Natixis Advisors LLC Acquires Shares of 18,595 Affirm Holdings, Inc. (NASDAQ:AFRM)

Natixis Advisors LLC acquired a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 18,595 shares of the company’s stock, valued at approximately $759,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of AFRM. Comerica Bank raised its stake in 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 buying an additional 850 shares during the period. Plato Investment Management Ltd raised its stake in Affirm by 255.1% in the first quarter. Plato Investment Management Ltd now owns 1,328 shares of the company’s stock valued at $49,000 after buying an additional 954 shares during the period. Cetera Advisors LLC raised its stake in Affirm by 38.4% in the first quarter. Cetera Advisors LLC now owns 7,231 shares of the company’s stock valued at $269,000 after buying an additional 2,005 shares during the period. Teachers Retirement System of The State of Kentucky raised its stake in Affirm by 19.7% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 185,058 shares of the company’s stock valued at $6,895,000 after buying an additional 30,500 shares during the period. Finally, GAMMA Investing LLC raised its stake in Affirm by 35.3% in the second quarter. GAMMA Investing LLC now owns 3,954 shares of the company’s stock valued at $119,000 after buying an additional 1,031 shares during the period. Institutional investors own 69.29% of the company’s stock.

Insider Buying and Selling at Affirm

In other news, Director Christa S. Quarles sold 14,400 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $40.02, for a total value of $576,288.00. Following the completion of the transaction, the director now directly owns 141,903 shares in the company, valued at approximately $5,678,958.06. This represents a 9.21 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Katherine Adkins sold 200,000 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $55.05, for a total value of $11,010,000.00. Following the completion of the transaction, the insider now owns 93,545 shares of the company’s stock, valued at $5,149,652.25. The trade was a 68.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 868,253 shares of company stock valued at $52,186,668. 12.41% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Affirm in a research report on Friday, September 6th. Mizuho upped their target price on Affirm from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. BTIG Research raised Affirm from a “neutral” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Tuesday, October 8th. Bank of America upped their target price on Affirm from $50.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Finally, Barclays upped their target price on Affirm from $64.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Affirm has an average rating of “Hold” and a consensus target price of $51.13.

Affirm Trading Up 3.2 %

Shares of AFRM stock opened at $68.37 on Thursday. The stock’s fifty day moving average price is $47.84 and its two-hundred day moving average price is $37.25. The company has a market cap of $21.47 billion, a PE ratio of -48.50 and a beta of 3.47. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $70.20. 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 (NASDAQ:AFRM) last issued its earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.05. The firm had revenue of $698.48 million for 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 last year, the business posted ($0.57) EPS. Equities analysts predict that Affirm Holdings, Inc. will post -0.53 EPS 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.