Affirm Holdings, Inc. (NASDAQ:AFRM) Insider Katherine Adkins Sells 200,000 Shares

Affirm Holdings, Inc. (NASDAQ:AFRM) insider Katherine Adkins sold 200,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $55.05, for a total transaction of $11,010,000.00. Following the sale, the insider now owns 93,545 shares of the company’s stock, valued at $5,149,652.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Katherine Adkins also recently made the following trade(s):

• On Wednesday, September 18th, Katherine Adkins sold 82,316 shares of Affirm stock. The stock was sold at an average price of $45.00, for a total value of $3,704,220.00.
• On Monday, September 16th, Katherine Adkins sold 6,084 shares of Affirm stock. The shares were sold at an average price of $45.00, for a total value of $273,780.00.

Affirm Price Performance

AFRM stock opened at $54.82 on Thursday. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50. The firm has a market cap of $17.06 billion, a price-to-earnings ratio of -38.61 and a beta of 3.47. The company’s fifty day simple moving average is $43.86 and its 200 day simple moving average is $35.38. Affirm Holdings, Inc. has a 12-month low of $22.25 and a 12-month high of $59.27.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.05. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. The company had revenue of $698.48 million for the quarter, compared to the consensus estimate of $661.39 million. During the same period in the previous year, the business earned ($0.57) EPS. On average, analysts expect that Affirm Holdings, Inc. will post -0.6 earnings per share for the current year.

Hedge Funds Weigh In On Affirm

A number of institutional investors and hedge funds have recently modified their holdings of AFRM. KBC Group NV boosted its position in shares of Affirm by 3.6% during the 3rd quarter. KBC Group NV now owns 6,331 shares of the company’s stock worth $258,000 after purchasing an additional 222 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in Affirm by 3.2% in the third quarter. CIBC Asset Management Inc now owns 7,520 shares of the company’s stock worth $307,000 after acquiring an additional 233 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Affirm by 82.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock valued at $36,000 after acquiring an additional 540 shares during the period. ORG Partners LLC increased its holdings in shares of Affirm by 80.0% during the second quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock valued at $37,000 after acquiring an additional 551 shares in the last quarter. Finally, Myecfo LLC raised its position in shares of Affirm by 5.0% during the third quarter. Myecfo LLC now owns 12,260 shares of the company’s stock worth $500,000 after purchasing an additional 589 shares during the period. 69.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AFRM has been the topic of several research reports. Wedbush upgraded shares of Affirm from an “underperform” rating to a “neutral” rating and upped their price target for the company from $25.00 to $45.00 in a research note on Monday, October 14th. Barclays lifted their price target on shares of Affirm from $50.00 to $54.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Susquehanna raised their price objective on Affirm from $52.00 to $57.00 and gave the stock a “positive” rating in a research note on Friday, November 8th. Morgan Stanley upgraded Affirm from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $22.00 to $37.00 in a research report on Wednesday, October 9th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $46.00 price target on shares of Affirm in a research report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $46.03.

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.