KLP Kapitalforvaltning AS Takes $2.98 Million Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

KLP Kapitalforvaltning AS bought a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 48,900 shares of the company’s stock, valued at approximately $2,978,000.

Other institutional investors also recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its holdings in shares of Affirm by 356.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock worth $32,000 after buying an additional 410 shares during the last quarter. R Squared Ltd bought a new stake in Affirm during the fourth quarter worth approximately $33,000. Advisors Asset Management Inc. raised its position in Affirm by 168.2% during the third quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock valued at $44,000 after purchasing an additional 671 shares during the period. Creative Financial Designs Inc. ADV lifted its stake in shares of Affirm by 640.0% in 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 position in shares of Affirm in the 4th quarter worth approximately $61,000. 69.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Affirm

In other news, Director Noel Bertram Watson sold 2,500 shares of Affirm stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $45.78, for a total value of $114,450.00. Following the transaction, the director now owns 38,997 shares of the company’s stock, valued at $1,785,282.66. The trade was a 6.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert O’hare sold 6,541 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $62.28, for a total transaction of $407,373.48. Following the transaction, the chief financial officer now owns 2,963 shares of the company’s stock, valued at approximately $184,535.64. This trade represents a 68.82 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 62,301 shares of company stock valued at $3,920,543. Corporate insiders own 12.41% of the company’s stock.

Affirm Trading Down 5.1 %

NASDAQ AFRM opened at $48.32 on Thursday. Affirm Holdings, Inc. has a one year low of $22.25 and a one year high of $82.53. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26. The company has a market capitalization of $15.37 billion, a price-to-earnings ratio of -74.34 and a beta of 3.63. The company’s 50-day simple moving average is $60.35 and its two-hundred day simple moving average is $56.27.

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

Analysts Set New Price Targets

A number of analysts recently issued reports on AFRM shares. Seaport Res Ptn upgraded Affirm to a “hold” rating in a research report on Monday. JPMorgan Chase & Co. raised their target price on shares of Affirm from $56.00 to $74.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. Jefferies Financial Group upgraded shares of Affirm from a “hold” rating to a “buy” rating and upped their price target for the company from $70.00 to $82.00 in a report on Thursday, December 19th. Citizens Jmp raised shares of Affirm from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 20th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Affirm from $45.00 to $75.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $69.76.

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.