North Dakota State Investment Board Purchases Shares of 9,447 Affirm Holdings, Inc. $AFRM

North Dakota State Investment Board purchased a new stake in Affirm Holdings, Inc. (NASDAQ:AFRM) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 9,447 shares of the company’s stock, valued at approximately $703,000.

Other large investors have also recently bought and sold shares of the company. Assetmark Inc. boosted its holdings in Affirm by 111.3% in the 3rd quarter. Assetmark Inc. now owns 338 shares of the company’s stock valued at $25,000 after purchasing an additional 178 shares during the period. Triumph Capital Management bought a new position in Affirm in the 3rd quarter valued at $31,000. CoreCap Advisors LLC raised its position in shares of Affirm by 431.3% during the 4th quarter. CoreCap Advisors LLC now owns 441 shares of the company’s stock valued at $33,000 after buying an additional 358 shares in the last quarter. Larson Financial Group LLC raised its position in shares of Affirm by 74.5% during the 3rd quarter. Larson Financial Group LLC now owns 499 shares of the company’s stock valued at $36,000 after buying an additional 213 shares in the last quarter. Finally, Bogart Wealth LLC raised its position in shares of Affirm by 2,381.0% during the 4th quarter. Bogart Wealth LLC now owns 521 shares of the company’s stock valued at $39,000 after buying an additional 500 shares in the last quarter. 69.29% of the stock is owned by institutional investors.

Insider Activity

In other Affirm news, Director Noel Bertram Watson sold 2,000 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $65.00, for a total value of $130,000.00. Following the transaction, the director owned 36,076 shares in the company, valued at approximately $2,344,940. The trade was a 5.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 11.01% of the company’s stock.

Affirm Price Performance

AFRM stock opened at $67.18 on Friday. The firm’s 50-day moving average price is $55.89 and its two-hundred day moving average price is $62.61. Affirm Holdings, Inc. has a 12-month low of $42.10 and a 12-month high of $100.00. The stock has a market capitalization of $22.50 billion, a price-to-earnings ratio of 61.07, a PEG ratio of 3.99 and a beta of 3.72. The company has a current ratio of 11.32, a quick ratio of 11.32 and a debt-to-equity ratio of 2.39.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.13. Affirm had a net margin of 9.63% and a return on equity of 11.17%. The firm had revenue of $943.95 million for the quarter, compared to analysts’ expectations of $995.27 million. During the same quarter in the previous year, the company earned $0.01 earnings per share. The company’s revenue for the quarter was up 32.7% compared to the same quarter last year. As a group, equities analysts predict that Affirm Holdings, Inc. will post 1.21 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on AFRM shares. Cantor Fitzgerald raised their price objective on shares of Affirm from $61.00 to $80.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. BMO Capital Markets started coverage on shares of Affirm in a research report on Tuesday, April 21st. They set an “outperform” rating and a $75.00 price objective on the stock. UBS Group raised their price objective on shares of Affirm from $78.00 to $82.00 and gave the company a “neutral” rating in a research report on Monday, May 11th. Morgan Stanley set a $79.00 price objective on shares of Affirm and gave the company an “overweight” rating in a research report on Sunday, May 10th. Finally, The Goldman Sachs Group cut shares of Affirm from a “buy” rating to a “hold” rating in a research report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Affirm has an average rating of “Moderate Buy” and a consensus target price of $86.00.

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.