Norges Bank purchased a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,788,266 shares of the company’s stock, valued at approximately $281,961,000. Norges Bank owned 1.15% of Affirm as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also made changes to their positions in AFRM. Assetmark Inc. boosted its holdings in shares of Affirm by 111.3% during the third quarter. Assetmark Inc. now owns 338 shares of the company’s stock worth $25,000 after purchasing an additional 178 shares during the period. Triumph Capital Management acquired a new stake in shares of Affirm during the third quarter worth approximately $31,000. CoreCap Advisors LLC boosted its holdings in shares of Affirm by 431.3% during the fourth quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock worth $33,000 after purchasing an additional 358 shares during the period. Larson Financial Group LLC boosted its holdings in shares of Affirm by 74.5% during the third quarter. Larson Financial Group LLC now owns 499 shares of the company’s stock worth $36,000 after purchasing an additional 213 shares during the period. Finally, Bogart Wealth LLC boosted its holdings in shares of Affirm by 2,381.0% during the fourth quarter. Bogart Wealth LLC now owns 521 shares of the company’s stock worth $39,000 after purchasing an additional 500 shares during the period. 69.29% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Affirm
In other news, Director Noel Bertram Watson sold 2,000 shares of Affirm stock in a transaction that occurred 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 transaction, the director owned 36,076 shares of the company’s stock, valued at $2,344,940. This trade represents a 5.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.01% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on AFRM
Affirm Trading Down 2.6%
NASDAQ:AFRM opened at $71.01 on Wednesday. Affirm Holdings, Inc. has a 12 month low of $42.10 and a 12 month high of $100.00. The firm has a market cap of $23.78 billion, a price-to-earnings ratio of 64.55, a P/E/G ratio of 4.20 and a beta of 3.70. The company has a quick ratio of 11.32, a current ratio of 11.32 and a debt-to-equity ratio of 2.39. The company’s 50 day moving average is $59.12 and its 200-day moving average is $62.49.
Affirm (NASDAQ:AFRM – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.13. Affirm had a net margin of 9.63% and a return on equity of 11.17%. The company had revenue of $943.95 million for the quarter, compared to analyst estimates of $995.27 million. During the same quarter last year, the firm posted $0.01 earnings per share. The company’s quarterly revenue was up 32.7% compared to the same quarter last year. Equities analysts anticipate that Affirm Holdings, Inc. will post 1.25 EPS for the current year.
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.
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