Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Sold by Swiss National Bank

Swiss National Bank lowered its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM) by 3.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 425,300 shares of the company’s stock 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. purchased a new position in Affirm in the fourth quarter valued at approximately $25,000. 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’s stock valued at $33,000 after buying an additional 300 shares during the last quarter. Lindbrook Capital LLC raised its stake in Affirm by 117.9% during the 4th 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. raised its stake in Affirm by 9,900.0% during the 4th quarter. Whittier Trust Co. now owns 1,500 shares of the company’s stock worth $74,000 after acquiring an additional 1,485 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Affirm in the fourth quarter valued at $135,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

Insiders Place Their Bets

In other Affirm news, Director Keith Rabois sold 9,276 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were 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 website. 13.05% of the stock is currently owned by company insiders.

Affirm 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 price of $34.72 and a 200 day moving average price 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 P/E ratio of -12.68 and a beta of 3.56.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, February 8th. The company reported ($0.20) EPS 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 business had revenue of $591.11 million during the quarter, compared to analysts’ expectations of $523.92 million. Research analysts predict that Affirm Holdings, Inc. will post -2.45 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on AFRM shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Affirm 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 restated a “hold” rating on shares of Affirm in a research report on Tuesday, April 23rd. Stephens lifted their target price on shares of Affirm from $6.00 to $16.00 and gave the company an “underweight” rating in a report on Friday, February 9th. Finally, Barclays decreased their price target 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.

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.