This afternoon we watched Affirm rise 13.5% to a price of $33.9 per share. The Large-Cap Diversified Financial company is now trading -5.1% below its average target price of $35.72. Analysts have set target prices ranging from $20.0 to $65.0 per share for Affirm, and have given the stock an average rating of hold.
The stock has an above average percentage of its shares sold short at 12.9%, and a short ratio of 4.03. The company's insiders own 4.83% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 83.0% of Affirm's shares being owned by this investor type.
Institutions Invested in Affirm
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Morgan Stanley | 12% | 30,569,187 | $1,036,225,168 |
| 2024-03-31 | Vanguard Group Inc | 8% | 20,823,803 | $705,879,053 |
| 2024-03-31 | Capital Research Global Investors | 7% | 19,419,985 | $658,292,850 |
| 2024-03-31 | Capital World Investors | 7% | 19,079,071 | $646,736,649 |
| 2024-03-31 | Baillie Gifford and Company | 7% | 18,732,407 | $634,985,536 |
| 2024-03-31 | Blackrock Inc. | 4% | 9,965,847 | $337,819,304 |
| 2024-03-31 | Shaw D.E. & Co., Inc. | 3% | 9,071,991 | $307,519,640 |
| 2024-03-31 | Geode Capital Management, LLC | 1% | 3,821,486 | $129,539,590 |
| 2024-03-31 | State Street Corporation | 1% | 3,760,116 | $127,459,288 |
| 2024-03-31 | Two Sigma Advisers, LP | 1% | 3,556,500 | $120,557,174 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Affirm.
