Swiss National Bank Sells 15,400 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Swiss National Bank reduced its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 3.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 425,300 shares of the company’s stock after selling 15,400 shares during the period. Swiss National Bank owned 0.14% of Affirm worth $20,899,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AFRM. Raymond James & Associates grew its stake in Affirm by 9.2% in the third quarter. Raymond James & Associates now owns 21,218 shares of the company’s stock worth $451,000 after purchasing an additional 1,781 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Affirm by 25.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 277,843 shares of the company’s stock valued at $5,910,000 after buying an additional 55,568 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Affirm by 3.2% in the third 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Affirm by 29.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,358 shares of the company’s stock worth $880,000 after acquiring an additional 9,354 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in Affirm by 274.2% in the third quarter. Nisa Investment Advisors LLC now owns 119,970 shares of the company’s stock worth $2,552,000 after acquiring an additional 87,910 shares during the period. 69.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Keith Rabois sold 9,276 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $32.12, for a total value of $297,945.12. Following the transaction, the director now owns 60,000 shares in the company, valued at approximately $1,927,200. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 13.05% of the company’s stock.

Affirm Price Performance

Shares of AFRM opened at $31.58 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. The company’s fifty day moving average price is $34.72 and its 200-day moving average price is $35.96. Affirm Holdings, Inc. has a 1-year low of $11.54 and a 1-year high of $52.48. The firm has a market capitalization of $9.69 billion, a PE ratio of -12.68 and a beta of 3.56.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, February 8th. The company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.08. The business had revenue of $591.11 million for the quarter, compared to the consensus estimate of $523.92 million. Affirm had a negative return on equity of 25.10% and a negative net margin of 39.19%. On average, equities research analysts predict that Affirm Holdings, Inc. will post -2.45 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AFRM shares. Royal Bank of Canada boosted their price target on shares of Affirm from $26.00 to $50.00 and gave the company a “sector perform” rating in a report on Friday, February 9th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Affirm in a report on Wednesday. Wedbush reaffirmed an “underperform” rating and set a $20.00 target price on shares of Affirm in a research report on Friday, February 9th. Deutsche Bank Aktiengesellschaft boosted their price target on Affirm from $24.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Finally, The Goldman Sachs Group lifted their target price on Affirm from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, February 9th. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Affirm presently has an average rating of “Hold” and a consensus target price of $27.86.

Affirm 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.