Treasurer of the State of North Carolina Acquires 12,820 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Treasurer of the State of North Carolina increased its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 12.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,983 shares of the company’s stock after acquiring an additional 12,820 shares during the quarter. Treasurer of the State of North Carolina’s holdings in Affirm were worth $6,942,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Hanseatic Management Services Inc. lifted its position in shares of Affirm by 12.1% in the 4th quarter. Hanseatic Management Services Inc. now owns 1,797 shares of the company’s stock worth $109,000 after purchasing an additional 194 shares during the period. Venturi Wealth Management LLC raised its stake in Affirm by 29.6% in the fourth quarter. Venturi Wealth Management LLC now owns 1,422 shares of the company’s stock worth $87,000 after buying an additional 325 shares in the last quarter. Prestige Wealth Management Group LLC lifted its holdings in Affirm by 78.1% in the fourth quarter. Prestige Wealth Management Group LLC now owns 757 shares of the company’s stock worth $46,000 after buying an additional 332 shares during the period. Waldron Private Wealth LLC boosted its position in Affirm by 7.0% during the 4th quarter. Waldron Private Wealth LLC now owns 5,479 shares of the company’s stock valued at $334,000 after acquiring an additional 357 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Affirm by 356.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock worth $32,000 after acquiring an additional 410 shares during the period. Institutional investors own 69.29% of the company’s stock.

Affirm Stock Down 0.6 %

AFRM opened at $40.49 on Monday. Affirm Holdings, Inc. has a twelve month low of $22.25 and a twelve month high of $82.53. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68. The firm has a 50 day moving average price of $55.81 and a 200-day moving average price of $56.19. The stock has a market capitalization of $12.88 billion, a price-to-earnings ratio of -62.29 and a beta of 3.68.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. The Goldman Sachs Group lowered their target price on Affirm from $90.00 to $56.00 and set a “buy” rating for the company in a research note on Tuesday, March 18th. UBS Group boosted their target price on shares of Affirm from $46.00 to $62.00 and gave the company a “neutral” rating in a report on Friday, February 7th. Evercore ISI started coverage on shares of Affirm in a research note on Wednesday, April 9th. They issued an “outperform” rating and a $50.00 price target for the company. TD Cowen began coverage on shares of Affirm in a research note on Tuesday, April 8th. They set a “buy” rating and a $50.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Affirm from $45.00 to $75.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Eight research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $66.74.

Insider Transactions at Affirm

In related news, Director Keith Rabois sold 16,086 shares of Affirm stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $60.12, for a total transaction of $967,090.32. Following the transaction, the director now directly owns 77,608 shares in the company, valued at approximately $4,665,792.96. The trade was a 17.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Noel Bertram Watson sold 2,500 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $45.78, for a total value of $114,450.00. Following the completion of the sale, the director now owns 38,997 shares of the company’s stock, valued at approximately $1,785,282.66. The trade was a 6.02 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 55,762 shares of company stock worth $3,241,246 in the last 90 days. 12.41% of the stock is currently owned by 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.