Sterling Capital Management LLC Has $938,000 Position in Affirm Holdings, Inc. (NASDAQ:AFRM)

Sterling Capital Management LLC grew its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 77.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 15,401 shares of the company's stock after purchasing an additional 6,718 shares during the period. Sterling Capital Management LLC's holdings in Affirm were worth $938,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Norges Bank acquired a new stake in shares of Affirm in the 4th quarter valued at approximately $139,949,000. Vanguard Group Inc. boosted its position in Affirm by 3.4% in the fourth quarter. Vanguard Group Inc. now owns 21,815,563 shares of the company's stock valued at $1,328,568,000 after buying an additional 716,574 shares in the last quarter. Groupama Asset Managment bought a new stake in shares of Affirm during the fourth quarter worth $30,450,000. Amundi increased its holdings in shares of Affirm by 107.5% during the fourth quarter. Amundi now owns 603,437 shares of the company's stock worth $35,404,000 after buying an additional 312,620 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Affirm in the 4th quarter valued at $14,591,000. Institutional investors and hedge funds own 69.29% of the company's stock.

Affirm Price Performance

NASDAQ:AFRM traded up $1.31 during mid-day trading on Friday, hitting $42.07. 4,756,989 shares of the company's stock traded hands, compared to its average volume of 8,340,199. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26. The company has a market cap of $13.38 billion, a PE ratio of -64.72 and a beta of 3.68. The firm's 50 day simple moving average is $52.84 and its 200 day simple moving average is $56.01. Affirm Holdings, Inc. has a 1 year low of $22.25 and a 1 year high of $82.53.

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, beating the consensus estimate of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. Sell-side analysts expect that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on AFRM shares. William Blair began coverage on shares of Affirm in a research report on Wednesday, January 15th. They issued an "outperform" rating for the company. UBS Group lifted their price target on shares of Affirm from $46.00 to $62.00 and gave the company a "neutral" rating in a research note on Friday, February 7th. Wells Fargo & Company dropped their price objective on shares of Affirm from $85.00 to $67.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. The Goldman Sachs Group reduced their target price on shares of Affirm from $90.00 to $56.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. Finally, Barclays increased their target price on shares of Affirm from $75.00 to $85.00 and gave the company an "overweight" rating in a research report on Monday, February 10th. Eight analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $66.74.

Insider Activity

In other news, Director Noel Bertram Watson sold 2,500 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $45.78, for a total transaction of $114,450.00. Following the transaction, the director now owns 38,997 shares in the company, valued at approximately $1,785,282.66. The trade was a 6.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Christa S. Quarles sold 5,000 shares of the company's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $80.00, for a total value of $400,000.00. Following the completion of the sale, the director now owns 137,325 shares in the company, valued at approximately $10,986,000. This represents a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 55,762 shares of company stock worth $3,241,246 over the last 90 days. 12.41% of the stock is currently owned by company insiders.

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.