Allspring Global Investments Holdings LLC Increases Stock Holdings in Affirm Holdings, Inc. $AFRM

Allspring Global Investments Holdings LLC lifted its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 1.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,274,227 shares of the company’s stock after purchasing an additional 12,616 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.39% of Affirm worth $94,331,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Assetmark Inc. increased its stake in shares of Affirm by 111.3% during the third quarter. Assetmark Inc. now owns 338 shares of the company’s stock worth $25,000 after acquiring an additional 178 shares during the period. Mather Group LLC. acquired a new stake in Affirm in the third quarter valued at $29,000. Triumph Capital Management acquired a new stake in shares of Affirm in the third quarter valued at about $31,000. CoreCap Advisors LLC lifted its stake in shares of Affirm by 431.3% in the fourth quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock valued at $33,000 after purchasing an additional 358 shares during the period. Finally, Larson Financial Group LLC boosted its holdings in Affirm by 74.5% during the third quarter. Larson Financial Group LLC now owns 499 shares of the company’s stock worth $36,000 after buying an additional 213 shares in the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Affirm news, CEO Max R. Levchin sold 666,666 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $80.62, for a total transaction of $53,746,612.92. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Robert O’hare sold 36,401 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $80.00, for a total value of $2,912,080.00. Following the sale, the chief financial officer owned 1,368 shares in the company, valued at $109,440. This trade represents a 96.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 11.01% of the company’s stock.

Affirm Stock Performance

Affirm stock opened at $45.82 on Wednesday. Affirm Holdings, Inc. has a fifty-two week low of $30.90 and a fifty-two week high of $100.00. The company has a market capitalization of $15.26 billion, a price-to-earnings ratio of 56.57, a PEG ratio of 1.59 and a beta of 3.61. The stock has a fifty day moving average of $52.95 and a two-hundred day moving average of $66.78. The company has a debt-to-equity ratio of 2.58, a quick ratio of 11.41 and a current ratio of 11.41.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Thursday, February 5th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.09. The business had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.06 billion. Affirm had a return on equity of 8.83% and a net margin of 7.60%.The business’s revenue was up 29.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.23 earnings per share. On average, analysts anticipate that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AFRM shares. Needham & Company LLC decreased their price target on Affirm from $100.00 to $85.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Robert W. Baird began coverage on Affirm in a research note on Thursday, February 19th. They issued a “neutral” rating and a $55.00 price objective for the company. Citigroup restated a “market outperform” rating on shares of Affirm in a research report on Tuesday, February 24th. Morgan Stanley reaffirmed an “overweight” rating on shares of Affirm in a research note on Wednesday, March 4th. Finally, Wall Street Zen lowered shares of Affirm from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Nineteen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $85.00.

Affirm Company Profile

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.