3,788,266 Shares in Affirm Holdings, Inc. $AFRM Bought by Norges Bank

Norges Bank bought a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) during the fourth quarter, Holdings Channel.com reports. The fund bought 3,788,266 shares of the company’s stock, valued at approximately $281,961,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Assetmark Inc. increased its position in Affirm by 111.3% during the third quarter. Assetmark Inc. now owns 338 shares of the company’s stock worth $25,000 after acquiring an additional 178 shares during the period. Triumph Capital Management bought a new position in Affirm during the third quarter worth $31,000. CoreCap Advisors LLC increased its position in Affirm by 431.3% during the fourth quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock worth $33,000 after acquiring an additional 358 shares during the period. Larson Financial Group LLC increased its position in Affirm by 74.5% during the third quarter. Larson Financial Group LLC now owns 499 shares of the company’s stock worth $36,000 after acquiring an additional 213 shares during the period. Finally, Bogart Wealth LLC increased its position in 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 acquiring an additional 500 shares during the period. Institutional investors own 69.29% of the company’s stock.

Affirm Trading Down 2.6%

Shares of Affirm stock opened at $71.01 on Wednesday. The firm has a market capitalization of $23.78 billion, a PE ratio of 64.55, a price-to-earnings-growth ratio of 4.20 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. The company’s fifty day moving average price is $59.12 and its two-hundred day moving average price is $62.49. Affirm Holdings, Inc. has a 52-week low of $42.10 and a 52-week high of $100.00.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.13. The firm had revenue of $943.95 million for the quarter, compared to analyst estimates of $995.27 million. Affirm had a net margin of 9.63% and a return on equity of 11.17%. 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 firm posted $0.01 EPS. On average, analysts expect that Affirm Holdings, Inc. will post 1.25 EPS for the current year.

Insider Buying and Selling at Affirm

In other news, Director Noel Bertram Watson sold 2,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $65.00, for a total value of $130,000.00. Following the sale, the director owned 36,076 shares of the company’s stock, valued at approximately $2,344,940. This represents a 5.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 11.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AFRM. Citizens Jmp dropped their target price on shares of Affirm from $105.00 to $85.00 and set a “market outperform” rating on the stock in a research report on Friday, April 17th. BMO Capital Markets began coverage on shares of Affirm in a research report on Tuesday, April 21st. They set an “outperform” rating and a $75.00 target price on the stock. Cantor Fitzgerald boosted their target price on shares of Affirm from $61.00 to $80.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Robert W. Baird set a $70.00 target price on shares of Affirm in a research report on Friday, May 8th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Affirm from $79.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, May 8th. One 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $86.20.

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.