Affirm Holdings, Inc. (NASDAQ:AFRM) Director Sells $1,002,479.52 in Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois sold 16,086 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $62.32, for a total value of $1,002,479.52. Following the completion of the sale, the director now owns 93,694 shares of the company’s stock, valued at approximately $5,839,010.08. The trade was a 14.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, December 12th, Keith Rabois sold 16,086 shares of Affirm stock. The shares were sold at an average price of $68.98, for a total value of $1,109,612.28.

Affirm Trading Up 6.4 %

Shares of AFRM opened at $66.50 on Monday. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $73.34. The company has a debt-to-equity ratio of 2.50, a quick ratio of 12.60 and a current ratio of 12.60. The company’s fifty day moving average is $61.37 and its 200 day moving average is $44.34. The stock has a market capitalization of $20.88 billion, a PE ratio of -46.83 and a beta of 3.66.

Affirm (NASDAQ:AFRM) last announced its earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.36) by $0.05. The firm had revenue of $698.48 million for the quarter, compared to analysts’ expectations of $661.39 million. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.57%. During the same period in the prior year, the company earned ($0.57) EPS. Sell-side analysts expect that Affirm Holdings, Inc. will post -0.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AFRM. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $46.00 price target on shares of Affirm in a report on Friday, October 4th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Affirm from $45.00 to $75.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Bank of America increased their price target on Affirm from $50.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Mizuho boosted their price objective on Affirm from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Finally, Wedbush upgraded Affirm from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $25.00 to $45.00 in a research report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $60.94.

Institutional Investors Weigh In On Affirm

Several hedge funds and other institutional investors have recently made changes to their positions in AFRM. Bank of New York Mellon Corp lifted its stake in Affirm by 25.6% in the second quarter. Bank of New York Mellon Corp now owns 866,946 shares of the company’s stock worth $26,190,000 after purchasing an additional 176,675 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Affirm by 82.4% in the 2nd 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. Commonwealth Equity Services LLC increased its stake in Affirm by 5.7% in the second quarter. Commonwealth Equity Services LLC now owns 12,548 shares of the company’s stock worth $379,000 after purchasing an additional 680 shares during the period. CIBC Asset Management Inc lifted its position in shares of Affirm by 29.3% during the second quarter. CIBC Asset Management Inc now owns 7,287 shares of the company’s stock worth $220,000 after purchasing an additional 1,650 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in shares of Affirm by 2.7% during the second quarter. Rhumbline Advisers now owns 235,895 shares of the company’s stock valued at $7,126,000 after purchasing an additional 6,185 shares during the period. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Affirm Company Profile

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.