Katherine Adkins Sells 200,000 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) insider Katherine Adkins sold 200,000 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $55.05, for a total transaction of $11,010,000.00. Following the completion of the transaction, the insider now directly owns 93,545 shares in the company, valued at $5,149,652.25. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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 transaction of $3,704,220.00.
• On Monday, September 16th, Katherine Adkins sold 6,084 shares of Affirm stock. The stock was sold at an average price of $45.00, for a total transaction of $273,780.00.

Affirm Trading Down 4.8 %

Shares of AFRM traded down $2.77 on Wednesday, hitting $54.82. 12,667,011 shares of the stock traded hands, compared to its average volume of 9,004,806. 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 stock’s 50 day moving average is $43.57 and its two-hundred day moving average is $35.24. Affirm Holdings, Inc. has a 1 year low of $22.25 and a 1 year high of $59.27.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.36) by $0.05. The business had revenue of $698.48 million for the quarter, compared to analysts’ expectations 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 last year, the firm earned ($0.57) earnings per share. On average, research analysts predict that Affirm Holdings, Inc. will post -0.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AFRM. The Goldman Sachs Group increased their target price on Affirm from $46.00 to $54.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. 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 report on Monday, October 14th. Wells Fargo & Company upped their price target on shares of Affirm from $52.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Susquehanna boosted their price objective on shares of Affirm from $52.00 to $57.00 and gave the stock a “positive” rating in a report on Friday, November 8th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $46.00 target price on shares of Affirm in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Affirm currently has a consensus rating of “Hold” and an average target price of $46.03.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dragoneer Investment Group LLC acquired a new position in shares of Affirm in the 2nd quarter valued at about $45,219,000. Vanguard Group Inc. lifted its position in Affirm by 6.8% during the first quarter. Vanguard Group Inc. now owns 20,823,803 shares of the company’s stock valued at $775,895,000 after buying an additional 1,316,901 shares in the last quarter. Artemis Investment Management LLP purchased a new stake in Affirm during the third quarter worth approximately $30,808,000. Charles Schwab Investment Management Inc. increased its position in shares of Affirm by 44.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,203,210 shares of the company’s stock worth $89,935,000 after acquiring an additional 672,883 shares in the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new position in shares of Affirm in the 1st quarter valued at $20,150,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

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.