Insider Selling: Affirm Holdings, Inc. (NASDAQ:AFRM) Director Sells 16,086 Shares of Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois sold 16,086 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $62.32, for a total value of $1,002,479.52. Following the completion of the transaction, the director now directly owns 93,694 shares in the company, valued at approximately $5,839,010.08. This trade represents a 14.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Keith Rabois also recently made the following trade(s):

• On Thursday, December 12th, Keith Rabois sold 16,086 shares of Affirm stock. The stock was sold at an average price of $68.98, for a total value of $1,109,612.28.

Affirm Stock Performance

AFRM opened at $66.50 on Monday. The firm’s 50-day moving average price is $61.37 and its 200-day moving average price is $44.34. The company has a market cap of $20.88 billion, a P/E ratio of -46.83 and a beta of 3.66. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50. Affirm Holdings, Inc. has a 52-week low of $22.25 and a 52-week high of $73.34.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $661.39 million. During the same quarter in the prior year, the business posted ($0.57) EPS. As a group, equities analysts anticipate that Affirm Holdings, Inc. will post -0.53 EPS for the current fiscal year.

Analyst Ratings Changes

AFRM has been the topic of several research reports. Barclays raised their price target on Affirm from $64.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Wells Fargo & Company boosted their price target on shares of Affirm from $52.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Morgan Stanley upgraded shares of Affirm from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $22.00 to $37.00 in a research note on Wednesday, October 9th. Mizuho boosted their price objective on shares of Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $46.00 price target on shares of Affirm in a report on Friday, October 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Affirm currently has an average rating of “Moderate Buy” and a consensus target price of $60.94.

Institutional Trading of Affirm

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of Montreal Can raised its stake in shares of Affirm by 2,305.3% in the second quarter. Bank of Montreal Can now owns 195,936 shares of the company’s stock worth $6,466,000 after purchasing an additional 187,790 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in Affirm in the 3rd quarter worth approximately $1,419,000. Quest Partners LLC acquired a new position in Affirm in the 3rd quarter worth approximately $391,000. International Assets Investment Management LLC purchased a new position in Affirm during the 3rd quarter worth approximately $731,000. Finally, Entropy Technologies LP acquired a new stake in Affirm during the 3rd quarter valued at approximately $464,000. 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.