Dynamic Technology Lab Private Ltd Cuts Stock Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Dynamic Technology Lab Private Ltd trimmed its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 21.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,017 shares of the company’s stock after selling 13,157 shares during the quarter. Affirm accounts for approximately 0.5% of Dynamic Technology Lab Private Ltd’s investment portfolio, making the stock its 11th biggest position. Dynamic Technology Lab Private Ltd’s holdings in Affirm were worth $2,863,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AFRM. Vanguard Group Inc. grew its stake in shares of Affirm by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 21,815,563 shares of the company’s stock worth $1,328,568,000 after acquiring an additional 716,574 shares in the last quarter. Geode Capital Management LLC grew its stake in Affirm by 5.4% during the 4th quarter. Geode Capital Management LLC now owns 4,173,353 shares of the company’s stock worth $254,238,000 after purchasing an additional 212,234 shares in the last quarter. Norges Bank purchased a new stake in Affirm during the 4th quarter worth about $139,949,000. Charles Schwab Investment Management Inc. raised its position in Affirm by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,272,058 shares of the company’s stock valued at $138,368,000 after purchasing an additional 68,848 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Affirm by 0.6% in the 4th quarter. Bank of New York Mellon Corp now owns 885,097 shares of the company’s stock valued at $53,902,000 after buying an additional 5,169 shares during the period. 69.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AFRM. Needham & Company LLC reaffirmed a “hold” rating on shares of Affirm in a report on Friday, February 7th. Morgan Stanley lifted 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. Wells Fargo & Company boosted their target price on shares of Affirm from $70.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. JMP Securities raised their price target on Affirm from $78.00 to $85.00 and gave the company a “market outperform” rating in a research note on Friday, February 7th. Finally, Jefferies Financial Group raised Affirm from a “hold” rating to a “buy” rating and upped their price objective for the stock from $70.00 to $82.00 in a research report on Thursday, December 19th. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.76.

Affirm Trading Down 8.1 %

NASDAQ AFRM opened at $35.75 on Friday. Affirm Holdings, Inc. has a one year low of $22.25 and a one year high of $82.53. The firm has a market cap of $11.37 billion, a PE ratio of -55.00 and a beta of 3.68. The firm’s fifty day moving average is $58.49 and its two-hundred day moving average is $56.30. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating 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%. Analysts expect that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Insider Transactions at Affirm

In other Affirm news, Director Keith Rabois sold 16,086 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $60.12, for a total transaction of $967,090.32. Following the transaction, the director now owns 77,608 shares in the company, valued at approximately $4,665,792.96. The trade was a 17.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 value of $114,450.00. Following the completion of the sale, the director now directly owns 38,997 shares of the company’s stock, valued at $1,785,282.66. This represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,762 shares of company stock worth $3,241,246 over the last 90 days. 12.41% of the stock is currently owned by insiders.

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.