Public Employees Retirement System of Ohio Grows Stake in Affirm Holdings, Inc. (NASDAQ:AFRM)

Public Employees Retirement System of Ohio lifted its position in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 5.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 89,047 shares of the company's stock after buying an additional 4,964 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Affirm were worth $5,423,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Pinkerton Retirement Specialists LLC acquired a new position in Affirm in the 4th quarter valued at about $232,000. Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new position in shares of Affirm in the fourth quarter valued at approximately $2,792,000. Ashford Capital Management Inc. acquired a new position in shares of Affirm in the fourth quarter valued at approximately $840,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Affirm by 9.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 664,329 shares of the company's stock worth $40,458,000 after buying an additional 59,300 shares in the last quarter. Finally, Voloridge Investment Management LLC acquired a new stake in Affirm during the 4th quarter worth approximately $76,738,000. Institutional investors and hedge funds own 69.29% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on AFRM. TD Cowen began coverage on shares of Affirm in a research note on Tuesday, April 8th. They issued a "buy" rating and a $50.00 price target for the company. UBS Group lowered their target price on Affirm from $62.00 to $56.00 and set a "neutral" rating for the company in a research note on Friday, May 9th. Bank of America upped their price target on Affirm from $76.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Wells Fargo & Company decreased their price objective on Affirm from $85.00 to $67.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Finally, Susquehanna raised Affirm from a "neutral" rating to a "positive" rating and set a $65.00 price objective for the company in a research report on Friday, May 9th. Seven investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $65.05.

Insiders Place Their Bets

In related news, Director Noel Bertram Watson sold 2,500 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $45.78, for a total transaction of $114,450.00. Following the transaction, the director now owns 38,997 shares of the company's stock, valued at $1,785,282.66. This represents a 6.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Keith Rabois sold 16,088 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $63.97, for a total value of $1,029,149.36. Following the completion of the sale, the director now directly owns 61,520 shares of the company's stock, valued at approximately $3,935,434.40. This trade represents a 20.73% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,765 shares of company stock worth $2,694,694. 11.82% of the stock is owned by insiders.

Affirm Stock Down 0.4%

Shares of NASDAQ AFRM traded down $0.19 during mid-day trading on Friday, reaching $51.86. The company had a trading volume of 3,725,005 shares, compared to its average volume of 8,549,652. The firm has a 50 day simple moving average of $46.97 and a two-hundred day simple moving average of $57.16. Affirm Holdings, Inc. has a 52-week low of $22.25 and a 52-week high of $82.53. The company has a current ratio of 11.26, a quick ratio of 11.26 and a debt-to-equity ratio of 2.68. The stock has a market cap of $16.73 billion, a P/E ratio of -79.78 and a beta of 3.66.

Affirm (NASDAQ:AFRM - Get Free Report) last released its quarterly earnings results 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 net margin of 7.10% and a negative return on equity of 7.25%. The firm had revenue of $783.14 million during the quarter, compared to the consensus estimate of $782.98 million. During the same quarter in the prior year, the firm earned ($0.43) EPS. Affirm's revenue for the quarter was up 35.9% on a year-over-year basis. Sell-side analysts predict that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

About Affirm

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.