Treasurer of the State of North Carolina Buys 12,820 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Treasurer of the State of North Carolina boosted its position in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 12.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 113,983 shares of the company's stock after buying an additional 12,820 shares during the quarter. Treasurer of the State of North Carolina's holdings in Affirm were worth $6,942,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several analysts recently commented on the company. BMO Capital Markets restated an "outperform" rating and issued a $69.00 target price on shares of Affirm in a research report on Thursday, March 20th. Wells Fargo & Company cut 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. UBS Group increased their target price on shares of Affirm from $46.00 to $62.00 and gave the company a "neutral" rating in a research report on Friday, February 7th. Morgan Stanley upped their price target on shares of Affirm from $39.00 to $55.00 and gave the stock an "equal weight" rating in a research note on Tuesday, January 28th. Finally, JMP Securities raised their price objective on shares of Affirm from $78.00 to $85.00 and gave the company a "market outperform" rating in a research note on Friday, February 7th. 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's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $66.74.

Affirm Stock Up 3.2 %

Shares of AFRM traded up $1.31 during mid-day trading on Friday, hitting $42.07. 4,756,989 shares of the company's stock were exchanged, compared to its average volume of 8,335,104. The stock has a market cap of $13.38 billion, a price-to-earnings ratio of -64.72 and a beta of 3.68. The firm has a fifty day moving average of $53.56 and a two-hundred day moving average of $55.99. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68. Affirm Holdings, Inc. has a twelve month low of $22.25 and a twelve month 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 return on equity of 7.25% and a negative net margin of 7.10%. On average, sell-side analysts forecast that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Insiders Place Their Bets

In other Affirm news, Director Noel Bertram Watson sold 2,500 shares of the company'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 completion of the sale, the director now directly owns 38,997 shares in the company, valued at $1,785,282.66. This represents a 6.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Keith Rabois sold 16,086 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $60.12, for a total value of $967,090.32. Following the completion of the sale, the director now directly owns 77,608 shares in the company, valued at approximately $4,665,792.96. This represents a 17.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,762 shares of company stock valued at $3,241,246 over the last 90 days. 12.41% of the stock is currently owned by company insiders.

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.