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 shares were sold at an average price of $40.02, for a total value of $576,288.00. Following the completion of the transaction, the director now owns 141,903 shares in the company, valued at approximately $5,678,958.06. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Affirm Trading Up 5.4 %

Shares of Affirm stock traded up $2.27 on Friday, reaching $44.01. 13,263,618 shares of the company’s stock were exchanged, compared to its average volume of 8,655,935. The company has a market capitalization of $13.69 billion, a P/E ratio of -19.74 and a beta of 3.51. Affirm Holdings, Inc. has a 52 week low of $15.97 and a 52 week high of $52.48. The company has a debt-to-equity ratio of 2.41, a quick ratio of 13.07 and a current ratio of 13.07. The firm’s 50-day moving average is $31.14 and its two-hundred day moving average is $32.47.

Institutional Trading of Affirm

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Affirm by 6.8% in the 1st quarter. Vanguard Group Inc. now owns 20,823,803 shares of the company’s stock worth $775,895,000 after purchasing an additional 1,316,901 shares in the last quarter. Capital World Investors lifted its stake in shares of Affirm by 0.4% in the first quarter. Capital World Investors now owns 19,079,071 shares of the company’s stock valued at $710,886,000 after buying an additional 77,050 shares in the last quarter. Baillie Gifford & Co. grew its holdings in shares of Affirm by 4.2% during the first quarter. Baillie Gifford & Co. now owns 18,732,407 shares of the company’s stock valued at $697,969,000 after buying an additional 749,368 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Affirm by 6.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,622,592 shares of the company’s stock worth $128,895,000 after acquiring an additional 153,675 shares in the last quarter. Finally, Dragoneer Investment Group LLC acquired a new stake in shares of Affirm in the 2nd quarter worth about $45,219,000. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on AFRM. BTIG Research initiated coverage on Affirm in a research report on Friday, June 7th. They issued a “neutral” rating on the stock. JMP Securities began coverage on shares of Affirm in a research report on Friday, June 28th. They set a “market perform” rating for the company. JPMorgan Chase & Co. raised their target price on shares of Affirm from $43.00 to $45.00 and gave the company an “overweight” rating in a research report on Tuesday, August 20th. Barclays boosted their price objective on Affirm from $41.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Affirm in a research note on Friday, September 6th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.