Affirm Holdings, Inc. $AFRM Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 48.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,722 shares of the company’s stock after purchasing an additional 9,325 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Affirm were worth $2,138,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Assetmark Inc. raised its holdings in Affirm by 111.3% during the third quarter. Assetmark Inc. now owns 338 shares of the company’s stock worth $25,000 after purchasing an additional 178 shares in the last quarter. Mount Vernon Associates Inc. MD raised its holdings in Affirm by 0.5% during the fourth quarter. Mount Vernon Associates Inc. MD now owns 42,925 shares of the company’s stock worth $3,195,000 after purchasing an additional 200 shares in the last quarter. Fifth Third Bancorp raised its holdings in Affirm by 63.6% during the fourth quarter. Fifth Third Bancorp now owns 522 shares of the company’s stock worth $39,000 after purchasing an additional 203 shares in the last quarter. Rakuten Securities Inc. raised its holdings in Affirm by 1.3% during the fourth quarter. Rakuten Securities Inc. now owns 16,622 shares of the company’s stock worth $1,237,000 after purchasing an additional 206 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in Affirm by 74.5% during the third quarter. Larson Financial Group LLC now owns 499 shares of the company’s stock worth $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 Buying and Selling at Affirm

In other news, Director Noel Bertram Watson sold 2,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $65.00, for a total value of $130,000.00. Following the completion of the transaction, the director owned 36,076 shares in the company, valued at $2,344,940. This trade represents a 5.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.01% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AFRM. BMO Capital Markets began coverage on shares of Affirm in a report on Tuesday, April 21st. They set an “outperform” rating and a $75.00 price target for the company. Oppenheimer reissued an “outperform” rating and set a $87.00 price target on shares of Affirm in a report on Friday, May 8th. Zacks Research downgraded Affirm from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 29th. Truist Financial raised their target price on Affirm from $75.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, May 28th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Affirm in a report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $86.20.

Affirm Price Performance

Affirm stock opened at $63.61 on Friday. Affirm Holdings, Inc. has a one year low of $42.10 and a one year high of $100.00. The company has a debt-to-equity ratio of 2.39, a quick ratio of 11.32 and a current ratio of 11.32. The business has a fifty day moving average of $60.91 and a two-hundred day moving average of $62.38. The company has a market cap of $21.30 billion, a P/E ratio of 57.83, a price-to-earnings-growth ratio of 3.95 and a beta of 3.70.

Affirm (NASDAQ:AFRM) last released its earnings results on Thursday, May 7th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.13. Affirm had a return on equity of 11.17% and a net margin of 9.63%.The company had revenue of $943.95 million during the quarter, compared to the consensus estimate of $995.27 million. During the same quarter last year, the company earned $0.01 earnings per share. Affirm’s quarterly revenue was up 32.7% compared to the same quarter last year. As a group, analysts predict that Affirm Holdings, Inc. will post 1.25 earnings per share for the current fiscal year.

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.