Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its position in Affirm Holdings, Inc. (NASDAQ:AFRM) by 4.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,687 shares of the company’s stock after selling 630 shares during the quarter. Principal Financial Group Inc.’s holdings in Affirm were worth $573,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Affirm by 2,800.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,084 shares of the company’s stock worth $2,083,000 after buying an additional 44,495 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Affirm by 2.6% during the fourth quarter. Ameriprise Financial Inc. now owns 145,932 shares of the company’s stock worth $8,887,000 after buying an additional 3,672 shares in the last quarter. Spire Wealth Management acquired a new stake in shares of Affirm during the first quarter worth approximately $120,000. Deutsche Bank AG grew its position in shares of Affirm by 2.6% during the fourth quarter. Deutsche Bank AG now owns 32,400 shares of the company’s stock worth $1,973,000 after buying an additional 817 shares in the last quarter. Finally, Sei Investments Co. grew its position in shares of Affirm by 5.3% during the fourth quarter. Sei Investments Co. now owns 40,840 shares of the company’s stock worth $2,487,000 after buying an additional 2,067 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. UBS Group decreased their price target on shares of Affirm from $62.00 to $56.00 and set a “neutral” rating for the company in a research report on Friday, May 9th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Affirm in a research report on Thursday. They set a “buy” rating and a $78.00 price target for the company. JMP Securities decreased their price target on shares of Affirm from $85.00 to $75.00 and set a “market outperform” rating for the company in a research report on Friday, May 9th. Barclays raised their price objective on Affirm from $67.00 to $80.00 and gave the stock an “overweight” rating in a research note on Monday, June 30th. Finally, Royal Bank Of Canada raised their price objective on Affirm from $70.00 to $75.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 8th. Nine equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Affirm has a consensus rating of “Moderate Buy” and a consensus target price of $66.71.

Affirm Stock Performance

AFRM stock opened at $68.90 on Monday. The company has a debt-to-equity ratio of 2.55, a quick ratio of 11.47 and a current ratio of 11.47. The stock has a market capitalization of $22.23 billion, a price-to-earnings ratio of -328.10, a PEG ratio of 2.63 and a beta of 3.63. Affirm Holdings, Inc. has a 1 year low of $22.25 and a 1 year high of $82.53. The stock’s fifty day moving average is $60.17 and its two-hundred day moving average is $56.57.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.10. Affirm had a negative return on equity of 2.22% and a negative net margin of 2.07%. The company had revenue of $783.14 million for the quarter, compared to analysts’ expectations of $782.98 million. During the same period last year, the business posted ($0.43) earnings per share. The firm’s quarterly revenue was up 35.9% compared to the same quarter last year. On average, research analysts predict that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Insider Buying and Selling at Affirm

In other Affirm news, Director Christa S. Quarles sold 754 shares of the company’s stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $67.43, for a total value of $50,842.22. Following the completion of the sale, the director directly owned 137,241 shares in the company, valued at $9,254,160.63. This represents a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Robert O’hare sold 19,802 shares of the company’s stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $70.03, for a total value of $1,386,734.06. The disclosure for this sale can be found here. Over the last quarter, insiders sold 96,247 shares of company stock valued at $6,422,823. 11.82% of the stock is currently owned by insiders.

Affirm Profile

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.