Creative Financial Designs Inc. ADV Increases Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Creative Financial Designs Inc. ADV boosted its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 640.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 740 shares of the company’s stock after acquiring an additional 640 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Affirm were worth $45,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Holocene Advisors LP acquired a new position in Affirm in the 3rd quarter valued at about $27,872,000. Charles Schwab Investment Management Inc. boosted its holdings in Affirm by 44.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,203,210 shares of the company’s stock valued at $89,935,000 after purchasing an additional 672,883 shares during the last quarter. Bank of Montreal Can boosted its holdings in Affirm by 269.7% in the 3rd quarter. Bank of Montreal Can now owns 724,336 shares of the company’s stock valued at $29,814,000 after purchasing an additional 528,400 shares during the last quarter. Atreides Management LP acquired a new position in Affirm in the 3rd quarter valued at about $20,404,000. Finally, Quadrature Capital Ltd boosted its holdings in Affirm by 214.4% in the 3rd quarter. Quadrature Capital Ltd now owns 485,431 shares of the company’s stock valued at $19,820,000 after purchasing an additional 331,042 shares during the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Affirm Trading Up 4.1 %

Shares of NASDAQ:AFRM opened at $49.90 on Friday. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $82.53. The company’s 50 day moving average is $60.68 and its two-hundred day moving average is $55.93. 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 market cap of $15.87 billion, a PE ratio of -76.77 and a beta of 3.63.

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Jefferies Financial Group upgraded shares of Affirm from a “hold” rating to a “buy” rating and boosted their target price for the company from $70.00 to $82.00 in a report on Thursday, December 19th. Citizens Jmp upgraded shares of Affirm from a “hold” rating to a “strong-buy” rating in a report on Friday, December 20th. Bank of America upped their price objective on shares of Affirm from $50.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Compass Point upgraded shares of Affirm from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $61.00 to $64.00 in a report on Wednesday. Finally, Susquehanna lowered shares of Affirm from a “positive” rating to a “neutral” rating and set a $57.00 price objective on the stock. in a report on Tuesday, January 21st. Seven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.76.

Insider Buying and Selling at Affirm

In related news, Director Noel Bertram Watson sold 2,500 shares of the stock in a transaction 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 transaction, the director now directly owns 38,997 shares of the company’s stock, valued at $1,785,282.66. This trade represents a 6.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Keith Rabois sold 16,088 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $63.97, for a total transaction of $1,029,149.36. Following the completion of the transaction, the director now directly owns 61,520 shares in the company, valued at $3,935,434.40. This trade represents a 20.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 62,301 shares of company stock valued at $3,920,543. Insiders own 12.41% of the company’s stock.

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.