Vanguard Group Inc. Increases Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Vanguard Group Inc. lifted its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,506,902 shares of the company’s stock after purchasing an additional 769,843 shares during the period. Vanguard Group Inc. owned approximately 6.36% of Affirm worth $958,569,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Planned Solutions Inc. acquired a new stake in Affirm in the fourth quarter valued at $25,000. Creative Financial Designs Inc. ADV boosted its position in shares of Affirm by 82.2% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 665 shares of the company’s stock worth $33,000 after buying an additional 300 shares in the last quarter. Raleigh Capital Management Inc. acquired a new stake in Affirm in the 4th quarter valued at about $33,000. Principal Securities Inc. purchased a new position in Affirm during the 4th quarter valued at about $49,000. Finally, Lindbrook Capital LLC raised its position in Affirm by 117.9% during the fourth quarter. Lindbrook Capital LLC now owns 1,386 shares of the company’s stock worth $68,000 after acquiring an additional 750 shares during the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Analysts Set New Price Targets

AFRM has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised Affirm from a “neutral” rating to an “overweight” rating and upped their target price for the company from $41.00 to $43.00 in a research note on Thursday, May 9th. Mizuho reiterated a “buy” rating and set a $65.00 price objective on shares of Affirm in a research report on Thursday. Needham & Company LLC restated a “hold” rating on shares of Affirm in a report on Thursday, May 9th. Barclays lowered their price target on shares of Affirm from $50.00 to $41.00 and set an “overweight” rating for the company in a report on Tuesday, April 16th. Finally, BMO Capital Markets reduced their price objective on shares of Affirm from $48.00 to $46.00 and set a “market perform” rating on the stock in a research note on Friday, May 10th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $31.28.

Affirm Trading Down 0.9 %

Affirm stock opened at $29.87 on Friday. The firm has a 50-day moving average price of $31.76 and a two-hundred day moving average price of $37.43. Affirm Holdings, Inc. has a 52-week low of $12.81 and a 52-week high of $52.48. The firm has a market capitalization of $9.23 billion, a price-to-earnings ratio of -13.30 and a beta of 3.47. The company has a quick ratio of 12.94, a current ratio of 12.94 and a debt-to-equity ratio of 2.43.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.43) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.70) by $0.27. The business had revenue of $576.00 million during the quarter, compared to analyst estimates of $549.99 million. Affirm had a negative return on equity of 22.06% and a negative net margin of 32.17%. The business’s revenue for the quarter was up 51.2% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.69) EPS. Sell-side analysts expect that Affirm Holdings, Inc. will post -1.98 earnings per share for the current year.

Insider Activity

In related news, Director Keith Rabois sold 9,276 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $32.12, for a total value of $297,945.12. Following the completion of the sale, the director now owns 60,000 shares of the company’s stock, valued at $1,927,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 13.05% of the company’s stock.

About Affirm

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.