Affirm Holdings, Inc. (NASDAQ:AFRM) Director Sells $730,556.08 in Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois sold 16,088 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $45.41, for a total value of $730,556.08. Following the transaction, the director now owns 45,432 shares in the company, valued at approximately $2,063,067.12. This represents a 26.15 % 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.

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

• On Monday, March 3rd, Keith Rabois sold 16,088 shares of Affirm stock. The stock was sold at an average price of $63.97, for a total value of $1,029,149.36.
• On Monday, February 3rd, Keith Rabois sold 16,086 shares of Affirm stock. The shares were sold at an average price of $60.12, for a total transaction of $967,090.32.

Affirm Stock Performance

Shares of AFRM traded down $8.84 during mid-day trading on Thursday, reaching $38.91. 17,010,573 shares of the company’s stock were exchanged, compared to its average volume of 8,095,255. The business’s fifty day simple moving average is $59.24 and its 200-day simple moving average is $56.48. Affirm Holdings, Inc. has a 52-week low of $22.25 and a 52-week high of $82.53. The stock has a market capitalization of $12.38 billion, a PE ratio of -59.86 and a beta of 3.63. The company has a debt-to-equity ratio of 2.68, a current ratio of 11.26 and a quick ratio of 11.26.

Affirm (NASDAQ:AFRM) last released its earnings results on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.44. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. On average, equities research analysts expect that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. JMP Securities upped their target price on shares of Affirm from $78.00 to $85.00 and gave the company a “market outperform” rating in a research report on Friday, February 7th. UBS Group increased their price objective on shares of Affirm from $46.00 to $62.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft upped their price target on Affirm from $45.00 to $75.00 and gave the stock a “hold” rating in a research note on Monday, December 16th. Citizens Jmp raised shares of Affirm from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 20th. Finally, Susquehanna cut shares of Affirm from a “positive” rating to a “neutral” rating and set a $57.00 price objective for the company. in a report on Tuesday, January 21st. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $69.76.

Institutional Investors Weigh In On Affirm

Institutional investors and hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its stake in Affirm by 6.2% in the third quarter. The Manufacturers Life Insurance Company now owns 54,782 shares of the company’s stock valued at $2,236,000 after purchasing an additional 3,194 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Affirm by 17.8% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 58,306 shares of the company’s stock valued at $2,380,000 after acquiring an additional 8,826 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Affirm by 37.6% in the third quarter. HighTower Advisors LLC now owns 62,811 shares of the company’s stock worth $2,566,000 after acquiring an additional 17,153 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Affirm by 8.7% in the third quarter. Janus Henderson Group PLC now owns 110,282 shares of the company’s stock valued at $4,502,000 after purchasing an additional 8,782 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new position in Affirm during the third quarter worth approximately $414,000. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

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.