Affirm Holdings, Inc. $AFRM Shares Bought by Swiss National Bank

Swiss National Bank grew its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 8.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 806,800 shares of the company’s stock after purchasing an additional 65,000 shares during the period. Swiss National Bank’s holdings in Affirm were worth $36,968,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Financiere des Professionnels Fonds d investissement inc. boosted its stake in Affirm by 9.3% in the 1st quarter. Financiere des Professionnels Fonds d investissement inc. now owns 22,393 shares of the company’s stock worth $1,026,000 after purchasing an additional 1,907 shares in the last quarter. SteelPeak Wealth LLC acquired a new position in Affirm during the 1st quarter valued at approximately $935,000. Allspring Global Investments Holdings LLC increased its stake in Affirm by 23.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,577,264 shares of the company’s stock valued at $71,829,000 after purchasing an additional 303,037 shares in the last quarter. Independent Financial Group LLC purchased a new position in shares of Affirm in the first quarter worth $507,000. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Affirm by 24.2% during the first quarter. Geneos Wealth Management Inc. now owns 10,256 shares of the company’s stock worth $470,000 after buying an additional 2,000 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Analysts Set New Price Targets

AFRM has been the subject of a number of research reports. Sanford C. Bernstein assumed coverage on Affirm in a research report on Tuesday. They set an “outperform” rating and a $100.00 price target for the company. Compass Point set a $100.00 price objective on Affirm in a report on Friday, July 17th. Wells Fargo & Company raised their price objective on Affirm from $89.00 to $96.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 8th. Morgan Stanley set a $79.00 target price on Affirm and gave the stock an “overweight” rating in a report on Sunday, May 10th. Finally, JPMorgan Chase & Co. upped their target price on Affirm from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, Affirm presently has an average rating of “Moderate Buy” and a consensus price target of $92.63.

Affirm Price Performance

NASDAQ:AFRM opened at $73.92 on Thursday. 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 Holdings, Inc. has a 52 week low of $42.10 and a 52 week high of $100.00. The stock’s 50-day moving average price is $73.76 and its 200-day moving average price is $63.74. The stock has a market capitalization of $24.76 billion, a PE ratio of 67.20, a price-to-earnings-growth ratio of 3.06 and a beta of 3.67.

Affirm (NASDAQ:AFRM) last announced its earnings results 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 the consensus estimate of $995.27 million. Affirm had a return on equity of 11.17% and a net margin of 9.63%.The business’s quarterly revenue was up 32.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.01 EPS. As a group, equities analysts expect that Affirm Holdings, Inc. will post 1.23 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, COO Michael Linford sold 100,000 shares of the business’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $80.04, for a total transaction of $8,004,000.00. Following the transaction, the chief operating officer directly owned 117,984 shares in the company, valued at approximately $9,443,439.36. The trade was a 45.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 sale, the director directly owned 36,076 shares of the company’s stock, valued at approximately $2,344,940. This represents a 5.25% decrease in their position. 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. Company insiders own 11.01% of the company’s stock.

About Affirm

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.