Zurcher Kantonalbank Zurich Cantonalbank Acquires 5,106 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Affirm Holdings, Inc. (NASDAQ:AFRM) by 12.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,464 shares of the company’s stock after buying an additional 5,106 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Affirm were worth $2,283,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in AFRM. Planned Solutions Inc. purchased a new stake in Affirm in the 4th quarter valued at $25,000. Creative Financial Designs Inc. ADV raised its holdings in shares of Affirm by 82.2% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 665 shares of the company’s stock valued at $33,000 after purchasing an additional 300 shares during the last quarter. Whittier Trust Co. lifted its position in shares of Affirm by 9,900.0% during the fourth quarter. Whittier Trust Co. now owns 1,500 shares of the company’s stock valued at $74,000 after purchasing an additional 1,485 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Affirm during the fourth quarter worth about $135,000. Finally, Diversified Trust Co bought a new stake in Affirm in the 4th quarter worth about $228,000. 69.29% of the stock is owned by institutional investors.

Affirm Stock Up 2.5 %

AFRM stock opened at $32.76 on Wednesday. The stock has a 50-day simple moving average of $35.71 and a two-hundred day simple moving average of $34.94. Affirm Holdings, Inc. has a twelve month low of $8.80 and a twelve month high of $52.48. The firm has a market capitalization of $10.05 billion, a PE ratio of -13.16 and a beta of 3.58. The company has a quick ratio of 11.49, a current ratio of 11.49 and a debt-to-equity ratio of 2.35.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Thursday, February 8th. The company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.08. Affirm had a negative net margin of 39.19% and a negative return on equity of 25.10%. The company had revenue of $591.11 million during the quarter, compared to analysts’ expectations of $523.92 million. On average, equities analysts predict that Affirm Holdings, Inc. will post -2.45 EPS for the current fiscal year.

Insider Buying and Selling

In other Affirm news, Director Keith Rabois sold 9,276 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $34.39, for a total value of $319,001.64. Following the transaction, the director now directly owns 78,552 shares in the company, valued at approximately $2,701,403.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.05% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on AFRM. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Affirm in a research report on Tuesday. Barclays reduced their price objective on Affirm from $50.00 to $41.00 and set an “overweight” rating for the company in a research note on Tuesday, April 16th. The Goldman Sachs Group lifted their target price on Affirm from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, February 9th. BMO Capital Markets increased their price target on shares of Affirm from $44.00 to $47.00 and gave the company a “market perform” rating in a research report on Monday, February 12th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Affirm in a research report on Tuesday. Six equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Affirm currently has a consensus rating of “Hold” and a consensus target price of $27.86.

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.