Affirm Holdings, Inc. $AFRM Shares Purchased by Allstate Corp

Allstate Corp raised its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 108.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 19,740 shares of the company’s stock after acquiring an additional 10,268 shares during the quarter. Allstate Corp’s holdings in Affirm were worth $1,469,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Invesco Ltd. lifted its position in Affirm by 294.2% in the third quarter. Invesco Ltd. now owns 4,333,691 shares of the company’s stock valued at $316,706,000 after acquiring an additional 3,234,260 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Affirm by 11,042.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,161,278 shares of the company’s stock worth $157,004,000 after buying an additional 2,141,881 shares in the last quarter. Atreides Management LP boosted its holdings in Affirm by 543.3% during the second quarter. Atreides Management LP now owns 1,977,882 shares of the company’s stock worth $136,751,000 after buying an additional 1,670,429 shares in the last quarter. State Street Corp lifted 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 in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in Affirm by 333.5% during the 3rd quarter. Alliancebernstein L.P. now owns 1,166,370 shares of the company’s stock valued at $85,238,000 after buying an additional 897,340 shares during the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Affirm Price Performance

NASDAQ AFRM opened at $73.65 on Friday. The company has a current ratio of 11.32, a quick ratio of 11.32 and a debt-to-equity ratio of 2.39. The company has a fifty day simple moving average of $58.55 and a 200 day simple moving average of $62.60. The company has a market cap of $24.67 billion, a P/E ratio of 66.95, a P/E/G ratio of 4.27 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.

Affirm (NASDAQ:AFRM) last released its earnings results on Thursday, May 7th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.17 by $0.13. The firm had revenue of $943.95 million during the quarter, compared to analysts’ expectations of $995.27 million. Affirm had a net margin of 9.63% and a return on equity of 11.17%. The business’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.01 EPS. On average, sell-side analysts predict that Affirm Holdings, Inc. will post 1.23 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on AFRM shares. JPMorgan Chase & Co. upped their price objective on shares of Affirm from $79.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. BTIG Research reaffirmed a “neutral” rating on shares of Affirm in a report on Tuesday. Morgan Stanley set a $79.00 price target on shares of Affirm and gave the stock an “overweight” rating in a research report on Sunday, May 10th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Affirm in a research report on Friday, March 27th. Finally, Bank of America boosted their price target on shares of Affirm from $82.00 to $88.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, Affirm has an average rating of “Moderate Buy” and an average target price 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.