Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Purchased by Entropy Technologies LP

Entropy Technologies LP lifted its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 73.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,765 shares of the company’s stock after acquiring an additional 8,401 shares during the period. Entropy Technologies LP’s holdings in Affirm were worth $1,204,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in AFRM. ORG Wealth Partners LLC acquired a new stake in Affirm in the 3rd quarter valued at $29,000. Geneos Wealth Management Inc. grew 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 in the last quarter. R Squared Ltd acquired a new stake in shares of Affirm in the fourth quarter valued at about $33,000. Advisors Asset Management Inc. raised its holdings in shares of Affirm by 168.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock valued at $44,000 after buying an additional 671 shares during the period. Finally, Venturi Wealth Management LLC lifted its position in Affirm by 200.5% during 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. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Wedbush upgraded shares of Affirm from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $25.00 to $45.00 in a research note on Monday, October 14th. JMP Securities boosted their price objective on shares of Affirm from $78.00 to $85.00 and gave the stock a “market outperform” rating in a report on Friday. Wells Fargo & Company raised their target price on Affirm from $70.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday. Mizuho boosted their price target on Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Affirm from $45.00 to $75.00 and gave the company a “hold” rating in a report on Monday, December 16th. Nine investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $70.24.

Insider Activity

In related news, Director Keith Rabois sold 16,086 shares of Affirm stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $68.98, for a total transaction of $1,109,612.28. Following the sale, the director now directly owns 109,780 shares in the company, valued at $7,572,624.40. The trade was a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Libor Michalek sold 100,000 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $62.00, for a total transaction of $6,200,000.00. Following the completion of the sale, the president now directly owns 159,449 shares of the company’s stock, valued at $9,885,838. The trade was a 38.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,038,626 shares of company stock valued at $70,690,871. 12.41% of the stock is currently owned by company insiders.

Affirm Price Performance

AFRM opened at $77.75 on Tuesday. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50. The company’s 50-day moving average price is $63.27 and its 200 day moving average price is $49.84. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $79.67. The firm has a market cap of $24.42 billion, a price-to-earnings ratio of -119.62 and a beta of 3.66.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.44. Affirm had a negative return on equity of 7.29% and a negative net margin of 7.10%. As a group, sell-side analysts expect that Affirm Holdings, Inc. will post -0.59 earnings per share for the current 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.