State Board of Administration of Florida Retirement System Has $1.58 Million Stake in Affirm Holdings, Inc. (NASDAQ:AFRM)

State Board of Administration of Florida Retirement System boosted its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM – Get Rating) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 163,269 shares of the company’s stock after buying an additional 2,480 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.06% of Affirm worth $1,579,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of AFRM. US Bancorp DE boosted its stake in shares of Affirm by 2,007.4% in the 3rd quarter. US Bancorp DE now owns 1,433 shares of the company’s stock valued at $27,000 after purchasing an additional 1,365 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of Affirm by 31.9% in the 4th quarter. Parallel Advisors LLC now owns 2,948 shares of the company’s stock valued at $29,000 after purchasing an additional 713 shares in the last quarter. Covestor Ltd acquired a new stake in shares of Affirm in the 1st quarter valued at approximately $30,000. American International Group Inc. acquired a new stake in shares of Affirm in the 2nd quarter valued at approximately $33,000. Finally, Signaturefd LLC boosted its stake in shares of Affirm by 726.5% in the 4th quarter. Signaturefd LLC now owns 4,711 shares of the company’s stock valued at $46,000 after purchasing an additional 4,141 shares in the last quarter. 67.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Affirm

In other news, Director Keith Rabois sold 17,286 shares of the firm’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $11.15, for a total transaction of $192,738.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 12.11% of the company’s stock.

Affirm Stock Performance

Shares of AFRM stock opened at $12.07 on Monday. The company has a market cap of $3.55 billion, a price-to-earnings ratio of -3.66 and a beta of 3.17. Affirm Holdings, Inc. has a 52 week low of $8.62 and a 52 week high of $40.97. The company has a quick ratio of 11.40, a current ratio of 11.40 and a debt-to-equity ratio of 2.01. The firm has a 50 day moving average of $10.72 and a 200-day moving average of $12.45.

Affirm (NASDAQ:AFRM – Get Rating) last announced its quarterly earnings data on Tuesday, May 9th. The company reported ($0.69) EPS for the quarter, topping the consensus estimate of ($0.91) by $0.22. The company had revenue of $380.98 million during the quarter, compared to the consensus estimate of $371.96 million. Affirm had a negative net margin of 55.05% and a negative return on equity of 31.74%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.19) EPS. On average, equities analysts forecast that Affirm Holdings, Inc. will post -3.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AFRM has been the subject of a number of research reports. The Goldman Sachs Group dropped their price objective on shares of Affirm from $22.50 to $14.50 and set a “neutral” rating for the company in a report on Thursday, February 9th. Royal Bank of Canada lowered shares of Affirm from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $23.00 to $17.00 in a report on Thursday, February 9th. Morgan Stanley lowered shares of Affirm from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $46.00 to $15.00 in a report on Friday, February 10th. Wedbush reiterated an “underperform” rating and issued a $10.00 price objective on shares of Affirm in a report on Thursday, February 9th. Finally, Credit Suisse Group dropped their price objective on shares of Affirm from $21.00 to $16.00 and set a “neutral” rating for the company in a report on Thursday, February 9th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Affirm has an average rating of “Hold” and a consensus price target of $16.26.

About Affirm

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Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States, Canada, and internationally. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time with terms ranging from one to sixty months.