Zurcher Kantonalbank Zurich Cantonalbank Increases Stake in Affirm Holdings, Inc. (NASDAQ:AFRM)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 12.3% during the 4th quarter, HoldingsChannel reports. The fund owned 46,464 shares of the company’s stock after acquiring an additional 5,106 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Affirm were worth $2,283,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Creative Financial Designs Inc. ADV increased its holdings in Affirm by 82.2% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 665 shares of the company’s stock worth $33,000 after acquiring an additional 300 shares in the last quarter. Treasurer of the State of North Carolina increased its stake in shares of Affirm by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 95,536 shares of the company’s stock worth $2,032,000 after purchasing an additional 480 shares in the last quarter. Planned Solutions Inc. bought a new stake in shares of Affirm during the 4th quarter valued at $25,000. Signaturefd LLC lifted its stake in shares of Affirm by 9.0% during the 3rd quarter. Signaturefd LLC now owns 6,382 shares of the company’s stock valued at $136,000 after buying an additional 528 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Affirm by 1.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 47,378 shares of the company’s stock worth $1,008,000 after buying an additional 793 shares during the period. Institutional investors own 69.29% of the company’s stock.

Affirm Stock Up 2.5 %

Shares of NASDAQ:AFRM opened at $32.76 on Wednesday. The company has a market cap of $10.05 billion, a price-to-earnings ratio of -13.16 and a beta of 3.58. Affirm Holdings, Inc. has a 12 month low of $8.80 and a 12 month high of $52.48. The company has a current ratio of 11.49, a quick ratio of 11.49 and a debt-to-equity ratio of 2.35. The company has a 50-day moving average price of $35.71 and a 200 day moving average price of $34.94.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Thursday, February 8th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.08. The business had revenue of $591.11 million for the quarter, compared to the consensus estimate of $523.92 million. Affirm had a negative return on equity of 25.10% and a negative net margin of 39.19%. As a group, equities research analysts predict that Affirm Holdings, Inc. will post -2.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AFRM. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Affirm in a report on Tuesday. BMO Capital Markets boosted their price target on Affirm from $44.00 to $47.00 and gave the stock a “market perform” rating in a report on Monday, February 12th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Affirm from $24.00 to $35.00 and gave the company a “hold” rating in a report on Friday, February 9th. The Goldman Sachs Group boosted their target price on shares of Affirm from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Friday, February 9th. Finally, Wedbush reaffirmed an “underperform” rating and set a $20.00 target price on shares of Affirm in a research note on Friday, February 9th. Six investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $27.86.

Insider Buying and Selling

In other Affirm news, Director Keith Rabois sold 9,276 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $34.39, for a total transaction of $319,001.64. Following the transaction, the director now owns 78,552 shares in the company, valued at $2,701,403.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 13.05% of the stock is owned by corporate insiders.

About Affirm

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 up to 60 months.