Forsta AP Fonden Has $5.23 Million Stock Position in Affirm Holdings, Inc. $AFRM

Forsta AP Fonden reduced its position in Affirm Holdings, Inc. (NASDAQ:AFRMFree Report) by 24.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 70,300 shares of the company’s stock after selling 22,900 shares during the period. Forsta AP Fonden’s holdings in Affirm were worth $5,232,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in AFRM. Royal Bank of Canada increased its stake in shares of Affirm by 2.1% in the 1st quarter. Royal Bank of Canada now owns 193,601 shares of the company’s stock valued at $8,748,000 after buying an additional 3,892 shares during the period. Empowered Funds LLC increased its stake in shares of Affirm by 90.7% in the 1st quarter. Empowered Funds LLC now owns 16,852 shares of the company’s stock valued at $762,000 after buying an additional 8,014 shares during the period. Focus Partners Wealth acquired a new stake in shares of Affirm in the 1st quarter valued at $243,000. EverSource Wealth Advisors LLC increased its stake in shares of Affirm by 18.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,738 shares of the company’s stock valued at $189,000 after buying an additional 427 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Affirm by 44.8% in the 2nd quarter. First Trust Advisors LP now owns 191,525 shares of the company’s stock valued at $13,242,000 after buying an additional 59,297 shares during the period. 69.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on AFRM shares. Needham & Company LLC raised their price target on Affirm from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Morgan Stanley set a $79.00 price target on Affirm and gave the stock an “overweight” rating in a research report on Sunday, May 10th. Citigroup restated a “buy” rating on shares of Affirm in a research report on Wednesday, April 15th. Truist Financial raised their price target on Affirm from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Finally, Robert W. Baird set a $70.00 price target on Affirm in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Affirm presently has an average rating of “Moderate Buy” and a consensus price target of $86.20.

Read Our Latest Stock Analysis on Affirm

Insider Buying and Selling

In other Affirm news, Director Noel Bertram Watson sold 2,000 shares of Affirm stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $65.00, for a total value of $130,000.00. Following the sale, 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 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. Insiders own 11.01% of the company’s stock.

Affirm Stock Performance

Shares of Affirm stock opened at $72.91 on Tuesday. The company has a market capitalization of $24.42 billion, a PE ratio of 66.28, a PEG ratio of 4.24 and a beta of 3.70. Affirm Holdings, Inc. has a 12 month low of $42.10 and a 12 month high of $100.00. The company has a current ratio of 11.32, a quick ratio of 11.32 and a debt-to-equity ratio of 2.39. The stock’s fifty day simple moving average is $59.12 and its 200 day simple moving average is $62.49.

Affirm (NASDAQ:AFRMGet Free Report) last issued its quarterly earnings data 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 the consensus estimate of $995.27 million. Affirm had a return on equity of 11.17% and a net margin of 9.63%.The firm’s revenue was up 32.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.01 EPS. On average, research analysts predict that Affirm Holdings, Inc. will post 1.25 EPS for the current year.

About Affirm

(Free Report)

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.

See Also

Want to see what other hedge funds are holding AFRM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Affirm Holdings, Inc. (NASDAQ:AFRMFree Report).

Institutional Ownership by Quarter for Affirm (NASDAQ:AFRM)

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