Affirm Holdings, Inc. (NASDAQ:AFRM) Short Interest Update

Affirm Holdings, Inc. (NASDAQ:AFRM) saw a large drop in short interest in October. As of October 31st, there was short interest totalling 18,340,000 shares, a drop of 5.3% from the October 15th total of 19,370,000 shares. Currently, 7.2% of the company’s stock are sold short. Based on an average daily volume of 10,770,000 shares, the short-interest ratio is presently 1.7 days.

Insider Buying and Selling

In other Affirm news, CFO Robert O’hare sold 100,938 shares of the firm’s stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Christa S. Quarles sold 14,400 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $40.02, for a total value of $576,288.00. Following the transaction, the director now owns 141,903 shares in the company, valued at approximately $5,678,958.06. This trade represents a 9.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 403,738 shares of company stock worth $21,115,878 in the last ninety days. Corporate insiders own 12.41% of the company’s stock.

Institutional Trading of Affirm

A number of large investors have recently modified their holdings of the business. Arete Wealth Advisors LLC bought a new stake in shares of Affirm during the 3rd quarter valued at about $244,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Affirm during the 3rd quarter valued at about $1,618,000. Main Management ETF Advisors LLC bought a new stake in shares of Affirm during the 3rd quarter valued at about $2,629,000. XTX Topco Ltd boosted its position in shares of Affirm by 25.5% during the 3rd quarter. XTX Topco Ltd now owns 54,032 shares of the company’s stock valued at $2,206,000 after acquiring an additional 10,970 shares during the last quarter. Finally, National Bank of Canada FI boosted its position in shares of Affirm by 127.3% during the 3rd quarter. National Bank of Canada FI now owns 4,410 shares of the company’s stock valued at $180,000 after acquiring an additional 2,470 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.

Affirm Stock Up 10.5 %

AFRM stock opened at $62.06 on Tuesday. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50. The firm has a market capitalization of $19.49 billion, a PE ratio of -43.70 and a beta of 3.47. Affirm has a twelve month low of $22.25 and a twelve month high of $62.88. The stock has a 50-day simple moving average of $44.96 and a two-hundred day simple moving average of $35.90.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.05. The business had revenue of $698.48 million during the quarter, compared to analyst estimates of $661.39 million. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. During the same quarter in the previous year, the firm earned ($0.57) EPS. On average, equities analysts predict that Affirm will post -0.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AFRM has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Affirm in a research report on Friday, September 6th. Morgan Stanley raised Affirm from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $22.00 to $37.00 in a research report on Wednesday, October 9th. Barclays raised their target price on Affirm from $54.00 to $64.00 and gave the company an “overweight” rating in a research report on Monday. Mizuho reaffirmed an “outperform” rating and set a $65.00 target price on shares of Affirm in a research report on Tuesday, August 27th. Finally, Wedbush raised Affirm from an “underperform” rating to a “neutral” rating and raised their target price for the company from $25.00 to $45.00 in a research report on Monday, October 14th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Affirm currently has an average rating of “Hold” and a consensus target price of $46.62.

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.