Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 12.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,633 shares of the company’s stock after purchasing an additional 1,090 shares during the period. PNC Financial Services Group Inc.’s holdings in Affirm were worth $435,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Allworth Financial LP increased its position in shares of Affirm by 63.7% in the first quarter. Allworth Financial LP now owns 563 shares of the company’s stock worth $27,000 after acquiring an additional 219 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in shares of Affirm in the fourth quarter worth $28,000. Coppell Advisory Solutions LLC acquired a new stake in shares of Affirm in the fourth quarter worth $40,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Affirm in the fourth quarter worth $43,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in Affirm by 3,637.8% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,383 shares of the company’s stock valued at $62,000 after purchasing an additional 1,346 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Affirm Trading Down 0.9%

Affirm stock opened at $77.02 on Friday. The firm’s 50-day moving average is $67.43 and its 200-day moving average is $58.29. The company has a debt-to-equity ratio of 2.55, a quick ratio of 11.47 and a current ratio of 11.47. Affirm Holdings, Inc. has a 1 year low of $27.20 and a 1 year high of $82.53. The company has a market cap of $24.85 billion, a P/E ratio of -366.76, a PEG ratio of 2.88 and a beta of 3.63.

Insider Buying and Selling

In other news, Director Noel Bertram Watson sold 2,500 shares of the firm’s stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $60.86, for a total value of $152,150.00. Following the transaction, the director directly owned 36,497 shares in the company, valued at approximately $2,221,207.42. This trade represents a 6.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Siphelele Jiyane sold 15,871 shares of the firm’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $75.00, for a total transaction of $1,190,325.00. Following the completion of the transaction, the chief accounting officer owned 242,192 shares in the company, valued at approximately $18,164,400. The trade was a 6.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 163,114 shares of company stock worth $11,825,169. Company insiders own 11.82% of the company’s stock.

Analyst Ratings Changes

AFRM has been the subject of a number of recent analyst reports. Stephens initiated coverage on shares of Affirm in a report on Thursday, June 12th. They set an “equal weight” rating and a $69.00 price target for the company. UBS Group lowered their price target on shares of Affirm from $62.00 to $56.00 and set a “neutral” rating for the company in a report on Friday, May 9th. Bank of America raised their price target on shares of Affirm from $76.00 to $80.00 and gave the company a “buy” rating in a report on Friday, May 9th. Redburn Atlantic raised shares of Affirm to a “hold” rating in a report on Friday, August 1st. Finally, Oppenheimer set a $80.00 price target on shares of Affirm and gave the company an “outperform” rating in a report on Monday, July 21st. Ten equities research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $68.09.

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.