Public Employees Retirement System of Ohio Acquires New Shares in Affirm Holdings, Inc. $AFRM

Public Employees Retirement System of Ohio bought a new stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) during the second quarter, Holdings Channel.com reports. The fund bought 79,844 shares of the company’s stock, valued at approximately $6,511,000.

Several other institutional investors have also recently made changes to their positions in AFRM. Royal Bank of Canada boosted its holdings in shares of Affirm by 2.1% in the first quarter. Royal Bank of Canada now owns 193,601 shares of the company’s stock worth $8,748,000 after acquiring an additional 3,892 shares during the period. Empowered Funds LLC lifted its holdings in Affirm by 90.7% during the 1st quarter. Empowered Funds LLC now owns 16,852 shares of the company’s stock worth $762,000 after purchasing an additional 8,014 shares in the last quarter. Focus Partners Wealth purchased a new stake in Affirm during the 1st quarter worth about $243,000. EverSource Wealth Advisors LLC boosted its stake in Affirm by 18.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,738 shares of the company’s stock worth $189,000 after purchasing an additional 427 shares during the period. Finally, First Trust Advisors LP boosted its stake in Affirm by 44.8% in the 2nd quarter. First Trust Advisors LP now owns 191,525 shares of the company’s stock worth $13,242,000 after purchasing an additional 59,297 shares during the period. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Insider Transactions at Affirm

In other Affirm news, COO Michael Linford sold 79,219 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $90.01, for a total value of $7,130,502.19. Following the completion of the transaction, the chief operating officer owned 120,713 shares of the company’s stock, valued at $10,865,377.13. The trade was a 39.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.01% of the stock is currently owned by insiders.

Affirm Stock Performance

NASDAQ:AFRM opened at $69.94 on Wednesday. The business’s 50-day moving average price is $77.45 and its two-hundred day moving average price is $64.84. Affirm Holdings, Inc. has a twelve month low of $42.10 and a twelve month high of $93.20. The stock has a market cap of $23.42 billion, a P/E ratio of 12.67, a PEG ratio of 2.91 and a beta of 3.61. The company has a quick ratio of 11.80, a current ratio of 11.80 and a debt-to-equity ratio of 1.82.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Thursday, August 27th. The company reported $4.62 EPS for the quarter, topping the consensus estimate of $0.35 by $4.27. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.11 billion. Affirm had a return on equity of 47.91% and a net margin of 45.29%.Affirm’s revenue was up 33.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.20 earnings per share. As a group, equities analysts predict that Affirm Holdings, Inc. will post 1.8 EPS for the current fiscal year.

Analyst Ratings Changes

AFRM has been the topic of several analyst reports. Compass Point set a $100.00 price target on Affirm in a research report on Friday, July 17th. UBS Group raised their price objective on shares of Affirm from $82.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday. Weiss Ratings raised shares of Affirm from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Friday. Sanford C. Bernstein upped their target price on shares of Affirm from $100.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Truist Financial increased their target price on shares of Affirm from $80.00 to $83.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Twenty-two analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $99.20.

About Affirm

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.