17,332 Shares in Affirm Holdings, Inc. (NASDAQ:AFRM) Acquired by Strs Ohio

Strs Ohio purchased a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 17,332 shares of the company’s stock, valued at approximately $851,000.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Affirm by 1.2% during the third quarter. Vanguard Group Inc. now owns 18,737,059 shares of the company’s stock valued at $398,537,000 after buying an additional 213,421 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Affirm by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,298,330 shares of the company’s stock worth $27,615,000 after purchasing an additional 23,248 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Affirm by 3.1% in the third quarter. Northern Trust Corp now owns 1,002,905 shares of the company’s stock valued at $21,332,000 after buying an additional 30,552 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Affirm by 3.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 754,950 shares of the company’s stock valued at $16,058,000 after acquiring an additional 23,268 shares during the last quarter. Finally, Swiss National Bank boosted its stake in shares of Affirm by 1.8% during the 3rd quarter. Swiss National Bank now owns 440,700 shares of the company’s stock worth $9,374,000 after acquiring an additional 7,800 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Affirm news, Director Keith Rabois sold 9,276 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $34.39, for a total value of $319,001.64. Following the completion of the sale, the director now directly owns 78,552 shares of the company’s stock, valued at approximately $2,701,403.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 13.05% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AFRM. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Affirm in a research note on Tuesday. Stephens lifted their price objective on shares of Affirm from $6.00 to $16.00 and gave the stock an “underweight” rating in a research report on Friday, February 9th. Barclays reduced their price objective on Affirm from $50.00 to $41.00 and set an “overweight” rating for the company in a research note on Tuesday, April 16th. BMO Capital Markets boosted their price objective on shares of Affirm from $44.00 to $47.00 and gave the company a “market perform” rating in a research report on Monday, February 12th. Finally, Royal Bank of Canada lifted their target price on shares of Affirm from $26.00 to $50.00 and gave the company a “sector perform” rating in a research note on Friday, February 9th. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $27.86.

Affirm Stock Performance

Shares of AFRM opened at $32.08 on Thursday. The company has a debt-to-equity ratio of 2.35, a current ratio of 11.49 and a quick ratio of 11.49. Affirm Holdings, Inc. has a one year low of $8.80 and a one year high of $52.48. The company’s fifty day moving average price is $35.53 and its 200 day moving average price is $34.92. The company has a market capitalization of $9.84 billion, a PE ratio of -12.88 and a beta of 3.57.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Thursday, February 8th. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.28) by $0.08. The business had revenue of $591.11 million during the quarter, compared to analysts’ expectations of $523.92 million. Affirm had a negative return on equity of 25.10% and a negative net margin of 39.19%. As a group, analysts expect that Affirm Holdings, Inc. will post -2.45 earnings per share for the current year.

Affirm Company Profile

Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States, Canada, and internationally. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time with terms ranging up to 60 months.