53,469 Shares in Affirm Holdings, Inc. $AFRM Acquired by SEB Asset Management AB

SEB Asset Management AB bought a new position in Affirm Holdings, Inc. (NASDAQ:AFRM) in the 1st quarter, HoldingsChannel.com reports. The fund bought 53,469 shares of the company’s stock, valued at approximately $2,450,000.

A number of other institutional investors and hedge funds have also bought and sold shares of AFRM. Mount Vernon Associates Inc. MD boosted its stake in shares of Affirm by 0.5% in the 4th quarter. Mount Vernon Associates Inc. MD now owns 42,925 shares of the company’s stock valued at $3,195,000 after purchasing an additional 200 shares in the last quarter. Fifth Third Bancorp lifted its stake in Affirm by 63.6% in the fourth quarter. Fifth Third Bancorp now owns 522 shares of the company’s stock worth $39,000 after purchasing an additional 203 shares during the last quarter. Rakuten Securities Inc. boosted its position in Affirm by 1.3% during the fourth quarter. Rakuten Securities Inc. now owns 16,622 shares of the company’s stock valued at $1,237,000 after buying an additional 206 shares during the period. UMB Bank n.a. grew its stake in shares of Affirm by 36.6% during the fourth quarter. UMB Bank n.a. now owns 783 shares of the company’s stock valued at $58,000 after buying an additional 210 shares during the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of Affirm by 74.5% during the third quarter. Larson Financial Group LLC now owns 499 shares of the company’s stock valued at $36,000 after buying an additional 213 shares during the last quarter. 69.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AFRM shares. Cantor Fitzgerald boosted their target price on Affirm from $80.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday. BMO Capital Markets began coverage on Affirm in a research note on Tuesday, April 21st. They issued an “outperform” rating and a $75.00 price target on the stock. Piper Sandler started coverage on Affirm in a research note on Monday, June 29th. They set an “overweight” rating and a $103.00 price objective for the company. TD Cowen raised their target price on shares of Affirm from $90.00 to $117.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Finally, Truist Financial lifted their target price on shares of Affirm from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Affirm currently has a consensus rating of “Moderate Buy” and an average price target of $92.63.

Affirm Stock Down 3.7%

Shares of NASDAQ:AFRM opened at $71.21 on Friday. The stock’s 50-day moving average is $73.83 and its 200 day moving average is $63.72. The company has a market cap of $23.85 billion, a PE ratio of 64.74, a P/E/G ratio of 3.01 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 Holdings, Inc. has a 1 year low of $42.10 and a 1 year high of $100.00.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.13. The business had revenue of $943.95 million during the quarter, compared to analysts’ expectations of $995.27 million. Affirm had a return on equity of 11.17% and a net margin of 9.63%.The business’s revenue was up 32.7% on a year-over-year basis. During the same quarter last year, the business posted $0.01 EPS. Sell-side analysts anticipate that Affirm Holdings, Inc. will post 1.23 EPS for the current year.

Insiders Place Their Bets

In other Affirm news, Director Noel Bertram Watson sold 2,000 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $65.00, for a total value of $130,000.00. Following the completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 dated Friday, June 26th. The stock was sold at an average price of $80.04, for a total transaction of $8,004,000.00. Following the completion of the sale, the chief operating officer owned 117,984 shares of the company’s stock, valued at $9,443,439.36. This trade represents a 45.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company 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.