Danske Bank A S Boosts Stock Position in Affirm Holdings, Inc. $AFRM

Key Points

• Danske Bank A/S boosted its stake in Affirm by 23.8% in Q4, adding 21,900 shares to hold 113,900 shares valued at about $8.48 million.
• Affirm beat expectations with quarterly EPS of $0.37 (vs. $0.28 est.) and revenue of $1.12B (vs. $1.06B), with revenue up 29.6% year‑over‑year, though the stock trades at a high P/E (~82.8).
• Institutional ownership is substantial at 69.29%, driven by large increases from firms like Invesco and State Street, and analysts have a consensus "Moderate Buy" with a $83.76 target.

Danske Bank A S lifted its holdings in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 23.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 113,900 shares of the company's stock after purchasing an additional 21,900 shares during the quarter. Danske Bank A S's holdings in Affirm were worth $8,478,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AFRM. Invesco Ltd. grew its position in Affirm by 294.2% in the third quarter. Invesco Ltd. now owns 4,333,691 shares of the company's stock worth $316,706,000 after acquiring an additional 3,234,260 shares in the last quarter. Atreides Management LP grew its position in Affirm by 543.3% in the second quarter. Atreides Management LP now owns 1,977,882 shares of the company's stock worth $136,751,000 after acquiring an additional 1,670,429 shares in the last quarter. State Street Corp grew its position in Affirm by 26.7% in the third quarter. State Street Corp now owns 5,641,965 shares of the company's stock worth $412,315,000 after acquiring an additional 1,187,665 shares in the last quarter. Alliancebernstein L.P. grew its position in Affirm by 333.5% in the third quarter. Alliancebernstein L.P. now owns 1,166,370 shares of the company's stock worth $85,238,000 after acquiring an additional 897,340 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its position in Affirm by 68.9% in the third quarter. Qube Research & Technologies Ltd now owns 2,146,092 shares of the company's stock worth $156,836,000 after acquiring an additional 875,813 shares in the last quarter. Hedge funds and other institutional investors own 69.29% of the company's stock.

Affirm Stock Down 0.7%

Shares of NASDAQ:AFRM opened at $67.08 on Tuesday. Affirm Holdings, Inc. has a 1 year low of $42.10 and a 1 year high of $100.00. The business has a 50 day simple moving average of $51.59 and a two-hundred day simple moving average of $63.23. The firm has a market capitalization of $22.35 billion, a PE ratio of 82.81, a price-to-earnings-growth ratio of 4.72 and a beta of 3.72. The company has a debt-to-equity ratio of 2.58, a current ratio of 11.41 and a quick ratio of 11.41.

Affirm (NASDAQ:AFRM - Get Free Report) last issued its earnings results on Thursday, February 5th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.09. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.06 billion. Affirm had a net margin of 7.60% and a return on equity of 8.83%. The business's revenue was up 29.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.23 earnings per share. On average, equities analysts predict that Affirm Holdings, Inc. will post 1.08 EPS for the current year.

Wall Street Analyst Weigh In

AFRM has been the subject of several recent analyst reports. Royal Bank Of Canada dropped their price objective on shares of Affirm from $87.00 to $77.00 and set a "sector perform" rating for the company in a research note on Friday, February 6th. BMO Capital Markets initiated coverage on shares of Affirm in a research note on Tuesday, April 21st. They set an "outperform" rating and a $75.00 price objective for the company. Compass Point reaffirmed a "buy" rating and set a $68.00 price objective on shares of Affirm in a research note on Wednesday, February 18th. Truist Financial lifted their price objective on shares of Affirm from $71.00 to $75.00 and gave the stock a "buy" rating in a research note on Friday, April 24th. Finally, Mizuho dropped their price objective on shares of Affirm from $114.00 to $95.00 and set an "outperform" rating for the company in a research note on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Affirm has a consensus rating of "Moderate Buy" and a consensus target price of $83.76.

Insider Activity

In other news, Director Noel Bertram Watson sold 2,000 shares of the business's stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $55.00, for a total transaction of $110,000.00. Following the completion of the sale, the director directly owned 38,076 shares of the company's stock, valued at approximately $2,094,180. The trade was a 4.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 11.01% of the company's stock.

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.

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