Nisa Investment Advisors LLC lifted its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM – Get Rating) by 7,966.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,200 shares of the company’s stock after acquiring an additional 23,900 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Affirm were worth $234,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in AFRM. Vanguard Group Inc. boosted its stake in shares of Affirm by 12.9% during the 1st quarter. Vanguard Group Inc. now owns 16,498,384 shares of the company’s stock worth $763,545,000 after acquiring an additional 1,883,050 shares during the period. Baillie Gifford & Co. boosted its stake in shares of Affirm by 9.8% during the 3rd quarter. Baillie Gifford & Co. now owns 20,510,103 shares of the company’s stock worth $384,769,000 after acquiring an additional 1,823,411 shares during the period. State Street Corp boosted its stake in shares of Affirm by 96.6% during the 2nd quarter. State Street Corp now owns 3,571,814 shares of the company’s stock worth $64,507,000 after acquiring an additional 1,755,252 shares during the period. BlackRock Inc. boosted its stake in shares of Affirm by 38.2% during the 1st quarter. BlackRock Inc. now owns 5,180,921 shares of the company’s stock worth $239,773,000 after acquiring an additional 1,432,202 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in Affirm by 14.1% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 11,350,295 shares of the company’s stock valued at $204,987,000 after purchasing an additional 1,404,278 shares during the period. 67.49% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research firms recently issued reports on AFRM. Truist Financial reduced their price target on Affirm from $21.00 to $17.00 and set a “buy” rating for the company in a research note on Thursday, February 9th. Piper Sandler reduced their price target on Affirm from $16.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, February 9th. Morgan Stanley downgraded Affirm from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $46.00 to $15.00 in a research note on Friday, February 10th. Wedbush restated an “underperform” rating and issued a $10.00 price target on shares of Affirm in a research note on Thursday, February 9th. Finally, DA Davidson reduced their price target on Affirm from $24.00 to $20.00 and set a “buy” rating for the company in a research note on Thursday, February 9th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Affirm has an average rating of “Hold” and a consensus target price of $16.38.
Insider Transactions at Affirm
Affirm Price Performance
Affirm stock opened at $9.86 on Friday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 11.40 and a current ratio of 11.40. Affirm Holdings, Inc. has a 52 week low of $8.62 and a 52 week high of $40.97. The stock has a market capitalization of $2.90 billion, a P/E ratio of -3.52 and a beta of 3.19. The stock has a fifty day moving average of $11.18 and a 200-day moving average of $13.05.
Affirm (NASDAQ:AFRM – Get Rating) last posted its quarterly earnings results on Wednesday, February 8th. The company reported ($1.10) EPS for the quarter, missing analysts’ consensus estimates of ($1.00) by ($0.10). Affirm had a negative return on equity of 31.74% and a negative net margin of 55.05%. The business had revenue of $399.56 million for the quarter, compared to analyst estimates of $416.33 million. During the same period last year, the firm posted ($0.57) EPS. Affirm’s quarterly revenue was up 10.7% on a year-over-year basis. On average, sell-side analysts expect that Affirm Holdings, Inc. will post -3.69 earnings per share for the current fiscal year.
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 from one to sixty months.
Further Reading
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