Affirm Holdings, Inc. $AFRM Shares Purchased by Andra AP fonden

Andra AP fonden boosted its position in Affirm Holdings, Inc. (NASDAQ:AFRM) by 121.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 159,400 shares of the company’s stock after purchasing an additional 87,400 shares during the quarter. Andra AP fonden’s holdings in Affirm were worth $7,304,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AFRM. Norges Bank acquired a new stake in shares of Affirm in the fourth quarter valued at about $281,961,000. Invesco Ltd. lifted its stake in Affirm by 294.2% in the 3rd quarter. Invesco Ltd. now owns 4,333,691 shares of the company’s stock worth $316,706,000 after purchasing an additional 3,234,260 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Affirm by 11,042.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,161,278 shares of the company’s stock worth $157,004,000 after purchasing an additional 2,141,881 shares during the last quarter. Atreides Management LP grew its position in shares of Affirm by 543.3% in the second quarter. Atreides Management LP now owns 1,977,882 shares of the company’s stock valued at $136,751,000 after purchasing an additional 1,670,429 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Affirm by 26.7% in the third quarter. State Street Corp now owns 5,641,965 shares of the company’s stock valued at $412,315,000 after purchasing an additional 1,187,665 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. TD Cowen raised their target price on Affirm from $90.00 to $117.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Citizens Jmp cut 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 target price on shares of Affirm from $82.00 to $88.00 and gave the company a “buy” rating in a report on Monday, May 11th. Compass Point set a $100.00 price target on shares of Affirm in a research report on Friday, July 17th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Affirm from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $92.63.

Insider Buying and Selling

In related news, COO Michael Linford sold 100,000 shares of Affirm stock in a transaction on 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 completion of the transaction, the chief operating officer directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Noel Bertram Watson sold 2,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $65.00, for a total value of $130,000.00. Following the transaction, the director directly owned 36,076 shares of the company’s stock, valued at $2,344,940. The trade was a 5.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 1.1%

AFRM opened at $73.92 on Thursday. Affirm Holdings, Inc. has a 52 week low of $42.10 and a 52 week high of $100.00. 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 business has a fifty day simple moving average of $73.76 and a 200-day simple moving average of $63.74. The firm has a market cap of $24.76 billion, a P/E ratio of 67.20, a P/E/G ratio of 3.06 and a beta of 3.67.

Affirm (NASDAQ:AFRM) last announced its earnings results on Thursday, May 7th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.13. The company had revenue of $943.95 million during 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%.Affirm’s revenue for the quarter was up 32.7% on a year-over-year basis. During the same period last year, the business posted $0.01 EPS. On average, equities analysts expect that Affirm Holdings, Inc. will post 1.23 earnings per share 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.