Swedbank AB Purchases Shares of 6,928 Affirm Holdings, Inc. $AFRM

Swedbank AB acquired a new position in Affirm Holdings, Inc. (NASDAQ:AFRM) during the third quarter, HoldingsChannel reports. The institutional investor acquired 6,928 shares of the company’s stock, valued at approximately $506,000.

Several other hedge funds have also modified their holdings of AFRM. Huntington National Bank grew its holdings in shares of Affirm by 634.0% in the second quarter. Huntington National Bank now owns 389 shares of the company’s stock valued at $27,000 after purchasing an additional 336 shares in the last quarter. SouthState Corp grew its stake in shares of Affirm by 190.5% in the 2nd quarter. SouthState Corp now owns 427 shares of the company’s stock worth $30,000 after buying an additional 280 shares in the last quarter. Blume Capital Management Inc. increased its holdings in shares of Affirm by 468.8% in the 2nd quarter. Blume Capital Management Inc. now owns 455 shares of the company’s stock worth $31,000 after buying an additional 375 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Affirm by 86.6% in the 2nd quarter. UMB Bank n.a. now owns 569 shares of the company’s stock worth $39,000 after buying an additional 264 shares during the last quarter. Finally, Allworth Financial LP raised its position in shares of Affirm by 41.9% during the 2nd quarter. Allworth Financial LP now owns 799 shares of the company’s stock valued at $55,000 after buying an additional 236 shares in the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on AFRM. Morgan Stanley dropped their price target on Affirm from $90.00 to $83.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Rothschild & Co Redburn raised Affirm from a “neutral” rating to a “buy” rating and raised their price objective for the company from $74.00 to $101.00 in a research note on Monday, October 6th. Citigroup raised Affirm to a “strong-buy” rating in a research report on Thursday, October 23rd. The Goldman Sachs Group decreased their price target on Affirm from $105.00 to $94.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Affirm in a research note on Wednesday, December 17th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $86.57.

Insider Activity at Affirm

In related news, CFO Robert O’hare sold 8,189 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $70.00, for a total value of $573,230.00. Following the transaction, the chief financial officer owned 1,368 shares of the company’s stock, valued at $95,760. This trade represents a 85.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 11.01% of the company’s stock.

Affirm Trading Down 0.2%

Shares of NASDAQ AFRM opened at $75.81 on Monday. Affirm Holdings, Inc. has a fifty-two week low of $30.90 and a fifty-two week high of $100.00. The company has a debt-to-equity ratio of 2.40, a quick ratio of 12.80 and a current ratio of 12.80. The company has a market cap of $25.02 billion, a price-to-earnings ratio of 113.15, a PEG ratio of 3.44 and a beta of 3.57. The business’s 50 day moving average price is $71.30 and its 200-day moving average price is $73.07.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.11 by $0.12. Affirm had a return on equity of 7.75% and a net margin of 6.74%.The company had revenue of $933.34 million for the quarter, compared to the consensus estimate of $881.83 million. During the same quarter in the prior year, the company posted ($0.31) EPS. Affirm’s quarterly revenue was up 33.6% on a year-over-year basis. On average, sell-side analysts expect that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Affirm Profile

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.