Voya Investment Management LLC Sells 140,678 Shares of Affirm Holdings, Inc. $AFRM

Voya Investment Management LLC lessened its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 83.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,530 shares of the company’s stock after selling 140,678 shares during the period. Voya Investment Management LLC’s holdings in Affirm were worth $2,085,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Affirm during the second quarter worth $183,475,000. Aspire Capital Advisors LLC bought a new position in Affirm during the second quarter worth about $310,000. Truist Financial Corp raised its stake in Affirm by 236.6% in the 2nd quarter. Truist Financial Corp now owns 60,725 shares of the company’s stock worth $4,199,000 after purchasing an additional 42,686 shares in the last quarter. GraniteShares Advisors LLC bought a new stake in Affirm in the 2nd quarter valued at about $554,000. Finally, Nordea Investment Management AB grew its position in shares of Affirm by 121.7% during the 2nd quarter. Nordea Investment Management AB now owns 229,837 shares of the company’s stock worth $15,882,000 after purchasing an additional 126,186 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Insider Buying and Selling at Affirm

In other Affirm news, CFO Robert O’hare sold 8,189 shares of Affirm stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $70.00, for a total transaction of $573,230.00. Following the transaction, the chief financial officer directly owned 1,368 shares of the company’s stock, valued at approximately $95,760. The trade was a 85.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 11.01% of the stock is currently owned by corporate insiders.

Affirm Price Performance

Affirm stock opened at $75.81 on Monday. The company has a debt-to-equity ratio of 2.40, a quick ratio of 12.80 and a current ratio of 12.80. Affirm Holdings, Inc. has a 52 week low of $30.90 and a 52 week high of $100.00. The stock has a market capitalization of $25.02 billion, a P/E ratio of 113.15, a price-to-earnings-growth ratio of 3.44 and a beta of 3.57. The stock has a fifty day moving average of $71.30 and a 200-day moving average of $73.07.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.12. Affirm had a net margin of 6.74% and a return on equity of 7.75%. The business had revenue of $933.34 million during the quarter, compared to analysts’ expectations of $881.83 million. During the same period in the prior year, the company earned ($0.31) EPS. The firm’s quarterly revenue was up 33.6% compared to the same quarter last year. On average, sell-side analysts expect that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AFRM has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Affirm from a “hold” rating to a “buy” rating in a research report on Saturday, December 13th. Morgan Stanley lowered their price objective on Affirm from $90.00 to $83.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. Rothschild Redb upgraded Affirm from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Bank of America increased their target price on Affirm from $94.00 to $98.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Affirm in a research note on Monday, December 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $86.57.

Affirm Company 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.