Public Sector Pension Investment Board Takes $7.10 Million Position in Affirm Holdings, Inc. $AFRM

Public Sector Pension Investment Board acquired a new position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 97,200 shares of the company’s stock, valued at approximately $7,103,000.

Several other institutional investors have also made changes to their positions in the business. Yousif Capital Management LLC raised its position in Affirm by 5.1% in the third quarter. Yousif Capital Management LLC now owns 3,243 shares of the company’s stock worth $237,000 after purchasing an additional 158 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Affirm by 13.2% during the third quarter. Farther Finance Advisors LLC now owns 1,471 shares of the company’s stock valued at $108,000 after purchasing an additional 171 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Affirm by 4.4% in the 3rd quarter. GAMMA Investing LLC now owns 4,850 shares of the company’s stock valued at $354,000 after purchasing an additional 206 shares during the period. Apollon Wealth Management LLC raised its holdings in shares of Affirm by 3.5% in the 3rd quarter. Apollon Wealth Management LLC now owns 6,335 shares of the company’s stock worth $463,000 after buying an additional 212 shares in the last quarter. Finally, Callan Family Office LLC lifted its position in shares of Affirm by 5.3% during the 3rd quarter. Callan Family Office LLC now owns 4,455 shares of the company’s stock worth $326,000 after buying an additional 226 shares during the period. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Affirm

In other Affirm news, CFO Robert O’hare sold 36,401 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $80.00, for a total value of $2,912,080.00. Following the transaction, the chief financial officer directly owned 1,368 shares of the company’s stock, valued at approximately $109,440. This trade represents a 96.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Max R. Levchin sold 666,666 shares of Affirm stock in a transaction on Monday, January 5th. The stock was sold at an average price of $80.62, for a total transaction of $53,746,612.92. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 711,256 shares of company stock valued at $57,231,923. Corporate insiders own 11.01% of the company’s stock.

Affirm Stock Performance

Shares of Affirm stock opened at $51.60 on Wednesday. The company has a debt-to-equity ratio of 2.58, a current ratio of 11.41 and a quick ratio of 11.41. The firm has a 50 day simple moving average of $69.46 and a 200 day simple moving average of $73.62. Affirm Holdings, Inc. has a fifty-two week low of $30.90 and a fifty-two week high of $100.00. The firm has a market cap of $17.19 billion, a P/E ratio of 63.70, a P/E/G ratio of 1.86 and a beta of 3.56.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.09. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.06 billion. Affirm had a return on equity of 8.83% and a net margin of 7.60%.The business’s quarterly revenue was up 29.6% compared to the same quarter last year. During the same period last year, the company earned $0.23 EPS. Sell-side analysts predict that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AFRM has been the topic of a number of analyst reports. Susquehanna reiterated a “positive” rating and issued a $100.00 price target on shares of Affirm in a research report on Friday, February 6th. Royal Bank Of Canada dropped their target price on shares of Affirm from $87.00 to $77.00 and set a “sector perform” rating for the company in a research report on Friday, February 6th. Evercore restated an “outperform” rating on shares of Affirm in a research report on Tuesday, December 16th. JPMorgan Chase & Co. decreased their price objective on shares of Affirm from $94.00 to $79.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. Finally, Wells Fargo & Company assumed coverage on shares of Affirm in a research note on Tuesday, October 21st. They issued an “overweight” rating and a $89.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $86.67.

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.