21,656 Shares in Affirm Holdings, Inc. $AFRM Acquired by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. bought a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 21,656 shares of the company’s stock, valued at approximately $1,616,000.

Other large investors also recently added to or reduced their stakes in the company. Assetmark Inc. grew its holdings in Affirm by 111.3% during the 3rd quarter. Assetmark Inc. now owns 338 shares of the company’s stock worth $25,000 after acquiring an additional 178 shares in the last quarter. Triumph Capital Management acquired a new stake in shares of Affirm in the 3rd quarter valued at $31,000. CoreCap Advisors LLC lifted its position in shares of Affirm by 431.3% during the 4th quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock worth $33,000 after purchasing an additional 358 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Affirm by 74.5% during the 3rd quarter. Larson Financial Group LLC now owns 499 shares of the company’s stock worth $36,000 after purchasing an additional 213 shares during the last quarter. Finally, Bogart Wealth LLC grew its stake in shares of Affirm by 2,381.0% during the fourth quarter. Bogart Wealth LLC now owns 521 shares of the company’s stock worth $39,000 after purchasing an additional 500 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AFRM shares. The Goldman Sachs Group downgraded Affirm from a “buy” rating to a “hold” rating in a report on Tuesday, February 24th. TD Cowen reiterated a “buy” rating on shares of Affirm in a research note on Friday, February 6th. Oppenheimer reissued an “outperform” rating and set a $87.00 price objective on shares of Affirm in a research report on Friday, May 8th. Zacks Research downgraded shares of Affirm from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 29th. Finally, Morgan Stanley set a $79.00 price target on Affirm and gave the company an “overweight” rating in a research report on Sunday, May 10th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $86.20.

Insider Transactions at Affirm

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

Affirm Trading Down 2.6%

NASDAQ AFRM opened at $71.01 on Wednesday. The company has a quick ratio of 11.32, a current ratio of 11.32 and a debt-to-equity ratio of 2.39. The stock has a market capitalization of $23.78 billion, a P/E ratio of 64.55, a P/E/G ratio of 4.20 and a beta of 3.70. Affirm Holdings, Inc. has a 52-week low of $42.10 and a 52-week high of $100.00. The firm has a 50-day moving average price of $59.12 and a 200 day moving average price of $62.49.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the prior year, the business posted $0.01 earnings per share. Affirm’s revenue was up 32.7% compared to the same quarter last year. Equities research analysts expect that Affirm Holdings, Inc. will post 1.25 EPS 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.