Affirm Holdings, Inc. (NASDAQ:AFRM) shares sold by the Swiss National Bank

The Swiss National Bank has sold its stake in Affirm Holdings, Inc. (NASDAQ:AFRM – Free Report) fell 3.5% during the fourth quarter, the company said in its most recent filing with the SEC. The fund owned 425,300 shares of the company, after selling 15,400 shares during the quarter. Swiss National Bank’s holdings in Affirm were worth $20,899,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Planned Solutions Inc. bought a new position in Affirm worth about $25,000 in the fourth quarter. Creative Financial Designs Inc. ADV grew its position in shares of Affirm by 82.2% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 665 shares of the company, valued at $33,000, after purchasing an additional 300 shares in the last quarter. Lindbrook Capital LLC increased its holdings in Affirm by 117.9% in the fourth quarter. Lindbrook Capital LLC now owns 1,386 shares of the company’s stock worth $68,000 after acquiring an additional 750 shares in the last quarter. Whittier Trust Co. increased its stake in Affirm by 9,900.0% in the fourth quarter. Whittier Trust Co. now owns 1,500 shares of the company worth $74,000, after acquiring another 1,485 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in Affirm worth $135,000 in the fourth quarter. Institutional investors and hedge funds own 69.29% of the company’s shares.

Insiders place their bets

In other Affirm news, Director Keith Rabois sold 9,276 shares of the company’s stock in a transaction on Wednesday, May 1. The shares sold at an average price of $32.12, for a total transaction of $297,945.12. Following the sale, the director now directly owns 60,000 shares in the company, valued at approximately $1,927,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC’s website. 13.05% of the shares are currently owned by company insiders.

Confirm price performance

Shares of NASDAQ:AFRM opened at $31.58 on Thursday. The company has a quick ratio of 11.49, a current ratio of 11.49 and a debt-to-equity ratio of 2.35. The company has a 50-day moving average of $34.72 and a 200-day moving average of $35.96. Affirm Holdings, Inc. has a 52-week low of $11.54 and a 52-week high of $52.48. The company has a market cap of $9.69 billion, a price-to-earnings ratio of -12.68, and a beta of 3.56.

Affirm (NASDAQ:AFRM – Get Free Report) posted its latest quarterly results on Thursday, February 8. The company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.08. Affirm had a negative return on equity of 25.10% and a negative net margin of 39.19%. The company had revenue of $591.11 million during the quarter, compared to analyst expectations of $523.92 million. Research analysts predict that Affirm Holdings, Inc. will post earnings per share of -2.45 for the current year.

Wall Street analysts weigh in

Several stock analysts have issued reports on AFRM stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating on Affirm shares in a report on Wednesday. Wedbush reaffirmed an “underperform” rating and set a $20.00 price target on shares of Affirm in a research report on Friday, February 9th. Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a research report on Tuesday, April 23. Stephens raised his price target on shares of Affirm from $6.00 to $16.00 and gave the company an “underweight” rating in a report on Friday, February 9. Finally, Barclays lowered their target price on shares of Affirm from $50.00 to $41.00 and set an “overweight” rating for the company in a research note on Tuesday, April 16th. Six equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Affirm has an average rating of “Hold” and a consensus target price of $27.86.

Check out our latest stock analysis on Affirm

About confirming

(Free report)

Affirm Holdings, Inc operates a digital and mobile-first commerce platform in the United States, Canada and internationally. The company’s platform includes a consumer payment solution at point of sale, merchant solutions and a consumer-facing app. The trading platform, agreements with originating banks and capital market partners allow consumers to pay for a purchase over time with terms of up to 60 months.

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