Insider Selling: Affirm Holdings, Inc. (NASDAQ:AFRM) President Sells 77,105 Shares of Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) President Libor Michalek sold 77,105 shares of Affirm stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $64.08, for a total transaction of $4,940,888.40. Following the completion of the sale, the president now directly owns 159,449 shares of the company’s stock, valued at approximately $10,217,491.92. This trade represents a 32.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• 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 Price Performance

Affirm stock traded up $0.81 during trading hours on Friday, hitting $66.55. 12,399,872 shares of the stock were exchanged, compared to its average volume of 9,102,752. The business’s 50-day moving average is $46.44 and its two-hundred day moving average is $36.50. The company has a debt-to-equity ratio of 2.50, a quick ratio of 12.60 and a current ratio of 12.60. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $70.03. The stock has a market capitalization of $20.90 billion, a P/E ratio of -46.30 and a beta of 3.47.

Affirm (NASDAQ:AFRM) last released its 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. The company had revenue of $698.48 million for 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 period in the prior year, the company posted ($0.57) EPS. Equities research analysts expect that Affirm Holdings, Inc. will post -0.53 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Bank of Montreal Can lifted its position 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 valued at $6,466,000 after buying an additional 187,790 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of Affirm during the 3rd quarter worth $1,419,000. International Assets Investment Management LLC bought a new stake in shares of Affirm during the third quarter worth $731,000. Entropy Technologies LP acquired a new position in Affirm in the 3rd quarter worth about $464,000. Finally, Versor Investments LP acquired a new stake in Affirm during the 3rd quarter worth approximately $755,000. Institutional investors own 69.29% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Susquehanna raised their target price on shares of Affirm from $52.00 to $57.00 and gave the company a “positive” rating in a research note on Friday, November 8th. Wells Fargo & Company upped 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. BTIG Research raised shares of Affirm from a “neutral” rating to a “buy” rating and set a $68.00 target price for the company in a research note on Tuesday, October 8th. The Goldman Sachs Group raised their price objective on Affirm from $46.00 to $54.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Finally, Mizuho increased their price objective on shares of Affirm from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $48.74.

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.