Natixis Advisors LLC Takes $759,000 Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Natixis Advisors LLC purchased a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 18,595 shares of the company’s stock, valued at approximately $759,000.

A number of other large investors also recently modified their holdings of AFRM. Ridgewood Investments LLC bought a new position in Affirm during the 2nd quarter worth $27,000. ORG Wealth Partners LLC bought a new position in Affirm during the 3rd quarter worth $29,000. Allspring Global Investments Holdings LLC raised its position in 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 during the last quarter. ORG Partners LLC raised its position in Affirm by 80.0% during the 2nd 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 last quarter. Finally, Venturi Wealth Management LLC raised its position in shares of Affirm by 200.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock worth $45,000 after acquiring an additional 732 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Affirm

In other Affirm news, President Libor Michalek sold 96,332 shares of Affirm stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $70.01, for a total transaction of $6,744,203.32. Following the transaction, the president now owns 159,449 shares of the company’s stock, valued at $11,163,024.49. This trade represents a 37.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert O’hare sold 79,039 shares of Affirm stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $70.01, for a total transaction of $5,533,520.39. The disclosure for this sale can be found here. In the last quarter, insiders sold 868,253 shares of company stock worth $52,186,668. Insiders own 12.41% of the company’s stock.

Affirm Price Performance

AFRM stock opened at $68.37 on Thursday. The company has a market capitalization of $21.47 billion, a P/E ratio of -48.50 and a beta of 3.47. The company has a debt-to-equity ratio of 2.50, a quick ratio of 12.60 and a current ratio of 12.60. Affirm Holdings, Inc. has a 52-week low of $22.25 and a 52-week high of $70.20. The business has a 50-day simple moving average of $47.84 and a two-hundred day simple moving average of $37.25.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.05. The business had revenue of $698.48 million during the quarter, compared to the consensus estimate of $661.39 million. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. During the same quarter in the previous year, the business earned ($0.57) EPS. Research analysts expect that Affirm Holdings, Inc. will post -0.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AFRM has been the subject of several research analyst reports. Wells Fargo & Company lifted their price objective on Affirm from $52.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Needham & Company LLC reissued a “hold” rating on shares of Affirm in a research report on Friday, September 6th. JPMorgan Chase & Co. lifted their price objective on Affirm from $47.00 to $56.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. BTIG Research raised Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Tuesday, October 8th. Finally, Wedbush raised Affirm from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $25.00 to $45.00 in a research report on Monday, October 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Affirm presently has a consensus rating of “Hold” and a consensus target price of $51.13.

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.