UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Holdings in Affirm Holdings, Inc. (NASDAQ:AFRM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 9.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 664,329 shares of the company's stock after buying an additional 59,300 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.21% of Affirm worth $40,458,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Ballentine Partners LLC acquired a new position in Affirm in the fourth quarter valued at approximately $249,000. Janney Montgomery Scott LLC increased its stake in Affirm by 9.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 11,713 shares of the company's stock valued at $713,000 after purchasing an additional 1,015 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Affirm by 356.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 525 shares of the company's stock worth $32,000 after purchasing an additional 410 shares during the period. Blue Trust Inc. boosted its position in shares of Affirm by 299.7% during the fourth quarter. Blue Trust Inc. now owns 3,118 shares of the company's stock worth $190,000 after purchasing an additional 2,338 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of Affirm by 53.2% in the 4th quarter. KBC Group NV now owns 9,698 shares of the company's stock valued at $591,000 after buying an additional 3,367 shares during the period. Institutional investors and hedge funds own 69.29% of the company's stock.

Affirm Stock Down 1.4%

NASDAQ AFRM traded down $0.72 during midday trading on Friday, hitting $51.33. 1,423,549 shares of the company traded hands, compared to its average volume of 8,502,507. The company has a market cap of $16.56 billion, a PE ratio of -79.63 and a beta of 3.66. The company has a debt-to-equity ratio of 2.68, a current ratio of 11.26 and a quick ratio of 11.26. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $82.53. The company's 50-day simple moving average is $46.95 and its 200-day simple moving average is $57.19.

Affirm (NASDAQ:AFRM - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.10. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. The business had revenue of $783.14 million for the quarter, compared to the consensus estimate of $782.98 million. During the same quarter in the previous year, the business earned ($0.43) EPS. The company's quarterly revenue was up 35.9% compared to the same quarter last year. As a group, equities research analysts forecast that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on AFRM. UBS Group dropped their target price on shares of Affirm from $62.00 to $56.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. The Goldman Sachs Group increased their target price on Affirm from $45.00 to $58.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Bank of America upped their price objective on Affirm from $76.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Evercore ISI assumed coverage on Affirm in a research note on Wednesday, April 9th. They issued an "outperform" rating and a $50.00 target price on the stock. Finally, Compass Point raised shares of Affirm from a "neutral" rating to a "buy" rating and raised their price target for the stock from $61.00 to $64.00 in a research note on Wednesday, March 19th. Seven investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $65.05.

Insider Activity at Affirm

In other Affirm news, Director Keith Rabois sold 16,088 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $63.97, for a total value of $1,029,149.36. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Noel Bertram Watson sold 2,500 shares of Affirm stock in a transaction on Monday, March 17th. The shares were sold at an average price of $45.78, for a total transaction of $114,450.00. Following the completion of the sale, the director now directly owns 38,997 shares in the company, valued at $1,785,282.66. This represents a 6.02% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 50,765 shares of company stock worth $2,694,694. 11.82% of the stock is owned by corporate insiders.

Affirm 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.