Keith Rabois Sells 9,276 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois sold 9,276 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $29.89, for a total value of $277,259.64. Following the transaction, the director now owns 73,623 shares in the company, valued at approximately $2,200,591.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, May 1st, Keith Rabois sold 9,276 shares of Affirm stock. The stock was sold at an average price of $32.12, for a total value of $297,945.12.

Affirm Stock Performance

Shares of AFRM stock traded down $0.45 on Tuesday, reaching $29.38. The stock had a trading volume of 4,520,870 shares, compared to its average volume of 8,609,394. The company has a quick ratio of 12.94, a current ratio of 12.94 and a debt-to-equity ratio of 2.43. The firm’s 50-day moving average is $31.74 and its two-hundred day moving average is $36.93. The firm has a market capitalization of $9.08 billion, a price-to-earnings ratio of -13.17 and a beta of 3.45. Affirm Holdings, Inc. has a 12 month low of $12.81 and a 12 month high of $52.48.

Affirm (NASDAQ:AFRM) last issued its earnings results on Wednesday, May 8th. The company reported ($0.43) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.70) by $0.27. The company had revenue of $576.00 million for the quarter, compared to analysts’ expectations of $549.99 million. Affirm had a negative net margin of 32.17% and a negative return on equity of 22.06%. Affirm’s quarterly revenue was up 51.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.69) EPS. On average, research analysts expect that Affirm Holdings, Inc. will post -1.98 EPS for the current fiscal year.

Institutional Trading of Affirm

Large investors have recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in Affirm in the fourth quarter valued at approximately $1,698,000. Charles Schwab Investment Management Inc. raised its stake in shares of Affirm by 5.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,370,508 shares of the company’s stock valued at $67,347,000 after acquiring an additional 72,178 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in Affirm during the fourth quarter worth $1,816,000. Dimensional Fund Advisors LP raised its stake in Affirm by 6.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,622,592 shares of the company’s stock worth $128,895,000 after buying an additional 153,675 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Affirm by 1.2% during the third quarter. Vanguard Group Inc. now owns 18,737,059 shares of the company’s stock worth $398,537,000 after buying an additional 213,421 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on AFRM shares. JMP Securities began coverage on Affirm in a research note on Friday. They issued a “market perform” rating on the stock. JPMorgan Chase & Co. upgraded Affirm from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $41.00 to $43.00 in a research report on Thursday, May 9th. Royal Bank of Canada restated a “sector perform” rating and issued a $43.00 target price on shares of Affirm in a report on Friday, May 24th. Mizuho reaffirmed a “buy” rating and issued a $65.00 price target on shares of Affirm in a research note on Thursday, June 20th. Finally, BTIG Research initiated coverage on shares of Affirm in a research report on Friday, June 7th. They set a “neutral” rating on the stock. Five analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $32.66.

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.