Affirm Holdings, Inc. $AFRM Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S decreased its position in Affirm Holdings, Inc. (NASDAQ:AFRM) by 92.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,500 shares of the company’s stock after selling 69,114 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Affirm were worth $252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AFRM. Assetmark Inc. boosted its position in Affirm by 111.3% in the third quarter. Assetmark Inc. now owns 338 shares of the company’s stock valued at $25,000 after buying an additional 178 shares during the last quarter. Greenline Wealth Management LLC purchased a new position in Affirm during the 4th quarter worth approximately $26,000. Triumph Capital Management acquired a new stake in Affirm during the 3rd quarter valued at approximately $31,000. CoreCap Advisors LLC lifted its stake in Affirm by 431.3% during the 4th quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock valued at $33,000 after acquiring an additional 358 shares during the period. Finally, Strive Financial Group LLC purchased a new stake in shares of Affirm in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

Insiders Place Their Bets

In other Affirm news, Director Noel Bertram Watson sold 2,000 shares of the stock in a transaction that occurred 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 transaction, the director owned 36,076 shares in the company, valued at approximately $2,344,940. This represents a 5.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 11.01% of the company’s stock.

Analyst Ratings Changes

AFRM has been the topic of a number of research reports. Mizuho increased their price objective on shares of Affirm from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, May 14th. Citizens Jmp decreased their target price on shares of Affirm from $105.00 to $85.00 and set a “market outperform” rating for the company in a research report on Friday, April 17th. Robert W. Baird set a $70.00 price target on shares of Affirm in a report on Friday, May 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Affirm in a research report on Friday, March 27th. Finally, Needham & Company LLC lifted their price objective on Affirm from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $86.68.

Affirm Stock Down 1.0%

AFRM stock opened at $76.85 on Friday. Affirm Holdings, Inc. has a one year low of $42.10 and a one year high of $100.00. The company has a debt-to-equity ratio of 2.39, a quick ratio of 11.32 and a current ratio of 11.32. The firm’s fifty day moving average is $67.42 and its 200 day moving average is $62.66. The firm has a market cap of $25.74 billion, a PE ratio of 69.86, a P/E/G ratio of 4.47 and a beta of 3.70.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.13. Affirm had a net margin of 9.63% and a return on equity of 11.17%. The business had revenue of $943.95 million during the quarter, compared to the consensus estimate of $995.27 million. During the same quarter in the prior year, the firm posted $0.01 earnings per share. The company’s revenue was up 32.7% compared to the same quarter last year. On average, research analysts forecast that Affirm Holdings, Inc. will post 1.25 EPS for the current 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.