California Public Employees Retirement System Buys 5,173 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

California Public Employees Retirement System increased its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 330,486 shares of the company’s stock after acquiring an additional 5,173 shares during the period. California Public Employees Retirement System owned about 0.11% of Affirm worth $16,240,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of AFRM. Duality Advisers LP purchased a new stake in Affirm during the 4th quarter valued at $3,183,000. Handelsbanken Fonder AB raised its stake in shares of Affirm by 39.4% during the fourth quarter. Handelsbanken Fonder AB now owns 40,000 shares of the company’s stock valued at $1,966,000 after acquiring an additional 11,300 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in shares of Affirm by 117.9% during the fourth quarter. Lindbrook Capital LLC now owns 1,386 shares of the company’s stock worth $68,000 after purchasing an additional 750 shares during the period. J.W. Cole Advisors Inc. bought a new stake in shares of Affirm in the fourth quarter worth about $453,000. Finally, Xponance Inc. purchased a new position in Affirm during the 4th quarter valued at about $402,000. Institutional investors own 69.29% of the company’s stock.

Insider Buying and Selling

In other Affirm news, Director Keith Rabois sold 9,276 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 78,552 shares in the company, valued at $2,701,403.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 13.05% of the stock is owned by insiders.

Affirm Price Performance

Shares of NASDAQ AFRM opened at $33.42 on Tuesday. The company has a 50 day moving average of $35.14 and a 200 day moving average of $35.32. The company has a quick ratio of 11.49, a current ratio of 11.49 and a debt-to-equity ratio of 2.35. The firm has a market cap of $10.26 billion, a P/E ratio of -13.42 and a beta of 3.58. Affirm Holdings, Inc. has a twelve month low of $8.80 and a twelve month high of $52.48.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data 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 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, research analysts expect that Affirm Holdings, Inc. will post -2.45 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AFRM. Wedbush reiterated an “underperform” rating and issued a $20.00 price objective on shares of Affirm in a report on Friday, February 9th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Affirm from $24.00 to $35.00 and gave the company a “hold” rating in a research report on Friday, February 9th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Affirm in a research report on Tuesday, April 23rd. BMO Capital Markets boosted their price target 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 raised their price objective on shares of Affirm from $26.00 to $50.00 and gave the stock a “sector perform” rating in a report on Friday, February 9th. Six analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $27.86.

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.