Northwestern Mutual Wealth Management Co. Has $157 Million Holdings in Affirm Holdings, Inc. $AFRM

Northwestern Mutual Wealth Management Co. increased its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 11,042.3% in the 4th quarter, HoldingsChannel reports. The firm owned 2,161,278 shares of the company’s stock after acquiring an additional 2,141,881 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Affirm were worth $157,004,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Assetmark Inc. lifted its position in 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 bought a new stake in Affirm during the third quarter worth about $31,000. CoreCap Advisors LLC lifted its position in 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 lifted its position in 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 lifted its position in 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. Institutional investors own 69.29% of the company’s stock.

Key Affirm News

Here are the key news stories impacting Affirm this week:

• Positive Sentiment: Mizuho raised its price target on Affirm to $100 from $95 and kept an Outperform rating, citing the company’s $100 billion gross merchandise volume goal and strong long-term growth outlook. Mizuho Hikes Affirm Price Target to $100 as $100 Billion GMV Goal Powers Bull Case
• Positive Sentiment: Several recent analyst notes and media reports highlighted bullish views on Affirm, reinforcing expectations for continued execution and growth in the BNPL market. Analysts Are Bullish on These Financial Stocks: Affirm Holdings (AFRM), Figure Technology Solutions, Inc. Class A (FIGR)
• Positive Sentiment: Jim Cramer said Affirm is “doing the right thing with AI,” adding to the bullish narrative around its product strategy and AI-related commerce opportunities. Affirm (AFRM) Is Doing The Right Thing With AI, Says Jim Cramer
• Positive Sentiment: Coverage of Affirm’s partnership with Google and its push into AI-enabled shopping suggests a potential path to broader adoption and more payment volume over time. Can Affirm and Google Simplify Payments in AI Shopping?
• Neutral Sentiment: Affirm’s investor day laid out an aggressive expansion plan, including new products and international growth, but the market reaction was mixed. Affirm Unveils Aggressive Expansion Blueprint
• Negative Sentiment: Director Noel Bertram Watson sold 2,000 shares in a pre-arranged 10b5-1 transaction, which can slightly weigh on sentiment even though it does not necessarily signal a change in fundamentals. Insider trade disclosure for Noel Bertram Watson

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Citizens Jmp cut their price objective on shares of Affirm from $105.00 to $85.00 and set a “market outperform” rating for the company in a research report on Friday, April 17th. Susquehanna reaffirmed a “positive” rating and set a $100.00 price objective on shares of Affirm in a research report on Friday, February 6th. Citigroup reaffirmed a “buy” rating on shares of Affirm in a research report on Wednesday, April 15th. Truist Financial upped their price objective on shares of Affirm from $71.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Affirm in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.00.

Insider Activity at Affirm

In other news, Director Noel Bertram Watson sold 2,000 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $65.00, for a total value of $130,000.00. Following the completion of the transaction, the director owned 36,076 shares of the company’s stock, valued at approximately $2,344,940. This represents a 5.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 11.01% of the company’s stock.

Affirm Stock Down 2.6%

AFRM stock opened at $65.82 on Friday. The stock has a market capitalization of $22.04 billion, a P/E ratio of 59.84, a price-to-earnings-growth ratio of 4.17 and a beta of 3.72. The company has a current ratio of 11.32, a quick ratio of 11.41 and a debt-to-equity ratio of 2.39. Affirm Holdings, Inc. has a 12 month low of $42.10 and a 12 month high of $100.00. The firm has a 50-day moving average price of $54.70 and a 200-day moving average price of $62.88.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, May 7th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.13. The firm had revenue of $943.95 million during the quarter, compared to analysts’ expectations of $995.27 million. Affirm had a net margin of 9.63% and a return on equity of 11.17%. The business’s revenue for the quarter was up 32.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.01 earnings per share. As a group, equities research analysts anticipate that Affirm Holdings, Inc. will post 1.13 EPS for the current fiscal year.

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.