Affirm Holdings, Inc. $AFRM Shares Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. raised its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 386.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,844 shares of the company’s stock after buying an additional 41,187 shares during the period. TD Waterhouse Canada Inc.’s holdings in Affirm were worth $4,228,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Fifth Third Bancorp boosted its holdings in Affirm by 63.6% in the 4th quarter. Fifth Third Bancorp now owns 522 shares of the company’s stock worth $39,000 after acquiring an additional 203 shares during the period. UMB Bank n.a. grew its stake in Affirm by 36.6% in the fourth quarter. UMB Bank n.a. now owns 783 shares of the company’s stock worth $58,000 after purchasing an additional 210 shares in the last quarter. Larson Financial Group LLC grew its position in shares of Affirm by 74.5% in the 3rd quarter. Larson Financial Group LLC now owns 499 shares of the company’s stock worth $36,000 after acquiring an additional 213 shares in the last quarter. Swiss Life Asset Management Ltd boosted its holdings in Affirm by 1.1% in the fourth quarter. Swiss Life Asset Management Ltd now owns 22,296 shares of the company’s stock worth $1,659,000 after purchasing an additional 247 shares during the period. Finally, QRG Capital Management Inc. boosted its holdings in shares of Affirm by 3.6% in the 1st quarter. QRG Capital Management Inc. now owns 9,684 shares of the company’s stock valued at $444,000 after buying an additional 340 shares during the period. Hedge funds and other institutional investors own 69.29% of the company’s stock.

More Affirm News

Here are the key news stories impacting Affirm this week:

• Positive Sentiment: Analyst support remains strong: Mizuho Securities initiated or reiterated a Buy rating for Affirm, while Truist raised its price target from $83 to $85 and maintained a Buy rating. Scotiabank also began coverage with a Sector Outperform recommendation. These actions reinforce the bullish view that Affirm can continue expanding its payments and lending business. Affirm Receives a Buy from Mizuho Securities Scotiabank Initiates Coverage of Affirm
• Positive Sentiment: Demand may be benefiting from consumer pressure: Inflation and elevated gas costs are encouraging consumers to use installment-payment products, potentially supporting transaction volume and revenue growth. Affirm’s disciplined underwriting is viewed as a way to limit rising credit risk. Consumer Pressure Rises, but Demand for Affirm’s Services Also Rises
• Neutral Sentiment: Recent fundamentals provide support: Affirm’s latest quarterly revenue increased 33.1% year over year, and reported EPS substantially exceeded consensus estimates, although revenue was below expectations. Analysts overall maintain a Moderate Buy consensus, with an average price target of $99.12.
• Negative Sentiment: Insider selling is a near-term overhang: COO and director-level insider sales totaling roughly $10 million were reported, including Katherine Adkins’ sale of 41,664 shares. The transactions were conducted under a pre-arranged Rule 10b5-1 plan, which reduces their value as a signal of current management sentiment but may still pressure the stock.

Affirm Stock Performance

Shares of AFRM opened at $72.35 on Monday. The company has a quick ratio of 11.80, a current ratio of 11.80 and a debt-to-equity ratio of 1.82. The firm has a market cap of $24.41 billion, a price-to-earnings ratio of 13.11, a price-to-earnings-growth ratio of 2.96 and a beta of 3.61. Affirm Holdings, Inc. has a 12 month low of $42.10 and a 12 month high of $93.20. The company’s fifty day moving average is $77.19 and its 200-day moving average is $65.34.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings results on Thursday, August 27th. The company reported $4.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $4.27. Affirm had a return on equity of 47.91% and a net margin of 45.29%.The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the firm earned $0.20 earnings per share. The business’s quarterly revenue was up 33.1% compared to the same quarter last year. Equities analysts expect that Affirm Holdings, Inc. will post 1.87 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. BMO Capital Markets upped their price objective on Affirm from $86.00 to $101.00 and gave the stock an “outperform” rating in a research note on Friday, August 28th. Piper Sandler increased their price objective on shares of Affirm from $103.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, August 28th. Oppenheimer lifted their target price on Affirm from $100.00 to $104.00 and gave the stock an “outperform” rating in a report on Friday, August 28th. Sanford C. Bernstein lifted their price target on shares of Affirm from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, August 31st. Finally, Compass Point set a $100.00 price target on Affirm in a research note on Friday, July 17th. Twenty-three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $99.12.

Insider Buying and Selling at Affirm

In related news, COO Michael Linford sold 100,000 shares of Affirm stock in a transaction on Friday, June 26th. The shares were sold at an average price of $80.04, for a total value of $8,004,000.00. Following the transaction, the chief operating officer owned 117,984 shares in the company, valued at $9,443,439.36. This trade represents a 45.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Katherine Adkins sold 41,664 shares of Affirm stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $75.53, for a total value of $3,146,881.92. Following the completion of the transaction, the insider owned 152,439 shares in the company, valued at $11,513,717.67. The trade was a 21.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 262,547 shares of company stock worth $21,220,779 in the last quarter. Insiders own 11.01% of the company’s stock.

Affirm Company Profile

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.