Fox Run Management L.L.C. Lowers Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Fox Run Management L.L.C. trimmed its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 9.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,507 shares of the company’s stock after selling 701 shares during the quarter. Fox Run Management L.L.C.’s holdings in Affirm were worth $396,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. KLP Kapitalforvaltning AS bought a new stake in shares of Affirm during the fourth quarter valued at approximately $2,978,000. Sei Investments Co. boosted its holdings in shares of Affirm by 5.3% during the 4th quarter. Sei Investments Co. now owns 40,840 shares of the company’s stock valued at $2,487,000 after buying an additional 2,067 shares in the last quarter. Vestor Capital LLC bought a new stake in shares of Affirm during the 4th quarter valued at $3,021,000. Berkshire Capital Holdings Inc. increased its stake in shares of Affirm by 22.5% in the 4th quarter. Berkshire Capital Holdings Inc. now owns 177,370 shares of the company’s stock worth $10,802,000 after acquiring an additional 32,540 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its position in Affirm by 121.9% during the 4th quarter. Teacher Retirement System of Texas now owns 62,436 shares of the company’s stock valued at $3,802,000 after acquiring an additional 34,298 shares during the period. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AFRM shares. Seaport Res Ptn upgraded shares of Affirm to a “hold” rating in a report on Monday. UBS Group raised their price objective on Affirm from $46.00 to $62.00 and gave the company a “neutral” rating in a research report on Friday, February 7th. Royal Bank of Canada boosted their target price on Affirm from $67.00 to $81.00 and gave the stock a “sector perform” rating in a report on Friday, February 7th. Susquehanna cut Affirm from a “positive” rating to a “neutral” rating and set a $57.00 target price on the stock. in a research note on Tuesday, January 21st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $69.00 price target on shares of Affirm in a research report on Thursday, March 20th. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Affirm currently has an average rating of “Moderate Buy” and an average price target of $69.76.

Affirm Trading Down 5.1 %

NASDAQ:AFRM opened at $48.32 on Thursday. The company has a market cap of $15.37 billion, a PE ratio of -74.34 and a beta of 3.63. The company has a current ratio of 11.26, a quick ratio of 11.26 and a debt-to-equity ratio of 2.68. The company has a 50 day simple moving average of $60.35 and a two-hundred day simple moving average of $56.27. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $82.53.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of ($0.21) by $0.44. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. Research analysts forecast that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Insider Activity

In other news, Director Keith Rabois sold 16,086 shares of Affirm stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $62.32, for a total transaction of $1,002,479.52. Following the transaction, the director now owns 93,694 shares in the company, valued at $5,839,010.08. This trade represents a 14.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Robert O’hare sold 6,541 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $62.28, for a total value of $407,373.48. Following the completion of the sale, the chief financial officer now owns 2,963 shares of the company’s stock, valued at $184,535.64. This trade represents a 68.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 62,301 shares of company stock valued at $3,920,543 in the last quarter. 12.41% of the stock is currently owned by insiders.

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.