Handelsbanken Fonder AB Buys 11,300 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Handelsbanken Fonder AB grew its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 39.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,000 shares of the company’s stock after buying an additional 11,300 shares during the period. Handelsbanken Fonder AB’s holdings in Affirm were worth $1,966,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. lifted its holdings in shares of Affirm by 44.7% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 150,621 shares of the company’s stock valued at $3,204,000 after purchasing an additional 46,509 shares in the last quarter. Kathleen S. Wright Associates Inc. lifted its holdings in shares of Affirm by 46.4% during the 3rd quarter. Kathleen S. Wright Associates Inc. now owns 8,387 shares of the company’s stock valued at $178,000 after purchasing an additional 2,660 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of Affirm by 9.2% during the 3rd quarter. Raymond James & Associates now owns 21,218 shares of the company’s stock valued at $451,000 after purchasing an additional 1,781 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Affirm by 25.0% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 277,843 shares of the company’s stock valued at $5,910,000 after purchasing an additional 55,568 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Affirm by 3.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 754,950 shares of the company’s stock valued at $16,058,000 after purchasing an additional 23,268 shares in the last quarter. Institutional investors own 69.29% of the company’s stock.

Affirm Stock Up 5.3 %

NASDAQ:AFRM opened at $33.33 on Friday. The firm has a market capitalization of $10.23 billion, a price-to-earnings ratio of -13.39 and a beta of 3.57. Affirm Holdings, Inc. has a twelve month low of $8.80 and a twelve month high of $52.48. The stock’s 50 day moving average price is $35.24 and its two-hundred day moving average price is $35.00. The company has a quick ratio of 11.49, a current ratio of 11.49 and a debt-to-equity ratio of 2.35.

Affirm (NASDAQ:AFRM) last issued its earnings results on Thursday, February 8th. The company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.28) by $0.08. Affirm had a negative return on equity of 25.10% and a negative net margin of 39.19%. The company had revenue of $591.11 million during the quarter, compared to the consensus estimate of $523.92 million. Equities research analysts expect that Affirm Holdings, Inc. will post -2.45 earnings per share for the current fiscal year.

Insider Transactions at Affirm

In other news, Director Keith Rabois sold 9,276 shares of Affirm stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $34.39, for a total transaction of $319,001.64. Following the completion of the transaction, the director now directly owns 78,552 shares in the company, valued at approximately $2,701,403.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 13.05% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AFRM shares. The Goldman Sachs Group lifted their price objective on Affirm from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, February 9th. Wedbush reissued an “underperform” rating and issued a $20.00 target price on shares of Affirm in a research report on Friday, February 9th. Deutsche Bank Aktiengesellschaft lifted their target price on Affirm from $24.00 to $35.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Royal Bank of Canada lifted their target price on Affirm from $26.00 to $50.00 and gave the company a “sector perform” rating in a research report on Friday, February 9th. Finally, BMO Capital Markets lifted their target price on Affirm from $44.00 to $47.00 and gave the company a “market perform” rating in a research report on Monday, February 12th. Six analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $27.86.

Affirm Company 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.