Affirm Holdings, Inc. (NASDAQ:AFRM) Stake Raised by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD grew its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 7.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,887,058 shares of the company's stock after purchasing an additional 126,320 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.60% of Affirm worth $114,923,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Norges Bank acquired a new stake in Affirm during the 4th quarter worth about $139,949,000. Capital International Investors purchased a new position in shares of Affirm in the fourth quarter worth approximately $100,030,000. Vanguard Group Inc. raised its holdings in shares of Affirm by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 21,815,563 shares of the company's stock valued at $1,328,568,000 after acquiring an additional 716,574 shares during the period. Groupama Asset Managment purchased a new stake in shares of Affirm in the 4th quarter valued at approximately $30,450,000. Finally, Capital Research Global Investors boosted its stake in Affirm by 2.0% in the 4th quarter. Capital Research Global Investors now owns 24,264,396 shares of the company's stock worth $1,477,747,000 after purchasing an additional 470,409 shares during the period. Institutional investors and hedge funds own 69.29% of the company's stock.

Insider Transactions at Affirm

In other Affirm news, Director Keith Rabois sold 16,088 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $63.97, for a total value of $1,029,149.36. Following the sale, the director now owns 61,520 shares of the company's stock, valued at $3,935,434.40. This trade represents a 20.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Noel Bertram Watson sold 2,500 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $45.78, for a total value of $114,450.00. Following the transaction, the director now owns 38,997 shares of the company's stock, valued at approximately $1,785,282.66. This trade represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,762 shares of company stock worth $3,241,246. 12.41% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Evercore ISI started coverage on Affirm in a report on Wednesday, April 9th. They issued an "outperform" rating and a $50.00 target price for the company. BMO Capital Markets reissued an "outperform" rating and issued a $69.00 price objective on shares of Affirm in a research note on Thursday, March 20th. Compass Point upgraded Affirm from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $61.00 to $64.00 in a research report on Wednesday, March 19th. Susquehanna downgraded Affirm from a "positive" rating to a "neutral" rating and set a $57.00 target price on the stock. in a report on Tuesday, January 21st. Finally, Wells Fargo & Company decreased their price target on shares of Affirm from $85.00 to $67.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Eight investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $66.74.

Affirm Price Performance

Shares of NASDAQ:AFRM opened at $49.09 on Monday. The stock has a market capitalization of $15.61 billion, a P/E ratio of -75.52 and a beta of 3.68. The business has a 50-day moving average of $49.47 and a two-hundred day moving average of $56.42. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $82.53. The company has a debt-to-equity ratio of 2.68, a current ratio of 11.26 and a quick ratio of 11.26.

Affirm (NASDAQ:AFRM - Get Free Report) last posted its earnings results on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.44. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. On average, equities research analysts predict that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

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.

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