Affirm Holdings, Inc. (NASDAQ:AFRM) President Libor Michalek Sells 93,371 Shares

Affirm Holdings, Inc. (NASDAQ:AFRM) President Libor Michalek sold 93,371 shares of Affirm stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $72.00, for a total transaction of $6,722,712.00. Following the completion of the transaction, the president now directly owns 160,601 shares of the company’s stock, valued at $11,563,272. The trade was a 36.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Friday, November 29th, Libor Michalek sold 2,847 shares of Affirm stock. The stock was sold at an average price of $70.00, for a total value of $199,290.00.
• 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 stock was 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 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 value of $6,200,000.00.

Affirm Stock Performance

Affirm stock opened at $71.88 on Friday. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $72.82. The stock has a fifty day moving average price of $52.01 and a 200 day moving average price of $39.25. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50. The firm has a market capitalization of $22.57 billion, a P/E ratio of -50.62 and a beta of 3.66.

Affirm (NASDAQ:AFRM) last issued its earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, topping 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 business had revenue of $698.48 million for the quarter, compared to analyst estimates of $661.39 million. During the same period last year, the company posted ($0.57) EPS. Equities research analysts anticipate that Affirm Holdings, Inc. will post -0.53 earnings per share for the current year.

Hedge Funds Weigh In On Affirm

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Ridgewood Investments LLC bought a new position in Affirm during the 2nd quarter worth approximately $27,000. ORG Wealth Partners LLC acquired a new position in Affirm during the 3rd quarter valued at approximately $29,000. Allspring Global Investments Holdings LLC grew its position in shares of Affirm by 82.4% during the second 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 last quarter. ORG Partners LLC boosted its stake in Affirm by 80.0% during the 2nd quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock valued at $37,000 after purchasing an additional 551 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in shares of Affirm by 168.2% during the third quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after buying an additional 671 shares during the period. 69.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on AFRM. The Goldman Sachs Group raised their price target on shares of Affirm from $57.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. Wells Fargo & Company upped their price target on Affirm from $52.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Wedbush raised Affirm from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $25.00 to $45.00 in a research report on Monday, October 14th. Barclays raised their target price on shares of Affirm from $64.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, November 25th. Finally, BTIG Research raised shares of Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Tuesday, October 8th. One research 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 data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $55.33.

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.