Handelsbanken Fonder AB Acquires 11,300 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Handelsbanken Fonder AB lifted its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 39.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,000 shares of the company’s stock after purchasing an additional 11,300 shares during the period. Handelsbanken Fonder AB’s holdings in Affirm were worth $1,966,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Creative Financial Designs Inc. ADV boosted its position in shares of Affirm by 82.2% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 665 shares of the company’s stock valued at $33,000 after purchasing an additional 300 shares in the last quarter. Treasurer of the State of North Carolina boosted its holdings in Affirm by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 95,536 shares of the company’s stock worth $2,032,000 after acquiring an additional 480 shares in the last quarter. Planned Solutions Inc. bought a new position in Affirm in the fourth quarter worth approximately $25,000. Signaturefd LLC boosted its holdings in Affirm by 9.0% in the third quarter. Signaturefd LLC now owns 6,382 shares of the company’s stock worth $136,000 after acquiring an additional 528 shares in the last quarter. Finally, Lindbrook Capital LLC boosted its holdings in Affirm by 117.9% in the fourth quarter. Lindbrook Capital LLC now owns 1,386 shares of the company’s stock worth $68,000 after acquiring an additional 750 shares in the last quarter. Institutional investors own 69.29% of the company’s stock.

Affirm Stock Performance

Shares of AFRM opened at $33.33 on Friday. The company has a current ratio of 11.49, a quick ratio of 11.49 and a debt-to-equity ratio of 2.35. The company has a market capitalization of $10.23 billion, a price-to-earnings ratio of -13.39 and a beta of 3.57. The stock has a 50 day moving average of $35.24 and a 200 day moving average of $35.00. Affirm Holdings, Inc. has a 12 month low of $8.80 and a 12 month high of $52.48.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings results on Thursday, February 8th. The company reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.08. The company had revenue of $591.11 million during 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%. As a group, sell-side analysts forecast that Affirm Holdings, Inc. will post -2.45 earnings per share for the current year.

Insiders Place Their Bets

In other Affirm news, Director Keith Rabois sold 9,276 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was 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 $2,701,403.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 13.05% of the company’s stock.

Analyst Upgrades and Downgrades

AFRM has been the topic of several recent research reports. BMO Capital Markets increased their price target on Affirm from $44.00 to $47.00 and gave the stock a “market perform” rating in a report on Monday, February 12th. Wedbush reiterated an “underperform” rating and issued a $20.00 price target on shares of Affirm in a report on Friday, February 9th. Deutsche Bank Aktiengesellschaft increased their price target on Affirm from $24.00 to $35.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Stephens increased their price objective on Affirm from $6.00 to $16.00 and gave the stock an “underweight” rating in a research note on Friday, February 9th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Affirm in a research note on Tuesday. Six investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $27.86.

About Affirm

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.