Affirm Holdings, Inc. $AFRM Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lowered its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 92.6% in the first quarter, Holdings Channel reports. The firm owned 5,500 shares of the company’s stock after selling 69,114 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Affirm were worth $252,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Osbon Capital Management LLC acquired a new stake in Affirm in the 4th quarter worth about $49,000. World Investment Advisors raised its holdings in shares of Affirm by 6.3% during the fourth quarter. World Investment Advisors now owns 20,588 shares of the company’s stock valued at $1,532,000 after acquiring an additional 1,224 shares during the last quarter. Corient Private Wealth LLC lifted its position in shares of Affirm by 11.9% in the fourth quarter. Corient Private Wealth LLC now owns 19,064 shares of the company’s stock valued at $1,419,000 after acquiring an additional 2,032 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of Affirm by 85.4% in the fourth quarter. Hsbc Holdings PLC now owns 88,341 shares of the company’s stock worth $6,593,000 after acquiring an additional 40,685 shares during the last quarter. Finally, Alberta Investment Management Corp purchased a new stake in shares of Affirm during the fourth quarter worth approximately $5,277,000. 69.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Zacks Research downgraded Affirm from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. upped their target price on shares of Affirm from $79.00 to $80.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Bank of America raised their price target on shares of Affirm from $82.00 to $88.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. BTIG Research restated a “neutral” rating on shares of Affirm in a research report on Tuesday, May 26th. Finally, BMO Capital Markets initiated coverage on shares of Affirm in a research note on Tuesday, April 21st. They set an “outperform” rating and a $75.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, Affirm presently has a consensus rating of “Moderate Buy” and a consensus target price of $86.68.

Affirm Stock Down 1.0%

Shares of NASDAQ:AFRM opened at $76.85 on Friday. Affirm Holdings, Inc. has a 52-week low of $42.10 and a 52-week high of $100.00. The stock has a market cap of $25.74 billion, a P/E ratio of 69.86, a PEG ratio of 4.47 and a beta of 3.70. The business has a fifty day moving average of $67.42 and a two-hundred day moving average of $62.66. The company has a quick ratio of 11.32, a current ratio of 11.32 and a debt-to-equity ratio of 2.39.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.17 by $0.13. The business had revenue of $943.95 million for the quarter, compared to analyst estimates of $995.27 million. Affirm had a return on equity of 11.17% and a net margin of 9.63%.The company’s quarterly revenue was up 32.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.01 EPS. On average, research analysts expect that Affirm Holdings, Inc. will post 1.25 earnings per share for the current year.

Insider Buying and Selling

In other Affirm news, Director Noel Bertram Watson sold 2,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $65.00, for a total value of $130,000.00. Following the transaction, the director directly owned 36,076 shares in the company, valued at $2,344,940. The trade was a 5.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.01% of the stock is owned by company insiders.

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.