Affirm Holdings, Inc. (NASDAQ:AFRM) Director Sells $277,259.64 in Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois sold 9,276 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $29.89, for a total transaction of $277,259.64. Following the completion of the sale, the director now directly owns 73,623 shares in the company, valued at $2,200,591.47. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, May 1st, Keith Rabois sold 9,276 shares of Affirm stock. The shares were sold at an average price of $32.12, for a total transaction of $297,945.12.

Affirm Stock Performance

AFRM opened at $28.98 on Friday. The company has a current ratio of 12.94, a quick ratio of 12.94 and a debt-to-equity ratio of 2.43. The company’s fifty day moving average price is $31.56 and its two-hundred day moving average price is $36.71. Affirm Holdings, Inc. has a 1-year low of $12.81 and a 1-year high of $52.48. The company has a market cap of $8.96 billion, a price-to-earnings ratio of -13.00 and a beta of 3.45.

Affirm (NASDAQ:AFRM) last announced its earnings results on Wednesday, May 8th. The company reported ($0.43) EPS for the quarter, beating the consensus estimate of ($0.70) by $0.27. The company had revenue of $576.00 million during the quarter, compared to the consensus estimate of $549.99 million. Affirm had a negative net margin of 32.17% and a negative return on equity of 22.06%. The firm’s revenue for the quarter was up 51.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.69) earnings per share. On average, analysts expect that Affirm Holdings, Inc. will post -1.98 EPS for the current fiscal year.

Institutional Trading of Affirm

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AFRM shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Affirm in a research note on Thursday, May 9th. BTIG Research started coverage on shares of Affirm in a research note on Friday, June 7th. They issued a “neutral” rating on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $43.00 target price on shares of Affirm in a research note on Friday, May 24th. Mizuho reissued a “buy” rating and set a $65.00 target price on shares of Affirm in a research note on Thursday, June 20th. Finally, JPMorgan Chase & Co. raised shares of Affirm from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $41.00 to $43.00 in a research note on Thursday, May 9th. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Affirm currently has a consensus rating of “Hold” and an average price target of $32.66.

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.