Insider Selling: Affirm Holdings, Inc. (NASDAQ:AFRM) President Sells 2,847 Shares of Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) President Libor Michalek sold 2,847 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $70.00, for a total transaction of $199,290.00. Following the sale, the president now owns 159,449 shares of the company’s stock, valued at approximately $11,161,430. This represents a 1.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Libor Michalek also recently made the following trade(s):

• On Monday, December 2nd, Libor Michalek sold 6,629 shares of Affirm stock. The shares were sold at an average price of $72.08, for a total value of $477,818.32.
• On Friday, November 22nd, Libor Michalek sold 100,821 shares of Affirm stock. The shares were sold at an average price of $68.11, for a total value of $6,866,918.31.
• On Monday, November 25th, Libor Michalek sold 96,332 shares of Affirm stock. The shares were sold at an average price of $70.01, for a total transaction of $6,744,203.32.
• On Wednesday, November 20th, Libor Michalek sold 77,105 shares of Affirm stock. The stock was sold at an average price of $64.08, for a total transaction of $4,940,888.40.
• On Monday, November 18th, Libor Michalek sold 100,000 shares of Affirm stock. The shares were sold at an average price of $62.00, for a total transaction of $6,200,000.00.

Affirm Price Performance

Shares of NASDAQ:AFRM opened at $70.76 on Wednesday. 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 firm has a market cap of $22.22 billion, a price-to-earnings ratio of -49.83 and a beta of 3.66. The business has a 50-day simple moving average of $49.76 and a two-hundred day simple moving average of $38.28. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $72.10.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.05. The business had revenue of $698.48 million during the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm posted ($0.57) EPS. On average, analysts expect that Affirm Holdings, Inc. will post -0.53 earnings per share for the current year.

Hedge Funds Weigh In On Affirm

A number of institutional investors and hedge funds have recently made changes to their positions in AFRM. ORG Wealth Partners LLC purchased a new stake in Affirm during the third quarter valued at approximately $29,000. Ridgewood Investments LLC purchased a new stake in shares of Affirm in the 2nd quarter worth $27,000. Advisors Asset Management Inc. raised its holdings in Affirm by 168.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after purchasing an additional 671 shares during the period. Venturi Wealth Management LLC lifted its position in Affirm by 200.5% during the third quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock valued at $45,000 after purchasing an additional 732 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in Affirm by 82.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock worth $36,000 after buying an additional 540 shares in the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Barclays upped their target price on Affirm from $64.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, November 25th. JPMorgan Chase & Co. raised their price objective on Affirm from $56.00 to $74.00 and gave the company an “overweight” rating in a research report on Monday. Susquehanna upped their target price on shares of Affirm from $52.00 to $57.00 and gave the stock a “positive” rating in a research report on Friday, November 8th. Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a research note on Friday, September 6th. Finally, BTIG Research raised shares of Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Tuesday, October 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Affirm has an average rating of “Hold” and a consensus price target of $55.33.

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.