Affirm Holdings, Inc. (NASDAQ:AFRM) President Libor Michalek Sells 100,000 Shares of Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) President Libor Michalek sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $62.00, for a total value of $6,200,000.00. Following the transaction, the president now directly owns 159,449 shares in the company, valued at $9,885,838. The trade was a 38.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Affirm Stock Performance

Affirm stock opened at $63.19 on Thursday. The stock’s 50 day moving average is $45.96 and its 200 day moving average is $36.30. The company has a market capitalization of $19.85 billion, a P/E ratio of -44.50 and a beta of 3.47. Affirm Holdings, Inc. has a twelve month low of $22.25 and a twelve month high of $64.56. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, beating 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 company had revenue of $698.48 million for the quarter, compared to analysts’ expectations of $661.39 million. During the same period last year, the firm posted ($0.57) earnings per share. On average, equities research analysts predict that Affirm Holdings, Inc. will post -0.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on the company. Morgan Stanley raised Affirm from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $22.00 to $37.00 in a report on Wednesday, October 9th. Wedbush raised shares of Affirm from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $25.00 to $45.00 in a research note on Monday, October 14th. Wells Fargo & Company boosted their price objective on Affirm from $52.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. The Goldman Sachs Group lifted their price target on Affirm from $46.00 to $54.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Finally, BTIG Research raised Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price objective for the company in a research note on Tuesday, October 8th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $46.85.

Institutional Investors Weigh In On Affirm

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. US Bancorp DE grew its position in shares of Affirm by 5.6% during the first quarter. US Bancorp DE now owns 17,166 shares of the company’s stock worth $640,000 after purchasing an additional 914 shares in the last quarter. Avantax Advisory Services Inc. purchased a new stake in Affirm in the 1st quarter worth $258,000. Vanguard Group Inc. boosted its holdings in shares of Affirm by 6.8% during the 1st quarter. Vanguard Group Inc. now owns 20,823,803 shares of the company’s stock valued at $775,895,000 after purchasing an additional 1,316,901 shares during the last quarter. CreativeOne Wealth LLC bought a new stake in shares of Affirm in the first quarter worth about $535,000. Finally, Freestone Capital Holdings LLC bought a new position in Affirm during the first quarter valued at approximately $730,000. 69.29% of the stock is owned by hedge funds and other institutional investors.

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.