Allspring Global Investments Holdings LLC Has $71.83 Million Holdings in Affirm Holdings, Inc. $AFRM

Allspring Global Investments Holdings LLC raised its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 23.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,577,264 shares of the company’s stock after buying an additional 303,037 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Affirm were worth $71,829,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Independent Financial Group LLC bought a new stake in shares of Affirm in the 1st quarter valued at about $507,000. Geneos Wealth Management Inc. boosted its position in Affirm by 24.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 10,256 shares of the company’s stock worth $470,000 after acquiring an additional 2,000 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Affirm during the 1st quarter worth approximately $143,000. Bleakley Financial Group LLC bought a new stake in Affirm during the 1st quarter worth about $613,000. Finally, Principal Financial Group Inc. boosted its stake in shares of Affirm by 59.8% during the 1st quarter. Principal Financial Group Inc. now owns 10,841 shares of the company’s stock worth $497,000 after buying an additional 4,059 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.

Insiders Place Their Bets

In other news, Director Noel Bertram Watson sold 2,000 shares of Affirm stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $65.00, for a total transaction of $130,000.00. Following the sale, the director directly owned 36,076 shares of the company’s stock, valued at approximately $2,344,940. This trade 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Michael Linford sold 100,000 shares of the business’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $80.04, for a total value of $8,004,000.00. Following the sale, the chief operating officer owned 117,984 shares in the company, valued at approximately $9,443,439.36. This trade represents a 45.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 11.01% of the company’s stock.

Affirm Price Performance

Shares of AFRM stock opened at $76.07 on Friday. The business has a fifty day simple moving average of $73.19 and a 200 day simple moving average of $63.82. The company has a market cap of $25.48 billion, a P/E ratio of 69.15, a P/E/G ratio of 3.23 and a beta of 3.67. The company has a quick ratio of 11.32, a current ratio of 11.32 and a debt-to-equity ratio of 2.39. Affirm Holdings, Inc. has a twelve month low of $42.10 and a twelve month high of $100.00.

Affirm (NASDAQ:AFRM) last released its earnings results on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.13. The firm had revenue of $943.95 million for the quarter, compared to analysts’ expectations of $995.27 million. Affirm had a return on equity of 11.17% and a net margin of 9.63%.The business’s revenue for the quarter was up 32.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.01 earnings per share. On average, sell-side analysts forecast that Affirm Holdings, Inc. will post 1.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Mizuho boosted their price target on Affirm from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Citizens Jmp decreased their price objective 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. Bank of America boosted their price objective on shares of Affirm from $82.00 to $88.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. The Goldman Sachs Group upped their target price on shares of Affirm from $90.00 to $106.00 and gave the company a “buy” rating in a report on Thursday, July 9th. Finally, UBS Group boosted their price target on Affirm from $78.00 to $82.00 and gave the stock a “neutral” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $92.04.

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.