Affirm Holdings, Inc. $AFRM Shares Acquired by Strs Ohio

Strs Ohio increased its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 85.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 24,884 shares of the company’s stock after buying an additional 11,468 shares during the quarter. Strs Ohio’s holdings in Affirm were worth $1,852,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in AFRM. Artemis Investment Management LLP increased its stake in Affirm by 75.9% during the fourth quarter. Artemis Investment Management LLP now owns 793,941 shares of the company’s stock worth $59,093,000 after acquiring an additional 342,669 shares during the last quarter. PFA Pension Forsikringsaktieselskab purchased a new stake in Affirm in the fourth quarter valued at $8,104,000. Fifth Third Bancorp lifted its stake in shares of Affirm by 63.6% in the 4th quarter. Fifth Third Bancorp now owns 522 shares of the company’s stock valued at $39,000 after purchasing an additional 203 shares during the last quarter. Danske Bank A S grew its holdings in shares of Affirm by 23.8% during the 4th quarter. Danske Bank A S now owns 113,900 shares of the company’s stock worth $8,478,000 after purchasing an additional 21,900 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of Affirm by 43.3% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 17,435 shares of the company’s stock worth $1,298,000 after purchasing an additional 5,266 shares during the period. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Affirm news, Director Noel Bertram Watson sold 2,000 shares of the stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $55.00, for a total transaction of $110,000.00. Following the sale, the director directly owned 38,076 shares in the company, valued at $2,094,180. This represents a 4.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.01% of the stock is currently owned by insiders.

Affirm Stock Down 1.8%

Shares of NASDAQ:AFRM opened at $65.58 on Thursday. The firm has a market capitalization of $21.85 billion, a PE ratio of 80.96, a price-to-earnings-growth ratio of 4.67 and a beta of 3.72. Affirm Holdings, Inc. has a 1 year low of $42.10 and a 1 year high of $100.00. The company has a debt-to-equity ratio of 2.58, a current ratio of 11.41 and a quick ratio of 11.41. The firm’s 50-day moving average is $52.27 and its two-hundred day moving average is $63.16.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Thursday, February 5th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.28 by $0.09. The business had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.06 billion. Affirm had a net margin of 7.60% and a return on equity of 8.83%. The business’s revenue for the quarter was up 29.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.23 earnings per share. Analysts predict that Affirm Holdings, Inc. will post 1.08 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AFRM. Robert W. Baird initiated coverage on Affirm in a research report on Thursday, February 19th. They set a “neutral” rating and a $55.00 price objective for the company. UBS Group set a $78.00 target price on shares of Affirm in a research note on Friday, February 6th. Citigroup reiterated a “buy” rating on shares of Affirm in a research report on Wednesday, April 15th. Needham & Company LLC dropped their target price on shares of Affirm from $100.00 to $85.00 and set a “buy” rating for the company in a report on Friday, February 6th. Finally, Zacks Research lowered Affirm from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Affirm currently has an average rating of “Moderate Buy” and a consensus target price of $83.76.

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.