Affirm Holdings, Inc. (NASDAQ:AFRM) Director Noel Bertram Watson Sells 2,500 Shares

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Noel Bertram Watson sold 2,500 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $72.05, for a total transaction of $180,125.00. Following the sale, the director now directly owns 41,497 shares of the company’s stock, valued at approximately $2,989,858.85. This represents a 5.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Affirm Stock Performance

Affirm stock opened at $63.34 on Thursday. The firm has a market capitalization of $19.89 billion, a P/E ratio of -44.61 and a beta of 3.66. The stock has a fifty day moving average price of $56.66 and a two-hundred day moving average price of $41.50. Affirm Holdings, Inc. has a 52-week low of $22.25 and a 52-week high of $73.34. 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 (NASDAQ:AFRM) last announced its earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.05. The business had revenue of $698.48 million during 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 quarter last year, the company posted ($0.57) EPS. As a group, analysts anticipate that Affirm Holdings, Inc. will post -0.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of AFRM. Bank of Montreal Can raised its position in Affirm by 2,305.3% in the 2nd quarter. Bank of Montreal Can now owns 195,936 shares of the company’s stock valued at $6,466,000 after purchasing an additional 187,790 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Affirm in the third quarter valued at $1,419,000. Quest Partners LLC bought a new position in shares of Affirm in the third quarter valued at about $391,000. International Assets Investment Management LLC acquired a new position in Affirm during the 3rd quarter worth about $731,000. Finally, Entropy Technologies LP bought a new stake in Affirm during the 3rd quarter worth about $464,000. 69.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AFRM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of Affirm from $56.00 to $74.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. Deutsche Bank Aktiengesellschaft increased their target price on Affirm from $45.00 to $75.00 and gave the company a “hold” rating in a research note on Monday. BTIG Research raised Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price target on the stock in a research report on Tuesday, October 8th. Royal Bank of Canada reissued a “sector perform” rating and issued a $46.00 price objective on shares of Affirm in a research report on Friday, October 4th. Finally, Wells Fargo & Company boosted their target price on shares of Affirm from $52.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $59.80.

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.