Affirm Holdings, Inc. (NASDAQ:AFRM) Director Sells $967,090.32 in Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois sold 16,086 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $60.12, for a total transaction of $967,090.32. Following the completion of the sale, the director now owns 77,608 shares of the company’s stock, valued at $4,665,792.96. This trade represents a 17.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Keith Rabois also recently made the following trade(s):

• On Thursday, January 2nd, Keith Rabois sold 16,086 shares of Affirm stock. The shares were sold at an average price of $62.32, for a total transaction of $1,002,479.52.
• On Thursday, December 12th, Keith Rabois sold 16,086 shares of Affirm stock. The shares were sold at an average price of $68.98, for a total transaction of $1,109,612.28.

Affirm Trading Down 0.6 %

AFRM stock traded down $0.35 during midday trading on Tuesday, reaching $59.53. 4,386,458 shares of the company’s stock traded hands, compared to its average volume of 5,215,073. The company has a market capitalization of $18.70 billion, a P/E ratio of -41.92 and a beta of 3.66. The company has a debt-to-equity ratio of 2.50, a current ratio of 12.60 and a quick ratio of 12.60. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $73.34. The business has a 50-day moving average price of $63.36 and a two-hundred day moving average price of $48.46.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.05. The business had revenue of $698.48 million for the quarter, compared to analysts’ expectations of $661.39 million. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.57%. During the same period in the previous year, the company posted ($0.57) earnings per share. Equities research analysts forecast that Affirm Holdings, Inc. will post -0.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AFRM has been the subject of several recent research reports. Wedbush upgraded shares of Affirm from an “underperform” rating to a “neutral” rating and raised their target price for the company from $25.00 to $45.00 in a report on Monday, October 14th. The Goldman Sachs Group raised their target price on shares of Affirm from $57.00 to $78.00 and gave the company a “buy” rating in a report on Monday, December 2nd. Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a report on Wednesday, January 22nd. BTIG Research upgraded shares of Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price target for the company in a report on Tuesday, October 8th. Finally, Bank of America lifted their price target on shares of Affirm from $50.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $62.88.

Institutional Trading of Affirm

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Artemis Investment Management LLP bought a new stake in Affirm during the third quarter valued at $30,808,000. Holocene Advisors LP bought a new stake in Affirm during the third quarter valued at $27,872,000. Charles Schwab Investment Management Inc. grew its position in shares of Affirm by 44.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,203,210 shares of the company’s stock worth $89,935,000 after acquiring an additional 672,883 shares during the last quarter. Bank of Montreal Can grew its position in shares of Affirm by 269.7% during the third quarter. Bank of Montreal Can now owns 724,336 shares of the company’s stock worth $29,814,000 after acquiring an additional 528,400 shares during the last quarter. Finally, Atreides Management LP bought a new position in shares of Affirm during the third quarter worth about $20,404,000. Institutional investors own 69.29% of the company’s stock.

About Affirm

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.