Dynamic Technology Lab Private Ltd Sells 17,333 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Dynamic Technology Lab Private Ltd lessened its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 22.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 60,174 shares of the company’s stock after selling 17,333 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Affirm were worth $2,456,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bayesian Capital Management LP acquired a new position in shares of Affirm in the first quarter valued at approximately $2,079,000. Interval Partners LP bought a new position in shares of Affirm during the first quarter valued at $745,000. Comerica Bank raised its stake in shares of Affirm by 16.2% during the first quarter. Comerica Bank now owns 6,109 shares of the company’s stock valued at $228,000 after acquiring an additional 850 shares during the last quarter. Plato Investment Management Ltd lifted its holdings in shares of Affirm by 255.1% during the first quarter. Plato Investment Management Ltd now owns 1,328 shares of the company’s stock worth $49,000 after purchasing an additional 954 shares during the period. Finally, Cetera Advisors LLC grew its stake in shares of Affirm by 38.4% in the first quarter. Cetera Advisors LLC now owns 7,231 shares of the company’s stock worth $269,000 after purchasing an additional 2,005 shares during the last quarter. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Affirm Price Performance

Shares of NASDAQ AFRM opened at $66.55 on Monday. The stock has a market cap of $20.90 billion, a price-to-earnings ratio of -46.87 and a beta of 3.47. The company has a debt-to-equity ratio of 2.50, a quick ratio of 12.60 and a current ratio of 12.60. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $70.03. The firm’s 50-day simple moving average is $46.89 and its 200 day simple moving average is $36.76.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.05. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. The company had revenue of $698.48 million for the quarter, compared to analyst estimates of $661.39 million. During the same quarter last year, the company earned ($0.57) earnings per share. As a group, research analysts anticipate that Affirm Holdings, Inc. will post -0.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Affirm in a research report on Friday, September 6th. Bank of America raised their price objective on Affirm from $50.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday. Wedbush upgraded Affirm from an “underperform” rating to a “neutral” rating and upped their target price for the company from $25.00 to $45.00 in a report on Monday, October 14th. Mizuho raised their price target on shares of Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Finally, Wells Fargo & Company upped their price objective on shares of Affirm from $52.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $50.44.

Insiders Place Their Bets

In other Affirm news, insider Katherine Adkins sold 200,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $55.05, for a total value of $11,010,000.00. Following the completion of the sale, the insider now owns 93,545 shares in the company, valued at approximately $5,149,652.25. This trade represents a 68.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Libor Michalek sold 100,000 shares of Affirm stock in a transaction that occurred on 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 transaction, the president now directly owns 159,449 shares in the company, valued at approximately $9,885,838. This represents a 38.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 580,843 shares of company stock valued at $32,256,766 in the last three months. 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.