Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Robert O’hare Sells 6,541 Shares

Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Robert O’hare sold 6,541 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $62.28, for a total transaction of $407,373.48. Following the completion of the sale, the chief financial officer now owns 2,963 shares in the company, valued at $184,535.64. The trade was a 68.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Robert O’hare also recently made the following trade(s):

• On Monday, December 2nd, Robert O’hare sold 13,965 shares of Affirm stock. The stock was sold at an average price of $68.57, for a total transaction of $957,580.05.
• On Monday, November 25th, Robert O’hare sold 79,039 shares of Affirm stock. The stock was sold at an average price of $70.01, for a total value of $5,533,520.39.
• On Friday, November 22nd, Robert O’hare sold 11,218 shares of Affirm stock. The shares were sold at an average price of $70.00, for a total value of $785,260.00.
• On Monday, November 11th, Robert O’hare sold 100,938 shares of Affirm stock. The stock was sold at an average price of $55.00, for a total value of $5,551,590.00.

Affirm Stock Up 6.4 %

Shares of AFRM stock opened at $66.50 on Friday. The stock’s 50 day simple moving average is $61.37 and its 200 day simple moving average is $44.25. Affirm Holdings, Inc. has a twelve month low of $22.25 and a twelve month high of $73.34. 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 has a market capitalization of $20.88 billion, a price-to-earnings ratio of -46.83 and a beta of 3.66.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.05. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.57%. The business had revenue of $698.48 million during the quarter, compared to analysts’ expectations of $661.39 million. During the same period in the previous year, the company earned ($0.57) earnings per share. As a group, research analysts predict that Affirm Holdings, Inc. will post -0.53 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AFRM shares. BTIG Research raised shares of Affirm from a “neutral” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Tuesday, October 8th. JMP Securities raised shares of Affirm from a “market perform” rating to an “outperform” rating and set a $78.00 target price on the stock in a research note on Friday, December 20th. Jefferies Financial Group upgraded Affirm from a “hold” rating to a “buy” rating and lifted their price target for the company from $70.00 to $82.00 in a report on Thursday, December 19th. Mizuho increased their price objective on Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Finally, Wells Fargo & Company lifted their target price on Affirm from $52.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $60.94.

Institutional Investors Weigh In On Affirm

Hedge funds and other institutional investors have recently made changes to their positions in the business. Everence Capital Management Inc. acquired a new stake in Affirm in the 4th quarter valued at approximately $440,000. GAMMA Investing LLC grew its stake in shares of Affirm by 21.5% in the fourth quarter. GAMMA Investing LLC now owns 4,177 shares of the company’s stock worth $254,000 after acquiring an additional 738 shares during the last quarter. Versant Capital Management Inc increased its position in Affirm by 20.8% during the fourth quarter. Versant Capital Management Inc now owns 3,405 shares of the company’s stock worth $207,000 after acquiring an additional 586 shares during the period. Lord Abbett & CO. LLC acquired a new position in Affirm during the 3rd quarter valued at $2,644,000. Finally, Tidal Investments LLC boosted its holdings in Affirm by 208.6% in the 3rd quarter. Tidal Investments LLC now owns 21,775 shares of the company’s stock valued at $889,000 after purchasing an additional 14,720 shares during the period. 69.29% of the stock is owned by institutional investors and hedge funds.

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.