Affirm Holdings, Inc. (NASDAQ:AFRM) President Libor Michalek Sells 100,821 Shares

Affirm Holdings, Inc. (NASDAQ:AFRM) President Libor Michalek sold 100,821 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $68.11, for a total value of $6,866,918.31. Following the completion of the sale, the president now directly owns 159,449 shares of the company’s stock, valued at approximately $10,860,071.39. This trade represents a 38.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• 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 shares were sold at an average price of $64.08, for a total value of $4,940,888.40.
• On Monday, November 18th, Libor Michalek sold 100,000 shares of Affirm stock. The stock was sold at an average price of $62.00, for a total transaction of $6,200,000.00.

Affirm Stock Down 4.4 %

Shares of NASDAQ AFRM traded down $3.08 during trading on Tuesday, reaching $66.27. The company had a trading volume of 8,831,123 shares, compared to its average volume of 9,098,162. Affirm Holdings, Inc. has a 12-month low of $22.25 and a 12-month high of $70.20. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50. The business’s 50-day moving average is $47.39 and its 200 day moving average is $37.01. The stock has a market cap of $20.81 billion, a PE ratio of -46.67 and a beta of 3.47.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.05. The business had revenue of $698.48 million during the quarter, compared to analyst estimates 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 last year, the business earned ($0.57) EPS. As a group, equities analysts forecast that Affirm Holdings, Inc. will post -0.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Affirm

A number of hedge funds have recently added to or reduced their stakes in AFRM. Bank of Montreal Can raised its position in Affirm by 2,305.3% in the 2nd quarter. Bank of Montreal Can now owns 195,936 shares of the company’s stock worth $6,466,000 after buying an additional 187,790 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of Affirm during the third quarter valued at approximately $1,419,000. International Assets Investment Management LLC purchased a new position in shares of Affirm during the third quarter valued at approximately $731,000. Entropy Technologies LP bought a new position in Affirm during the third quarter valued at approximately $464,000. Finally, Quest Partners LLC purchased a new stake in Affirm in the third quarter worth approximately $391,000. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AFRM has been the subject of several recent analyst reports. Mizuho upped 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, November 19th. Morgan Stanley raised Affirm from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $22.00 to $37.00 in a research report on Wednesday, October 9th. The Goldman Sachs Group lifted their price objective on Affirm from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Wells Fargo & Company upped their target price on Affirm from $52.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Finally, BTIG Research upgraded shares of Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price target on the stock in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $51.13.

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.