Teacher Retirement System of Texas Buys 34,298 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Teacher Retirement System of Texas raised its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 121.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,436 shares of the company’s stock after purchasing an additional 34,298 shares during the period. Teacher Retirement System of Texas’ holdings in Affirm were worth $3,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of AFRM. Geneos Wealth Management Inc. raised its holdings in Affirm by 356.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock valued at $32,000 after buying an additional 410 shares during the period. R Squared Ltd purchased a new stake in shares of Affirm in the fourth quarter valued at $33,000. Advisors Asset Management Inc. lifted its holdings in shares of Affirm by 168.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after acquiring an additional 671 shares during the last quarter. Creative Financial Designs Inc. ADV grew its holdings in Affirm by 640.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 740 shares of the company’s stock valued at $45,000 after purchasing an additional 640 shares during the last quarter. Finally, Valley National Advisers Inc. purchased a new stake in Affirm in the 4th quarter worth about $61,000. 69.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AFRM has been the subject of several recent analyst reports. Morgan Stanley boosted their target price on Affirm from $39.00 to $55.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 28th. Jefferies Financial Group raised Affirm from a “hold” rating to a “buy” rating and upped their price objective for the company from $70.00 to $82.00 in a research report on Thursday, December 19th. Compass Point upgraded Affirm from a “neutral” rating to a “buy” rating and increased their target price for the stock from $61.00 to $64.00 in a research note on Wednesday, March 19th. The Goldman Sachs Group lowered their target price on shares of Affirm from $90.00 to $56.00 and set a “buy” rating for the company in a research note on Tuesday, March 18th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Affirm from $45.00 to $75.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Seven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $69.76.

Affirm Price Performance

AFRM opened at $52.54 on Tuesday. The firm has a market capitalization of $16.71 billion, a PE ratio of -80.83 and a beta of 3.63. The business’s 50-day moving average is $60.63 and its two-hundred day moving average is $56.23. Affirm Holdings, Inc. has a 1 year low of $22.25 and a 1 year high of $82.53. The company has a debt-to-equity ratio of 2.68, a current ratio of 11.26 and a quick ratio of 11.26.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, February 6th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. Research analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Insider Transactions at Affirm

In related news, CFO Robert O’hare sold 6,541 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $62.28, for a total value of $407,373.48. Following the completion of the transaction, the chief financial officer now directly owns 2,963 shares of the company’s stock, valued at $184,535.64. This trade represents a 68.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Keith Rabois sold 16,088 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $63.97, for a total transaction of $1,029,149.36. Following the sale, the director now directly owns 61,520 shares in the company, valued at approximately $3,935,434.40. This represents a 20.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 62,301 shares of company stock valued at $3,920,543 in the last quarter. 12.41% of the stock is currently owned by corporate insiders.

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.