Insider Selling: Affirm Holdings, Inc. (NASDAQ:AFRM) Director Sells 2,500 Shares of Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Noel Bertram Watson sold 2,500 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $45.78, for a total transaction of $114,450.00. Following the transaction, the director now owns 38,997 shares of the company’s stock, valued at approximately $1,785,282.66. The trade was a 6.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Affirm Price Performance

Shares of NASDAQ AFRM traded up $4.01 during midday trading on Wednesday, hitting $47.71. 10,934,026 shares of the company’s stock were exchanged, compared to its average volume of 8,037,645. The company has a current ratio of 11.26, a quick ratio of 11.26 and a debt-to-equity ratio of 2.68. The business’s fifty day moving average price is $61.22 and its two-hundred day moving average price is $56.00. The company has a market cap of $15.17 billion, a price-to-earnings ratio of -73.40 and a beta of 3.63. Affirm Holdings, Inc. has a 12-month low of $22.25 and a 12-month high of $82.53.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. As a group, research analysts forecast that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Analysts Set New Price Targets

AFRM has been the subject of a number of research reports. Bank of America increased their target price on shares of Affirm from $50.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Wells Fargo & Company raised their target price on Affirm from $70.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Susquehanna cut Affirm from a “positive” rating to a “neutral” rating and set a $57.00 price target on the stock. in a research report on Tuesday, January 21st. Barclays lifted their price objective on Affirm from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. Finally, Citizens Jmp raised shares of Affirm from a “hold” rating to a “strong-buy” rating in a report on Friday, December 20th. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $68.41.

Institutional Investors Weigh In On Affirm

Hedge funds have recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its stake in Affirm by 1.0% in the 4th quarter. California State Teachers Retirement System now owns 226,593 shares of the company’s stock worth $13,800,000 after purchasing an additional 2,286 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in Affirm in the fourth quarter worth about $228,000. Wealthedge Investment Advisors LLC purchased a new position in shares of Affirm in the 4th quarter valued at approximately $468,000. Leigh Baldwin & CO. LLC purchased a new stake in shares of Affirm in the 4th quarter worth about $210,000. Finally, Challenger Wealth Management bought a new stake in Affirm during the fourth quarter worth about $244,000. Institutional investors own 69.29% of the company’s stock.

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.