Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Bought by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System raised its stake in Affirm Holdings, Inc. (NASDAQ:AFRM) by 6.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,838 shares of the company’s stock after purchasing an additional 807 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Affirm were worth $843,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Geneos Wealth Management Inc. grew its position in Affirm by 356.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock valued at $32,000 after buying an additional 410 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Affirm in the fourth quarter valued at about $33,000. Creative Financial Designs Inc. ADV boosted its holdings in shares of Affirm by 640.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 740 shares of the company’s stock valued at $45,000 after acquiring an additional 640 shares in the last quarter. Bogart Wealth LLC acquired a new position in shares of Affirm during the fourth quarter worth about $61,000. Finally, Valley National Advisers Inc. purchased a new position in Affirm during the fourth quarter worth about $61,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. UBS Group boosted their target price on Affirm from $46.00 to $62.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. JPMorgan Chase & Co. upped their price objective on Affirm from $56.00 to $74.00 and gave the stock an “overweight” rating in a report on Monday, December 2nd. Royal Bank of Canada boosted their target price on shares of Affirm from $67.00 to $81.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. The Goldman Sachs Group cut their price target on shares of Affirm from $90.00 to $56.00 and set a “buy” rating for the company in a report on Tuesday, March 18th. Finally, Susquehanna downgraded shares of Affirm from a “positive” rating to a “neutral” rating and set a $57.00 price objective on the stock. in a report on Tuesday, January 21st. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $69.76.

Affirm Stock Up 4.1 %

AFRM opened at $49.90 on Monday. The firm has a market cap of $15.87 billion, a P/E ratio of -76.77 and a beta of 3.63. The business’s fifty day simple moving average is $60.68 and its 200 day simple moving average is $56.14. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $82.53. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. As a group, equities research analysts anticipate that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Insiders Place Their Bets

In other Affirm news, Director Noel Bertram Watson sold 2,500 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $45.78, for a total value of $114,450.00. Following the sale, the director now directly owns 38,997 shares of the company’s stock, valued at approximately $1,785,282.66. This trade represents a 6.02 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Keith Rabois sold 16,086 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $60.12, for a total transaction of $967,090.32. Following the transaction, the director now directly owns 77,608 shares of the company’s stock, valued at approximately $4,665,792.96. This represents a 17.17 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 62,301 shares of company stock valued at $3,920,543. Company insiders own 12.41% of the company’s stock.

Affirm 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.