21,656 Shares in Affirm Holdings, Inc. $AFRM Acquired by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. purchased a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 21,656 shares of the company’s stock, valued at approximately $1,616,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Assetmark Inc. lifted its stake in shares of Affirm by 111.3% in the third quarter. Assetmark Inc. now owns 338 shares of the company’s stock worth $25,000 after acquiring an additional 178 shares in the last quarter. Mount Vernon Associates Inc. MD grew its stake in Affirm by 0.5% during the 4th quarter. Mount Vernon Associates Inc. MD now owns 42,925 shares of the company’s stock valued at $3,195,000 after purchasing an additional 200 shares in the last quarter. Fifth Third Bancorp increased its holdings in Affirm by 63.6% during the 4th quarter. Fifth Third Bancorp now owns 522 shares of the company’s stock worth $39,000 after purchasing an additional 203 shares during the last quarter. Rakuten Securities Inc. increased its holdings in Affirm by 1.3% during the 4th quarter. Rakuten Securities Inc. now owns 16,622 shares of the company’s stock worth $1,237,000 after purchasing an additional 206 shares during the last quarter. Finally, Larson Financial Group LLC raised its position in shares of Affirm by 74.5% in the 3rd quarter. Larson Financial Group LLC now owns 499 shares of the company’s stock valued at $36,000 after purchasing an additional 213 shares in the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Noel Bertram Watson sold 2,000 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $65.00, for a total value of $130,000.00. Following the sale, the director owned 36,076 shares of the company’s stock, valued at $2,344,940. This trade represents a 5.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 11.01% of the company’s stock.

Affirm Price Performance

Shares of NASDAQ:AFRM opened at $71.01 on Wednesday. The company has a market cap of $23.78 billion, a PE ratio of 64.55, a P/E/G ratio of 4.20 and a beta of 3.70. Affirm Holdings, Inc. has a fifty-two week low of $42.10 and a fifty-two week high of $100.00. The firm has a 50-day simple moving average of $59.12 and a 200 day simple moving average of $62.49. The company has a quick ratio of 11.32, a current ratio of 11.32 and a debt-to-equity ratio of 2.39.

Affirm (NASDAQ:AFRM) last issued its earnings results on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.13. The firm had revenue of $943.95 million for the quarter, compared to analysts’ expectations of $995.27 million. Affirm had a net margin of 9.63% and a return on equity of 11.17%. Affirm’s revenue was up 32.7% on a year-over-year basis. During the same quarter last year, the company posted $0.01 earnings per share. On average, sell-side analysts anticipate that Affirm Holdings, Inc. will post 1.25 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on AFRM. Royal Bank Of Canada raised their price target on shares of Affirm from $77.00 to $80.00 and gave the stock a “sector perform” rating in a research report on Friday, May 8th. Citizens Jmp cut their price target on shares of Affirm from $105.00 to $85.00 and set a “market outperform” rating on the stock in a report on Friday, April 17th. UBS Group increased their price objective on shares of Affirm from $78.00 to $82.00 and gave the company a “neutral” rating in a research note on Monday, May 11th. Susquehanna reissued a “positive” rating and issued a $100.00 target price on shares of Affirm in a research report on Friday, February 6th. Finally, BMO Capital Markets initiated coverage on shares of Affirm in a research note on Tuesday, April 21st. They issued an “outperform” rating and a $75.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Affirm currently has an average rating of “Moderate Buy” and an average price target of $86.20.

Affirm Profile

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.