Strs Ohio Grows Stock Position in Affirm Holdings, Inc. $AFRM

Strs Ohio increased its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 85.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,884 shares of the company’s stock after purchasing an additional 11,468 shares during the quarter. Strs Ohio’s holdings in Affirm were worth $1,852,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of AFRM. Royal Bank of Canada boosted 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% during the first quarter. Empowered Funds LLC now owns 16,852 shares of the company’s stock worth $762,000 after buying an additional 8,014 shares during the period. Focus Partners Wealth acquired a new stake in Affirm in the first quarter valued at approximately $243,000. EverSource Wealth Advisors LLC raised its holdings in Affirm by 18.5% in the second quarter. EverSource Wealth Advisors LLC now owns 2,738 shares of the company’s stock valued at $189,000 after acquiring an additional 427 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in Affirm by 44.8% in the second quarter. First Trust Advisors LP now owns 191,525 shares of the company’s stock worth $13,242,000 after acquiring an additional 59,297 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Stock Performance

Shares of Affirm stock opened at $65.58 on Thursday. The firm has a market capitalization of $21.85 billion, a P/E ratio of 80.96, a P/E/G ratio of 4.67 and a beta of 3.72. Affirm Holdings, Inc. has a 52 week low of $42.10 and a 52 week high of $100.00. The company has a quick ratio of 11.41, a current ratio of 11.41 and a debt-to-equity ratio of 2.58. The firm’s 50 day moving average is $52.27 and its two-hundred day moving average is $63.16.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.09. Affirm had a net margin of 7.60% and a return on equity of 8.83%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the firm earned $0.23 EPS. The company’s revenue was up 29.6% compared to the same quarter last year. Research analysts forecast that Affirm Holdings, Inc. will post 1.08 EPS for the current fiscal year.

Insider Activity at Affirm

In related news, Director Noel Bertram Watson sold 2,000 shares of the stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $55.00, for a total value of $110,000.00. Following the transaction, the director directly owned 38,076 shares of the company’s stock, valued at $2,094,180. This trade represents a 4.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.01% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on AFRM. Citizens Jmp lowered their price target on shares of Affirm from $105.00 to $85.00 and set a “market outperform” rating for the company in a report on Friday, April 17th. Oppenheimer reduced their price objective on shares of Affirm from $95.00 to $83.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Bank of America began coverage on shares of Affirm in a research report on Thursday, March 5th. They set a “buy” rating and a $82.00 price objective for the company. Royal Bank Of Canada lowered their target price on shares of Affirm from $87.00 to $77.00 and set a “sector perform” rating for the company in a research note on Friday, February 6th. Finally, TD Cowen restated a “buy” rating on shares of Affirm in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, Affirm has a consensus rating of “Moderate Buy” and a consensus price target of $83.76.

Affirm 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.