Insider Selling: Affirm Holdings, Inc. (NASDAQ:AFRM) President Sells 6,629 Shares of Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) President Libor Michalek sold 6,629 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $72.08, for a total transaction of $477,818.32. Following the completion of the sale, the president now directly owns 160,601 shares of the company’s stock, valued at $11,576,120.08. The trade was a 3.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Friday, November 29th, Libor Michalek sold 2,847 shares of Affirm stock. The shares were sold at an average price of $70.00, for a total transaction of $199,290.00.
• 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 value of $6,744,203.32.
• On Wednesday, November 20th, Libor Michalek sold 77,105 shares of Affirm stock. The shares were 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 Stock Performance

Shares of AFRM stock opened at $70.76 on Wednesday. The company has a market capitalization of $22.22 billion, a P/E ratio of -49.83 and a beta of 3.66. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $72.10. 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 50 day moving average price is $49.76 and its two-hundred day moving average price is $38.28.

Affirm (NASDAQ:AFRM) last released its quarterly 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. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. The firm had revenue of $698.48 million for the quarter, compared to the consensus estimate of $661.39 million. During the same quarter last year, the business posted ($0.57) EPS. On average, analysts expect that Affirm Holdings, Inc. will post -0.53 earnings per share for the current fiscal year.

Institutional Trading of Affirm

A number of institutional investors have recently made changes to their positions in AFRM. Ridgewood Investments LLC acquired a new position in Affirm during the second quarter valued at approximately $27,000. ORG Wealth Partners LLC acquired a new stake in shares of Affirm in the third quarter valued at approximately $29,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Affirm by 82.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock worth $36,000 after acquiring an additional 540 shares during the period. ORG Partners LLC increased its holdings in shares of Affirm by 80.0% during the 2nd quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock worth $37,000 after acquiring an additional 551 shares during the last quarter. Finally, Advisors Asset Management Inc. raised its stake in Affirm by 168.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock valued at $44,000 after acquiring an additional 671 shares during the period. Institutional investors own 69.29% of the company’s stock.

Analysts Set New Price Targets

AFRM has been the subject of several research analyst reports. Barclays increased their price objective on Affirm from $64.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, November 25th. Mizuho increased their price target on shares of Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Susquehanna boosted their price objective on shares of Affirm from $52.00 to $57.00 and gave the company 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 report on Friday, September 6th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $46.00 price target on shares of Affirm in a report on Friday, October 4th. 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 stock. According to MarketBeat, Affirm currently has an average rating of “Hold” and an average target price 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.