Affirm Holdings, Inc. $AFRM Shares Purchased by Leonteq Securities AG

Leonteq Securities AG boosted its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 721.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,064 shares of the company’s stock after acquiring an additional 50,117 shares during the quarter. Leonteq Securities AG’s holdings in Affirm were worth $2,615,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Affirm by 57.5% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 97,650 shares of the company’s stock valued at $4,474,000 after purchasing an additional 35,650 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Affirm during the first quarter worth about $34,000. IFM Investors Pty Ltd grew its position in shares of Affirm by 6.5% during the first quarter. IFM Investors Pty Ltd now owns 54,089 shares of the company’s stock worth $2,478,000 after buying an additional 3,278 shares in the last quarter. GraniteShares Advisors LLC increased its stake in shares of Affirm by 6.8% during the first quarter. GraniteShares Advisors LLC now owns 8,442 shares of the company’s stock worth $387,000 after buying an additional 537 shares during the period. Finally, Lansforsakringar Fondforvaltning AB publ increased its stake in shares of Affirm by 0.6% during the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 89,647 shares of the company’s stock worth $4,108,000 after buying an additional 552 shares during the period. 69.29% of the stock is owned by institutional investors and hedge funds.

Affirm Stock Performance

Shares of Affirm stock opened at $84.58 on Friday. The firm’s fifty day simple moving average is $69.32 and its 200-day simple moving average is $63.14. Affirm Holdings, Inc. has a 12 month low of $42.10 and a 12 month high of $100.00. The stock has a market capitalization of $28.33 billion, a price-to-earnings ratio of 76.89, a PEG ratio of 3.45 and a beta of 3.67. The company has a debt-to-equity ratio of 2.39, a current ratio of 11.32 and a quick ratio of 11.32.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.13. Affirm had a return on equity of 11.17% and a net margin of 9.63%.The firm had revenue of $943.95 million for the quarter, compared to analyst estimates of $995.27 million. During the same quarter last year, the company posted $0.01 earnings per share. The business’s revenue was up 32.7% on a year-over-year basis. As a group, equities analysts forecast that Affirm Holdings, Inc. will post 1.24 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. BTIG Research reiterated a “neutral” rating on shares of Affirm in a research note on Tuesday, May 26th. Bank of America raised their price target on Affirm from $82.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Royal Bank Of Canada lifted their price target on Affirm from $77.00 to $80.00 and gave the stock a “sector perform” rating in a report on Friday, May 8th. Morgan Stanley set a $79.00 price objective on Affirm and gave the stock an “overweight” rating in a research report on Sunday, May 10th. Finally, UBS Group increased their price objective on Affirm from $78.00 to $82.00 and gave the company a “neutral” rating in a report on Monday, May 11th. Two analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Affirm has a consensus rating of “Moderate Buy” and a consensus target price of $88.20.

Insider Buying and Selling at Affirm

In other Affirm news, Director Noel Bertram Watson sold 2,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $65.00, for a total transaction of $130,000.00. Following the transaction, the director directly owned 36,076 shares in the company, valued at approximately $2,344,940. This represents a 5.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Michael Linford sold 100,000 shares of the firm’s 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 completion of the transaction, the chief operating officer owned 117,984 shares of the company’s stock, valued at approximately $9,443,439.36. This represents a 45.87% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 104,000 shares of company stock valued at $8,244,000 in the last quarter. 11.01% of the stock is currently owned by company insiders.

Affirm 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.