Affirm Holdings, Inc. (NASDAQ:AFRM) Insider Katherine Adkins Sells 6,084 Shares of Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) insider Katherine Adkins sold 6,084 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $45.00, for a total transaction of $273,780.00. Following the transaction, the insider now owns 122,069 shares of the company’s stock, valued at $5,493,105. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

• On Wednesday, September 18th, Katherine Adkins sold 82,316 shares of Affirm stock. The shares were sold at an average price of $45.00, for a total value of $3,704,220.00.

Affirm Trading Up 0.6 %

AFRM traded up $0.28 during trading on Wednesday, hitting $44.28. The company’s stock had a trading volume of 12,450,272 shares, compared to its average volume of 8,686,044. The firm has a market capitalization of $13.69 billion, a P/E ratio of -19.86 and a beta of 3.51. Affirm Holdings, Inc. has a twelve month low of $15.97 and a twelve month high of $52.48. The stock’s fifty day moving average price is $32.08 and its 200-day moving average price is $32.53. The company has a quick ratio of 13.07, a current ratio of 13.07 and a debt-to-equity ratio of 2.41.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Dragoneer Investment Group LLC bought a new position in Affirm in the second quarter worth approximately $45,219,000. Norges Bank bought a new position in shares of Affirm in the 4th quarter worth $67,310,000. Vanguard Group Inc. grew its position in Affirm by 6.8% in the 1st quarter. Vanguard Group Inc. now owns 20,823,803 shares of the company’s stock valued at $775,895,000 after purchasing an additional 1,316,901 shares during the period. Leo Wealth LLC acquired a new stake in Affirm in the 4th quarter valued at $57,647,000. Finally, 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 valued at $697,969,000 after purchasing an additional 749,368 shares in the last quarter. 69.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AFRM. Royal Bank of Canada upped their target price on Affirm from $43.00 to $46.00 and gave the stock a “sector perform” rating in a report on Thursday, August 29th. Mizuho reaffirmed an “outperform” rating and issued a $65.00 price objective on shares of Affirm in a research note on Tuesday, August 27th. Barclays lifted their target price on shares of Affirm from $41.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Wedbush upped their price target on shares of Affirm from $20.00 to $25.00 and gave the company an “underperform” rating in a research report on Thursday, August 29th. Finally, JMP Securities began coverage on shares of Affirm in a research note on Friday, June 28th. They set a “market perform” rating for the company. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently 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.