Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Sells $785,260.00 in Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Robert O’hare sold 11,218 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $70.00, for a total value of $785,260.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 Monday, November 11th, Robert O’hare sold 100,938 shares of Affirm stock. The shares were sold at an average price of $55.00, for a total transaction of $5,551,590.00.

Affirm Trading Up 3.2 %

NASDAQ:AFRM opened at $68.37 on Thursday. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $70.20. The business’s 50-day moving average is $47.84 and its two-hundred day moving average is $37.25. The company has a debt-to-equity ratio of 2.50, a current ratio of 12.60 and a quick ratio of 12.60. The firm has a market capitalization of $21.47 billion, a PE ratio of -48.15 and a beta of 3.47.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, topping the consensus estimate of ($0.36) by $0.05. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. The firm had revenue of $698.48 million for the quarter, compared to analyst estimates of $661.39 million. During the same period in the previous year, the company posted ($0.57) EPS. Research analysts predict that Affirm Holdings, Inc. will post -0.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Mizuho boosted their price objective on shares of Affirm from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Barclays increased their price target on Affirm from $64.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday. Wedbush raised Affirm from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $25.00 to $45.00 in a research report on Monday, October 14th. Bank of America upped their target price on Affirm from $50.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Finally, JPMorgan Chase & Co. lifted their price target on Affirm from $47.00 to $56.00 and gave the company an “overweight” rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Affirm currently has an average rating of “Hold” and a consensus target price of $51.13.

Institutional Investors Weigh In On Affirm

Large investors have recently added to or reduced their stakes in the company. KBC Group NV boosted its position in Affirm by 3.6% in the 3rd quarter. KBC Group NV now owns 6,331 shares of the company’s stock valued at $258,000 after buying an additional 222 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Affirm by 3.2% in the third quarter. CIBC Asset Management Inc now owns 7,520 shares of the company’s stock valued at $307,000 after purchasing an additional 233 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Affirm by 82.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock valued at $36,000 after purchasing an additional 540 shares in the last quarter. ORG Partners LLC increased its holdings in Affirm by 80.0% during the 2nd quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock worth $37,000 after purchasing an additional 551 shares during the last quarter. Finally, Myecfo LLC raised its position in shares of Affirm by 5.0% in the 3rd quarter. Myecfo LLC now owns 12,260 shares of the company’s stock valued at $500,000 after purchasing an additional 589 shares in the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

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.