

Affirm Stock Performance

Shares of AFRM stock opened at $47.08 on Friday. The company’s fifty day moving average price is $36.84 and its 200-day moving average price is $33.26. The stock has a market cap of $14.65 billion, a PE ratio of -28.02 and a beta of 3.50. The company has a current ratio of 13.07, a quick ratio of 13.07 and a debt-to-equity ratio of 2.41. Affirm Holdings, Inc. has a 12 month low of $15.97 and a 12 month high of $52.48.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Wednesday, August 28th. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.45) by $0.31. Affirm had a negative net margin of 22.29% and a negative return on equity of 15.55%. The business had revenue of $659.19 million for the quarter, compared to analyst estimates of $599.50 million. On average, equities analysts expect that Affirm Holdings, Inc. will post -0.82 EPS for the current fiscal year.

Affirm Company 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.