Robert O’hare Sells 11,218 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Robert O’hare sold 11,218 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $70.00, for a total transaction of $785,260.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, November 25th, Robert O’hare sold 79,039 shares of Affirm stock. The stock was sold at an average price of $70.01, for a total value of $5,533,520.39.
• On Monday, November 11th, Robert O’hare sold 100,938 shares of Affirm stock. The shares were sold at an average price of $55.00, for a total value of $5,551,590.00.

Affirm Stock Up 4.2 %

NASDAQ AFRM traded up $2.80 on Monday, hitting $69.35. The stock had a trading volume of 8,305,996 shares, compared to its average volume of 9,099,317. The business’s fifty day moving average price is $46.89 and its 200 day moving average price is $36.76. The stock has a market cap of $21.78 billion, a price-to-earnings ratio of -48.06 and a beta of 3.47. 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 52-week low of $22.25 and a 52-week high of $70.20.

Affirm (NASDAQ:AFRM) last announced its earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, topping the consensus estimate 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 firm 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. Equities research analysts anticipate that Affirm Holdings, Inc. will post -0.53 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AFRM shares. Wedbush raised shares of Affirm from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $25.00 to $45.00 in a research note on Monday, October 14th. Morgan Stanley raised shares of Affirm from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $22.00 to $37.00 in a research report on Wednesday, October 9th. Barclays boosted their price target on Affirm from $64.00 to $75.00 and gave the company an “overweight” rating in a report on Monday. Royal Bank of Canada restated a “sector perform” rating and set a $46.00 price objective on shares of Affirm in a report on Friday, October 4th. Finally, Bank of America upped their target price on Affirm from $50.00 to $74.00 and gave the stock a “buy” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $51.13.

Hedge Funds Weigh In On Affirm

Several hedge funds have recently modified their holdings of AFRM. Spyglass Capital Management LLC raised its holdings in shares of Affirm by 9.3% in the third quarter. Spyglass Capital Management LLC now owns 2,348,095 shares of the company’s stock worth $95,849,000 after buying an additional 200,449 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Affirm by 44.0% in the 3rd 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. Dragoneer Investment Group LLC purchased a new position in Affirm in the 2nd quarter worth $45,219,000. Bank of New York Mellon Corp lifted its position in Affirm by 25.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 866,946 shares of the company’s stock worth $26,190,000 after acquiring an additional 176,675 shares during the period. Finally, Artemis Investment Management LLP purchased a new stake in Affirm during the 3rd quarter valued at about $30,808,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

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.