Affirm Holdings, Inc. $AFRM Stock Sold by Artemis Investment Management LLP

Artemis Investment Management LLP reduced its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 60.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 375,534 shares of the company’s stock after selling 585,468 shares during the period. Artemis Investment Management LLP’s holdings in Affirm were worth $25,998,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of AFRM. Rhodes Investment Advisors Inc. ADV boosted its position in shares of Affirm by 1.3% in the third quarter. Rhodes Investment Advisors Inc. ADV now owns 11,378 shares of the company’s stock worth $788,000 after buying an additional 149 shares during the period. QRG Capital Management Inc. boosted its holdings in Affirm by 3.6% in the 1st quarter. QRG Capital Management Inc. now owns 9,684 shares of the company’s stock worth $444,000 after acquiring an additional 340 shares during the period. IFP Advisors Inc grew its position in Affirm by 9.2% in the second quarter. IFP Advisors Inc now owns 4,080 shares of the company’s stock valued at $333,000 after acquiring an additional 343 shares in the last quarter. ABN Amro Investment Solutions raised its stake in shares of Affirm by 3.6% during the first quarter. ABN Amro Investment Solutions now owns 10,931 shares of the company’s stock valued at $501,000 after purchasing an additional 378 shares during the period. Finally, Parallel Advisors LLC boosted its stake in shares of Affirm by 11.9% in the first quarter. Parallel Advisors LLC now owns 4,497 shares of the company’s stock valued at $206,000 after purchasing an additional 480 shares during the period. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Affirm Stock Performance

NASDAQ AFRM traded up $0.28 during trading hours on Thursday, reaching $75.59. The company’s stock had a trading volume of 999,301 shares, compared to its average volume of 5,197,080. Affirm Holdings, Inc. has a 52 week low of $42.10 and a 52 week high of $90.44. The stock has a market cap of $25.51 billion, a PE ratio of 13.70, a PEG ratio of 3.06 and a beta of 3.82. The company has a current ratio of 11.80, a quick ratio of 11.80 and a debt-to-equity ratio of 1.82. The business has a 50-day simple moving average of $73.53 and a 200 day simple moving average of $68.95.

Affirm (NASDAQ:AFRM) last issued its earnings results on Thursday, August 27th. The company reported $4.62 earnings per share for the quarter, topping the consensus estimate of $0.35 by $4.27. Affirm had a return on equity of 47.91% and a net margin of 45.29%.The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company earned $0.20 earnings per share. The firm’s revenue for the quarter was up 33.1% on a year-over-year basis. Equities research analysts predict that Affirm Holdings, Inc. will post 1.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Barclays boosted their price objective on shares of Affirm from $97.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, August 28th. Weiss Ratings raised Affirm from a “hold (c-)” rating to a “hold (c+)” rating in a research report on Friday, August 28th. Morgan Stanley increased their price target on Affirm from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, August 28th. Susquehanna raised their price objective on Affirm from $105.00 to $110.00 and gave the company a “positive” rating in a research note on Friday, August 28th. Finally, Dbs Bank raised Affirm to a “moderate buy” rating in a research report on Wednesday, September 30th. Twenty-four analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $98.15.

Insider Activity at Affirm

In other Affirm news, CAO Siphelele Jiyane sold 26,980 shares of the firm’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $72.19, for a total transaction of $1,947,686.20. Following the transaction, the chief accounting officer owned 188,711 shares of the company’s stock, valued at approximately $13,623,047.09. This trade represents a 12.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Katherine Adkins sold 41,664 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $75.53, for a total transaction of $3,146,881.92. Following the completion of the transaction, the insider owned 152,439 shares of the company’s stock, valued at $11,513,717.67. This trade represents a 21.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 214,527 shares of company stock worth $16,974,716 in the last 90 days. Corporate insiders own 11.01% of the company’s stock.

Affirm Profile

Affirm Holdings, Inc (NASDAQ: AFRM) operates a digital commerce and financial services platform that enables consumers to pay for purchases over time. Its point-of-sale financing products allow eligible customers to use installment loans, including both short-term and longer-duration payment options, with terms and costs disclosed before purchase.

Affirm’s services are offered through its merchant partners’ online and in-store checkout experiences, as well as through the Affirm app and website.