Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois Sells 16,086 Shares

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois sold 16,086 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $68.98, for a total value of $1,109,612.28. Following the transaction, the director now directly owns 109,780 shares of the company’s stock, valued at approximately $7,572,624.40. This trade represents a 12.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Affirm Stock Performance

NASDAQ AFRM opened at $70.70 on Friday. The stock has a market cap of $22.20 billion, a PE ratio of -49.79 and a beta of 3.66. 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 firm has a 50-day moving average of $54.98 and a 200-day moving average of $40.66. Affirm Holdings, Inc. has a 52-week low of $22.25 and a 52-week high of $72.82.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $698.48 million during the quarter, compared to the consensus estimate of $661.39 million. During the same period last year, the business posted ($0.57) earnings per share. On average, sell-side analysts anticipate that Affirm Holdings, Inc. will post -0.53 EPS for the current year.

Institutional Trading of Affirm

Several institutional investors have recently added to or reduced their stakes in the company. Comerica Bank boosted its position in shares of Affirm by 16.2% in the first quarter. Comerica Bank now owns 6,109 shares of the company’s stock valued at $228,000 after acquiring an additional 850 shares during the period. Cetera Advisors LLC raised its stake in Affirm by 38.4% in the 1st quarter. Cetera Advisors LLC now owns 7,231 shares of the company’s stock worth $269,000 after purchasing an additional 2,005 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Affirm by 15.5% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 10,159 shares of the company’s stock valued at $307,000 after purchasing an additional 1,367 shares during the period. ORG Partners LLC boosted its holdings in Affirm by 80.0% in 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, Raymond James & Associates grew its position in shares of Affirm by 40.1% during the 2nd quarter. Raymond James & Associates now owns 69,594 shares of the company’s stock worth $2,102,000 after purchasing an additional 19,920 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. The Goldman Sachs Group increased their target price on shares of Affirm from $57.00 to $78.00 and gave the stock a “buy” rating in a report on Monday, December 2nd. Morgan Stanley raised shares of Affirm from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $22.00 to $37.00 in a research report on Wednesday, October 9th. JPMorgan Chase & Co. raised their price objective on Affirm from $56.00 to $74.00 and gave the company an “overweight” rating in a report on Monday, December 2nd. Wells Fargo & Company upped their target price on Affirm from $52.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Finally, 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.