Insider Selling: Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Sells 79,039 Shares of Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Robert O’hare sold 79,039 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $70.01, for a total value of $5,533,520.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Robert O’hare also recently made the following trade(s):

• On Friday, November 22nd, Robert O’hare sold 11,218 shares of Affirm stock. The shares were sold at an average price of $70.00, for a total transaction of $785,260.00.
• On Monday, November 11th, Robert O’hare sold 100,938 shares of Affirm stock. The stock was sold at an average price of $55.00, for a total transaction of $5,551,590.00.

Affirm Trading Up 4.2 %

AFRM stock traded up $2.80 during mid-day trading on Monday, reaching $69.35. 8,305,996 shares of the stock traded hands, compared to its average volume of 9,099,317. The stock’s fifty day moving average is $46.89 and its 200-day moving average is $36.76. The company has a market cap of $21.78 billion, a P/E ratio of -48.06 and a beta of 3.47. Affirm Holdings, Inc. has a 52-week low of $22.25 and a 52-week high of $70.20. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50.

Affirm (NASDAQ:AFRM) last posted its earnings results 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 net margin of 17.67% and a negative return on equity of 12.57%. The firm had revenue of $698.48 million during the quarter, compared to analysts’ expectations of $661.39 million. During the same period in the previous year, the company earned ($0.57) earnings per share. As a group, sell-side analysts expect that Affirm Holdings, Inc. will post -0.53 earnings per share for the current year.

Institutional Investors Weigh In On Affirm

Several hedge funds have recently modified their holdings of AFRM. ORG Wealth Partners LLC acquired a new stake in Affirm during the third quarter worth about $29,000. Ridgewood Investments LLC acquired a new position in shares of Affirm in the 2nd quarter valued at $27,000. Advisors Asset Management Inc. lifted its holdings in shares of Affirm by 168.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after acquiring an additional 671 shares during the period. Venturi Wealth Management LLC boosted its position in shares of Affirm by 200.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock valued at $45,000 after acquiring an additional 732 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased 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. 69.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on AFRM shares. The Goldman Sachs Group lifted their target price on shares of Affirm from $46.00 to $54.00 and gave the company a “buy” rating in a research report on Monday, October 14th. Mizuho boosted their price target on shares of Affirm from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Wells Fargo & Company increased their target price on Affirm from $52.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Royal Bank of Canada reissued a “sector perform” rating and issued a $46.00 price target on shares of Affirm in a research report on Friday, October 4th. Finally, Wedbush upgraded Affirm from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $25.00 to $45.00 in a research note on Monday, October 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $51.13.

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.