Affirm Holdings, Inc. (NASDAQ:AFRM) Director Sells $576,288.00 in Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Christa S. Quarles sold 14,400 shares of Affirm stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $40.02, for a total transaction of $576,288.00. Following the transaction, the director now directly owns 141,903 shares of the company’s stock, valued at approximately $5,678,958.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Affirm Price Performance

Shares of NASDAQ:AFRM opened at $44.01 on Monday. The company has a current ratio of 13.07, a quick ratio of 13.07 and a debt-to-equity ratio of 2.41. The stock has a market cap of $13.60 billion, a PE ratio of -19.74 and a beta of 3.51. The stock’s fifty day simple moving average is $31.45 and its two-hundred day simple moving average is $32.44. Affirm Holdings, Inc. has a 1-year low of $15.97 and a 1-year high of $52.48.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AFRM. Needham & Company LLC reissued a “hold” rating on shares of Affirm in a research report on Friday, September 6th. BTIG Research assumed coverage on Affirm in a research note on Friday, June 7th. They issued a “neutral” rating on the stock. Wedbush raised their price objective on shares of Affirm from $20.00 to $25.00 and gave the stock an “underperform” rating in a research report on Thursday, August 29th. JMP Securities started coverage on shares of Affirm in a research report on Friday, June 28th. They set a “market perform” rating on the stock. Finally, Bank of America raised their price target on shares of Affirm from $36.00 to $42.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $34.32.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Global Wealth Strategies & Associates grew its position in Affirm by 94.0% in the 1st quarter. Global Wealth Strategies & Associates now owns 970 shares of the company’s stock worth $36,000 after purchasing an additional 470 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Affirm by 82.4% in 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 in the last quarter. ORG Partners LLC increased its position in shares of Affirm by 80.0% during the second quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock valued at $37,000 after acquiring an additional 551 shares during the last quarter. Raleigh Capital Management Inc. bought a new stake in Affirm during the fourth quarter worth $33,000. Finally, Myecfo LLC boosted its position in Affirm by 6.1% in the second quarter. Myecfo LLC now owns 11,671 shares of the company’s stock worth $353,000 after purchasing an additional 676 shares during the last quarter. 69.29% of the stock is owned by institutional investors.

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.