Vanguard Personalized Indexing Management LLC Sells 1,037 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Vanguard Personalized Indexing Management LLC cut its stake in Affirm Holdings, Inc. (NASDAQ:AFRMFree Report) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,618 shares of the company’s stock after selling 1,037 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Affirm were worth $1,259,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Ieq Capital LLC grew its stake in Affirm by 26.1% in the 4th quarter. Ieq Capital LLC now owns 27,227 shares of the company’s stock worth $1,338,000 after acquiring an additional 5,639 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Affirm by 6.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,622,592 shares of the company’s stock valued at $128,895,000 after purchasing an additional 153,675 shares during the period. QRG Capital Management Inc. grew its stake in Affirm by 2.6% in the fourth quarter. QRG Capital Management Inc. now owns 178,547 shares of the company’s stock worth $8,774,000 after purchasing an additional 4,553 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in Affirm by 56.3% during the 4th quarter. Teacher Retirement System of Texas now owns 24,014 shares of the company’s stock worth $1,180,000 after purchasing an additional 8,647 shares during the period. Finally, Principal Securities Inc. bought a new stake in Affirm during the 4th quarter valued at $49,000. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Insiders Place Their Bets

In other Affirm news, Director Keith Rabois sold 9,276 shares of Affirm stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $32.12, for a total transaction of $297,945.12. Following the completion of the sale, the director now owns 60,000 shares of the company’s stock, valued at approximately $1,927,200. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 13.05% of the stock is currently owned by insiders.

Affirm Stock Up 8.0 %

NASDAQ:AFRM opened at $33.83 on Friday. The company has a current ratio of 12.94, a quick ratio of 12.94 and a debt-to-equity ratio of 2.43. Affirm Holdings, Inc. has a twelve month low of $12.81 and a twelve month high of $52.48. The company has a market cap of $10.46 billion, a PE ratio of -15.17 and a beta of 3.56. The company’s 50 day moving average is $33.95 and its two-hundred day moving average is $36.67.

Affirm (NASDAQ:AFRMGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.43) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.70) by $0.27. The firm had revenue of $576.00 million for the quarter, compared to analyst estimates of $549.99 million. Affirm had a negative net margin of 32.17% and a negative return on equity of 22.06%. The business’s quarterly revenue was up 51.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.69) earnings per share. Analysts anticipate that Affirm Holdings, Inc. will post -1.98 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Needham & Company LLC reissued a “hold” rating on shares of Affirm in a research report on Thursday, May 9th. Barclays reduced their price target on shares of Affirm from $50.00 to $41.00 and set an “overweight” rating for the company in a report on Tuesday, April 16th. Wedbush reaffirmed an “underperform” rating and issued a $20.00 price target on shares of Affirm in a research report on Friday, February 9th. BMO Capital Markets reduced their price objective on shares of Affirm from $48.00 to $46.00 and set a “market perform” rating for the company in a research note on Friday, May 10th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Affirm from $24.00 to $35.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Six research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Affirm has a consensus rating of “Hold” and an average price target of $27.53.

Read Our Latest Analysis on Affirm

Affirm Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Affirm (NASDAQ:AFRM)

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