Bank of Montreal Can Sells 715,264 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Bank of Montreal Can trimmed its position in Affirm Holdings, Inc. (NASDAQ:AFRM) by 98.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 9,072 shares of the company’s stock after selling 715,264 shares during the period. Bank of Montreal Can’s holdings in Affirm were worth $552,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Geneos Wealth Management Inc. increased its stake in shares of Affirm by 356.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock valued at $32,000 after buying an additional 410 shares during the period. R Squared Ltd acquired a new position in shares of Affirm during the fourth quarter worth $33,000. Creative Financial Designs Inc. ADV grew its stake in shares of Affirm by 640.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 740 shares of the company’s stock worth $45,000 after purchasing an additional 640 shares during the last quarter. Prestige Wealth Management Group LLC increased its holdings in Affirm by 78.1% in the fourth quarter. Prestige Wealth Management Group LLC now owns 757 shares of the company’s stock valued at $46,000 after purchasing an additional 332 shares during the period. Finally, Valley National Advisers Inc. bought a new position in Affirm during the 4th quarter worth $61,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Stock Down 3.4 %

AFRM stock opened at $40.65 on Tuesday. Affirm Holdings, Inc. has a 1-year low of $22.25 and a 1-year high of $82.53. The stock has a market cap of $12.93 billion, a P/E ratio of -62.54 and a beta of 3.68. The stock’s fifty day simple moving average is $52.14 and its two-hundred day simple moving average is $56.26. The company has a current ratio of 11.26, a quick ratio of 11.26 and a debt-to-equity ratio of 2.68.

Affirm (NASDAQ:AFRM) last released its earnings results on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. Analysts expect that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Insider Buying and Selling

In other Affirm news, Director Christa S. Quarles sold 5,000 shares of Affirm stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $80.00, for a total transaction of $400,000.00. Following the completion of the transaction, the director now owns 137,325 shares of the company’s stock, valued at $10,986,000. The trade was a 3.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Noel Bertram Watson sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $45.78, for a total transaction of $114,450.00. Following the completion of the transaction, the director now owns 38,997 shares of the company’s stock, valued at $1,785,282.66. This trade represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,762 shares of company stock valued at $3,241,246. 12.41% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AFRM shares. JMP Securities raised their price objective on Affirm from $78.00 to $85.00 and gave the stock a “market outperform” rating in a research report on Friday, February 7th. Morgan Stanley increased their price objective on shares of Affirm from $39.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 28th. BMO Capital Markets restated an “outperform” rating and issued a $69.00 target price on shares of Affirm in a report on Thursday, March 20th. Evercore ISI initiated coverage on Affirm in a research report on Wednesday, April 9th. They issued an “outperform” rating and a $50.00 price objective for the company. Finally, UBS Group raised their target price on Affirm from $46.00 to $62.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Eight research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $66.74.

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.