Affirm Holdings, Inc. (NASDAQ:AFRM) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. grew its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 7.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 70,629 shares of the company's stock after purchasing an additional 4,810 shares during the quarter. Victory Capital Management Inc.'s holdings in Affirm were worth $3,192,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AFRM. Wealthfront Advisers LLC increased its holdings in Affirm by 50.5% during the 1st quarter. Wealthfront Advisers LLC now owns 5,478 shares of the company's stock worth $248,000 after purchasing an additional 1,837 shares during the period. SBI Securities Co. Ltd. grew its position in shares of Affirm by 31.0% during the first quarter. SBI Securities Co. Ltd. now owns 36,770 shares of the company's stock worth $1,662,000 after buying an additional 8,699 shares in the last quarter. Apollon Wealth Management LLC purchased a new stake in shares of Affirm during the first quarter worth approximately $236,000. Signaturefd LLC increased its stake in shares of Affirm by 11.3% during the first quarter. Signaturefd LLC now owns 5,604 shares of the company's stock worth $253,000 after buying an additional 569 shares during the period. Finally, Edgestream Partners L.P. raised its holdings in Affirm by 171.9% in the first quarter. Edgestream Partners L.P. now owns 80,156 shares of the company's stock valued at $3,622,000 after acquiring an additional 50,675 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on AFRM. Citigroup reiterated an "overweight" rating on shares of Affirm in a report on Monday, June 30th. TD Cowen began coverage on Affirm in a report on Tuesday, April 8th. They issued a "buy" rating and a $50.00 target price on the stock. Royal Bank Of Canada raised their price target on Affirm from $70.00 to $75.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 8th. Barclays upped their price objective on Affirm from $67.00 to $80.00 and gave the stock an "overweight" rating in a research report on Monday, June 30th. Finally, UBS Group dropped their price objective on Affirm from $62.00 to $56.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. Nine investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Affirm has a consensus rating of "Moderate Buy" and a consensus target price of $67.82.

Insider Buying and Selling at Affirm

In related news, CFO Robert O'hare sold 19,802 shares of Affirm stock in a transaction on Monday, July 7th. The shares were sold at an average price of $70.03, for a total value of $1,386,734.06. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Keith Rabois sold 16,089 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $51.00, for a total transaction of $820,539.00. Following the completion of the transaction, the director directly owned 29,343 shares in the company, valued at $1,496,493. This represents a 35.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 96,247 shares of company stock valued at $6,422,823. Corporate insiders own 11.82% of the company's stock.

Affirm Price Performance

Shares of NASDAQ:AFRM opened at $67.09 on Monday. Affirm Holdings, Inc. has a one year low of $22.25 and a one year high of $82.53. The stock has a market capitalization of $21.64 billion, a price-to-earnings ratio of -319.48, a PEG ratio of 2.48 and a beta of 3.63. The company has a 50-day simple moving average of $61.41 and a 200-day simple moving average of $56.71. The company has a debt-to-equity ratio of 2.55, a quick ratio of 11.47 and a current ratio of 11.47.

Affirm (NASDAQ:AFRM - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.10. Affirm had a negative return on equity of 2.22% and a negative net margin of 2.07%. The firm had revenue of $783.14 million during the quarter, compared to the consensus estimate of $782.98 million. During the same period in the prior year, the business earned ($0.43) EPS. The firm's revenue was up 35.9% compared to the same quarter last year. On average, analysts predict that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Affirm Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.