Forsta AP Fonden Has $5.23 Million Stock Holdings in Affirm Holdings, Inc. $AFRM

Forsta AP Fonden lessened its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 24.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 70,300 shares of the company’s stock after selling 22,900 shares during the period. Forsta AP Fonden’s holdings in Affirm were worth $5,232,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in Affirm by 26.1% during the third quarter. Envestnet Asset Management Inc. now owns 235,152 shares of the company’s stock valued at $17,185,000 after acquiring an additional 48,734 shares during the period. SBI Securities Co. Ltd. increased its stake in Affirm by 83.4% during the fourth quarter. SBI Securities Co. Ltd. now owns 48,504 shares of the company’s stock valued at $3,610,000 after acquiring an additional 22,054 shares during the period. Public Sector Pension Investment Board bought a new position in Affirm during the third quarter valued at about $7,103,000. Flagship Harbor Advisors LLC bought a new position in Affirm during the third quarter valued at about $2,408,000. Finally, Vanguard Group Inc. increased its stake in Affirm by 0.9% during the third quarter. Vanguard Group Inc. now owns 24,419,068 shares of the company’s stock valued at $1,784,545,000 after acquiring an additional 223,258 shares during the period. 69.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on AFRM shares. Needham & Company LLC lifted their target price on shares of Affirm from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Royal Bank Of Canada lifted their target price on shares of Affirm from $77.00 to $80.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. Mizuho lifted their target price on shares of Affirm from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, May 14th. Citigroup reissued a “buy” rating on shares of Affirm in a report on Wednesday, April 15th. Finally, UBS Group increased their target price on Affirm from $78.00 to $82.00 and gave the stock a “neutral” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.20.

Insiders Place Their Bets

In related news, Director Noel Bertram Watson sold 2,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $65.00, for a total transaction of $130,000.00. Following the completion of the sale, the director directly owned 36,076 shares of the company’s stock, valued at $2,344,940. This trade represents a 5.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.01% of the stock is owned by corporate insiders.

Affirm Trading Down 1.0%

AFRM stock opened at $72.91 on Tuesday. The business has a fifty day moving average price of $59.12 and a 200 day moving average price of $62.49. Affirm Holdings, Inc. has a fifty-two week low of $42.10 and a fifty-two week high of $100.00. The stock has a market capitalization of $24.42 billion, a price-to-earnings ratio of 66.28, a P/E/G ratio of 4.24 and a beta of 3.70. The company has a debt-to-equity ratio of 2.39, a current ratio of 11.32 and a quick ratio of 11.32.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.13. Affirm had a return on equity of 11.17% and a net margin of 9.63%.The firm had revenue of $943.95 million during the quarter, compared to analysts’ expectations of $995.27 million. During the same period last year, the firm posted $0.01 EPS. The business’s revenue was up 32.7% on a year-over-year basis. Analysts expect that Affirm Holdings, Inc. will post 1.25 EPS for the current fiscal year.

About Affirm

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.