Katherine Adkins Sells 82,316 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) insider Katherine Adkins sold 82,316 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $45.00, for a total value of $3,704,220.00. Following the completion of the sale, the insider now owns 91,499 shares of the company’s stock, valued at $4,117,455. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Katherine Adkins also recently made the following trade(s):

• On Monday, September 16th, Katherine Adkins sold 6,084 shares of Affirm stock. The stock was sold at an average price of $45.00, for a total value of $273,780.00.

Affirm Price Performance

Shares of NASDAQ AFRM opened at $44.98 on Friday. The firm has a market cap of $13.90 billion, a P/E ratio of -20.28 and a beta of 3.51. The company has a current ratio of 13.07, a quick ratio of 13.07 and a debt-to-equity ratio of 2.41. Affirm Holdings, Inc. has a 1-year low of $15.97 and a 1-year high of $52.48. The business’s 50 day moving average is $32.40 and its 200-day moving average is $32.61.

Hedge Funds Weigh In On Affirm

A number of large investors have recently made changes to their positions in AFRM. Vanguard Group Inc. increased its stake in Affirm by 6.8% during the 1st quarter. Vanguard Group Inc. now owns 20,823,803 shares of the company’s stock worth $775,895,000 after acquiring an additional 1,316,901 shares during the period. Capital World Investors increased its stake in Affirm by 0.4% during the 1st quarter. Capital World Investors now owns 19,079,071 shares of the company’s stock worth $710,886,000 after acquiring an additional 77,050 shares during the period. Baillie Gifford & Co. increased its stake in Affirm by 4.2% during the 1st quarter. Baillie Gifford & Co. now owns 18,732,407 shares of the company’s stock worth $697,969,000 after acquiring an additional 749,368 shares during the period. Dragoneer Investment Group LLC bought a new position in Affirm during the 2nd quarter worth $45,219,000. Finally, Norges Bank bought a new position in Affirm during the 4th quarter worth $67,310,000. Institutional investors own 69.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AFRM. Mizuho reiterated an “outperform” rating and set a $65.00 price objective on shares of Affirm in a report on Tuesday, August 27th. Wedbush increased their price objective on Affirm from $20.00 to $25.00 and gave the stock an “underperform” rating in a report on Thursday, August 29th. Royal Bank of Canada increased their price objective on Affirm from $43.00 to $46.00 and gave the stock a “sector perform” rating in a report on Thursday, August 29th. JPMorgan Chase & Co. increased their price target on Affirm from $43.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Finally, Bank of America increased their price target on Affirm from $36.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $34.32.

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.