Affirm Holdings, Inc. (NASDAQ:AFRM) Director Sells $297,945.12 in Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois sold 9,276 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $32.12, for a total value of $297,945.12. Following the completion of the sale, the director now owns 60,000 shares in the company, valued at $1,927,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Keith Rabois also recently made the following trade(s):

• On Thursday, March 14th, Keith Rabois sold 9,276 shares of Affirm stock. The stock was sold at an average price of $34.39, for a total value of $319,001.64.

Affirm Stock Performance

Shares of AFRM stock opened at $34.93 on Friday. The firm has a market capitalization of $10.72 billion, a PE ratio of -14.03 and a beta of 3.56. The company has a 50 day moving average price of $34.87 and a 200-day moving average price of $35.38. Affirm Holdings, Inc. has a 52 week low of $8.80 and a 52 week high of $52.48. The company has a quick ratio of 11.49, a current ratio of 11.49 and a debt-to-equity ratio of 2.35.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, February 8th. The company reported ($0.20) earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.08. The firm had revenue of $591.11 million for the quarter, compared to analysts’ expectations of $523.92 million. Affirm had a negative return on equity of 25.10% and a negative net margin of 39.19%. As a group, equities research analysts expect that Affirm Holdings, Inc. will post -2.45 earnings per share for the current year.

Hedge Funds Weigh In On Affirm

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Planned Solutions Inc. purchased a new position in shares of Affirm during the 4th quarter worth $25,000. Creative Financial Designs Inc. ADV lifted its position in Affirm by 82.2% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 665 shares of the company’s stock valued at $33,000 after purchasing an additional 300 shares in the last quarter. Raleigh Capital Management Inc. bought a new stake in Affirm during the fourth quarter valued at about $33,000. Global Wealth Strategies & Associates increased its position in Affirm by 94.0% in the first quarter. Global Wealth Strategies & Associates now owns 970 shares of the company’s stock worth $36,000 after buying an additional 470 shares in the last quarter. Finally, Principal Securities Inc. bought a new position in shares of Affirm in the fourth quarter worth about $49,000. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on AFRM shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Affirm in a report on Tuesday, April 23rd. Barclays lowered their price objective on shares of Affirm from $50.00 to $41.00 and set an “overweight” rating for the company in a report on Tuesday, April 16th. Stephens increased their price target on shares of Affirm from $6.00 to $16.00 and gave the stock an “underweight” rating in a research note on Friday, February 9th. Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a report on Tuesday, April 23rd. Finally, Royal Bank of Canada upped their price target on Affirm from $26.00 to $50.00 and gave the stock a “sector perform” rating in a research note on Friday, February 9th. Six equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $27.86.

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.