Vontobel Holding Ltd. Buys 8,584 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Vontobel Holding Ltd. boosted its stake in shares of Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 251.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,993 shares of the company's stock after buying an additional 8,584 shares during the quarter. Vontobel Holding Ltd.'s holdings in Affirm were worth $542,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Amalgamated Bank grew its position in Affirm by 2.1% during the first quarter. Amalgamated Bank now owns 13,773 shares of the company's stock valued at $622,000 after buying an additional 280 shares during the period. KBC Group NV lifted its holdings in Affirm by 8.5% during the first quarter. KBC Group NV now owns 10,525 shares of the company's stock valued at $476,000 after purchasing an additional 827 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Affirm during the first quarter valued at about $45,133,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Affirm by 2,800.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,084 shares of the company's stock valued at $2,083,000 after purchasing an additional 44,495 shares during the last quarter. Finally, Diversified Trust Co lifted its holdings in Affirm by 85.1% during the first quarter. Diversified Trust Co now owns 6,830 shares of the company's stock valued at $309,000 after purchasing an additional 3,141 shares during the last quarter. Institutional investors own 69.29% of the company's stock.

Analysts Set New Price Targets

AFRM has been the topic of several recent research reports. Seaport Res Ptn raised shares of Affirm to a "hold" rating in a report on Monday, March 24th. Stephens initiated coverage on shares of Affirm in a report on Thursday, June 12th. They set an "equal weight" rating and a $69.00 price objective on the stock. Evercore ISI initiated coverage on shares of Affirm in a report on Wednesday, April 9th. They set an "outperform" rating and a $50.00 price objective on the stock. Wells Fargo & Company dropped their price objective on shares of Affirm from $85.00 to $67.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Finally, The Goldman Sachs Group upped their price objective on shares of Affirm from $45.00 to $58.00 and gave the company a "buy" rating in a report on Monday, May 12th. Nine investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $65.67.

Insiders Place Their Bets

In other Affirm news, Director Christa S. Quarles sold 754 shares of Affirm stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $67.43, for a total transaction of $50,842.22. Following the transaction, the director directly owned 137,241 shares of the company's stock, valued at approximately $9,254,160.63. This trade represents a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Keith Rabois sold 16,089 shares of Affirm stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $51.00, for a total transaction of $820,539.00. Following the transaction, the director directly owned 29,343 shares in the company, valued at $1,496,493. This trade represents a 35.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,343 shares of company stock valued at $1,023,531. 11.82% of the stock is currently owned by corporate insiders.

Affirm Trading Up 1.0%

Shares of AFRM opened at $69.04 on Monday. The firm's 50 day simple moving average is $56.76 and its 200 day simple moving average is $56.31. The company has a market capitalization of $22.27 billion, a P/E ratio of -328.74, a P/E/G ratio of 2.42 and a beta of 3.63. The company has a debt-to-equity ratio of 2.55, a current ratio of 11.47 and a quick ratio of 11.47. Affirm Holdings, Inc. has a 1-year low of $22.25 and a 1-year high of $82.53.

Affirm (NASDAQ:AFRM - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.09) by $0.10. The business had revenue of $783.14 million for the quarter, compared to the consensus estimate of $782.98 million. Affirm had a negative net margin of 2.07% and a negative return on equity of 2.22%. Affirm's quarterly revenue was up 35.9% on a year-over-year basis. During the same period last year, the firm posted ($0.43) earnings per share. Sell-side analysts forecast that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal 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.

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