Affirm Holdings, Inc. $AFRM Shares Sold by KBC Group NV

KBC Group NV trimmed its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 79.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 40,722 shares of the company’s stock after selling 153,684 shares during the quarter. KBC Group NV’s holdings in Affirm were worth $1,866,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Greenline Wealth Management LLC bought a new position in shares of Affirm in the fourth quarter valued at $26,000. Syntegra Private Wealth Group LLC bought a new stake in shares of Affirm during the 1st quarter worth $28,000. Triumph Capital Management bought a new stake in shares of Affirm during the 3rd quarter worth $31,000. CoreCap Advisors LLC grew its holdings in shares of Affirm by 431.3% in the 4th quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock worth $33,000 after acquiring an additional 358 shares during the last quarter. Finally, Strive Financial Group LLC acquired a new stake in shares of Affirm during the fourth quarter worth $33,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AFRM. Royal Bank Of Canada increased their price target on Affirm from $77.00 to $80.00 and gave the company a “sector perform” rating in a research report on Friday, May 8th. TD Cowen upped their price objective on shares of Affirm from $90.00 to $117.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Affirm in a report on Wednesday, June 24th. Needham & Company LLC lifted their target price on shares of Affirm from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Finally, Robert W. Baird boosted their price target on shares of Affirm from $70.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, Affirm has an average rating of “Moderate Buy” and an average target price of $92.74.

Insider Transactions at Affirm

In other news, COO Michael Linford sold 100,000 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $80.04, for a total value of $8,004,000.00. Following the transaction, the chief operating officer owned 117,984 shares in the company, valued at $9,443,439.36. This represents a 45.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Noel Bertram Watson sold 2,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $65.00, for a total transaction of $130,000.00. Following the completion of the sale, the director directly owned 36,076 shares of the company’s stock, valued at $2,344,940. This trade represents a 5.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 11.01% of the stock is owned by corporate insiders.

Affirm Stock Performance

Shares of AFRM stock opened at $70.23 on Friday. The company has a market capitalization of $23.52 billion, a price-to-earnings ratio of 63.85, a P/E/G ratio of 2.90 and a beta of 3.67. Affirm Holdings, Inc. has a 1-year low of $42.10 and a 1-year high of $100.00. The company has a current ratio of 11.32, a quick ratio of 11.32 and a debt-to-equity ratio of 2.39. The stock’s fifty day simple moving average is $73.92 and its 200-day simple moving average is $63.76.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.13. The firm had revenue of $943.95 million during the quarter, compared to the consensus estimate of $995.27 million. Affirm had a return on equity of 11.17% and a net margin of 9.63%.The business’s revenue for the quarter was up 32.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.01 EPS. On average, sell-side analysts predict that Affirm Holdings, Inc. will post 1.23 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.