Affirm (NASDAQ:AFRM) Shares Gap Down – Time to Sell?

Affirm Holdings, Inc. (NASDAQ:AFRM) gapped down prior to trading on Tuesday . The stock had previously closed at $61.86, but opened at $58.50. Affirm shares last traded at $56.33, with a volume of 1,964,015 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company raised their price target on Affirm from $70.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, February 7th. William Blair initiated coverage on shares of Affirm in a research note on Wednesday, January 15th. They issued an “outperform” rating for the company. UBS Group boosted their target price on shares of Affirm from $46.00 to $62.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Jefferies Financial Group upgraded shares of Affirm from a “hold” rating to a “buy” rating and raised their price target for the company from $70.00 to $82.00 in a report on Thursday, December 19th. Finally, Barclays upped their price objective on shares of Affirm from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Nine equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $70.24.

Affirm Trading Down 5.1 %

The business has a fifty day moving average price of $64.26 and a 200 day moving average price of $54.67. The company has a market capitalization of $18.67 billion, a price-to-earnings ratio of -91.81 and a beta of 3.66. The company has a debt-to-equity ratio of 2.68, a current ratio of 11.26 and a quick ratio of 11.26.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. On average, equities analysts expect that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Insider Buying and Selling

In other Affirm news, Director Christa S. Quarles sold 5,000 shares of Affirm stock in a transaction on Friday, February 14th. The shares were sold at an average price of $80.00, for a total transaction of $400,000.00. Following the sale, the director now owns 137,325 shares in the company, valued at $10,986,000. The trade was a 3.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Libor Michalek sold 93,371 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $72.00, for a total transaction of $6,722,712.00. Following the completion of the transaction, the president now owns 160,601 shares of the company’s stock, valued at approximately $11,563,272. This represents a 36.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 555,670 shares of company stock valued at $38,385,393 over the last three months. 12.41% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. acquired a new position in shares of Affirm in the 3rd quarter worth approximately $1,419,000. Quest Partners LLC acquired a new position in Affirm during the third quarter worth $391,000. International Assets Investment Management LLC bought a new position in shares of Affirm during the third quarter valued at $731,000. Entropy Technologies LP bought a new position in shares of Affirm during the third quarter valued at $464,000. Finally, Nordea Investment Management AB acquired a new stake in shares of Affirm in the 4th quarter valued at $6,380,000. Institutional investors own 69.29% of the company’s stock.

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.