Insider Selling: Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Sells 100,938 Shares of Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Robert O’hare sold 100,938 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $55.00, for a total transaction of $5,551,590.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Affirm Price Performance

AFRM stock opened at $54.82 on Thursday. The firm has a 50-day moving average of $43.86 and a 200 day moving average of $35.38. The company has a debt-to-equity ratio of 2.50, a current ratio of 12.60 and a quick ratio of 12.60. The company has a market cap of $17.06 billion, a P/E ratio of -38.61 and a beta of 3.47. Affirm Holdings, Inc. has a 1 year low of $22.25 and a 1 year high of $59.27.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, topping the consensus estimate 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 business had revenue of $698.48 million for the quarter, compared to analyst estimates of $661.39 million. During the same quarter in the previous year, the firm posted ($0.57) earnings per share. On average, sell-side analysts forecast that Affirm Holdings, Inc. will post -0.6 EPS for the current year.

Institutional Investors Weigh In On Affirm

A number of institutional investors have recently modified their holdings of AFRM. KBC Group NV lifted its position in Affirm by 3.6% in the 3rd quarter. KBC Group NV now owns 6,331 shares of the company’s stock valued at $258,000 after acquiring an additional 222 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Affirm by 3.2% in the third quarter. CIBC Asset Management Inc now owns 7,520 shares of the company’s stock worth $307,000 after acquiring an additional 233 shares during the period. Allspring Global Investments Holdings LLC increased its position in Affirm by 82.4% during 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 last quarter. ORG Partners LLC boosted its position in Affirm by 80.0% in the second quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock worth $37,000 after purchasing an additional 551 shares during the last quarter. Finally, Myecfo LLC grew its stake in shares of Affirm by 5.0% during the 3rd quarter. Myecfo LLC now owns 12,260 shares of the company’s stock valued at $500,000 after purchasing an additional 589 shares during the period. 69.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AFRM. Bank of America upped their target price on shares of Affirm from $36.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Morgan Stanley upgraded Affirm from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $22.00 to $37.00 in a research report on Wednesday, October 9th. JPMorgan Chase & Co. boosted their price objective on shares of Affirm from $47.00 to $56.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Mizuho reaffirmed an “outperform” rating and set a $65.00 target price on shares of Affirm in a report on Tuesday, August 27th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Affirm in a research note on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $46.03.

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.