Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Sells $957,580.05 in Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Robert O’hare sold 13,965 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $68.57, for a total transaction of $957,580.05. Following the transaction, the chief financial officer now directly owns 668 shares of the company’s stock, valued at $45,804.76. The trade was a 95.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Robert O’hare also recently made the following trade(s):

• On Monday, November 25th, Robert O’hare sold 79,039 shares of Affirm stock. The stock was sold at an average price of $70.01, for a total value of $5,533,520.39.
• On Friday, November 22nd, Robert O’hare sold 11,218 shares of Affirm stock. The shares were sold at an average price of $70.00, for a total value of $785,260.00.
• On Monday, November 11th, Robert O’hare sold 100,938 shares of Affirm stock. The shares were sold at an average price of $55.00, for a total transaction of $5,551,590.00.

Affirm Price Performance

AFRM traded up $2.37 during trading on Tuesday, hitting $70.76. The company’s stock had a trading volume of 8,154,616 shares, compared to its average volume of 9,080,025. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50. The firm has a market capitalization of $22.22 billion, a price-to-earnings ratio of -49.73 and a beta of 3.66. The business’s fifty day simple moving average is $49.76 and its 200 day simple moving average is $38.28. Affirm Holdings, Inc. has a twelve month low of $22.25 and a twelve month high of $72.10.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $661.39 million. During the same quarter last year, the firm posted ($0.57) EPS. On average, equities research analysts forecast that Affirm Holdings, Inc. will post -0.53 EPS for the current fiscal year.

Institutional Investors Weigh In On Affirm

A number of hedge funds have recently modified their holdings of AFRM. Comerica Bank grew its holdings in shares of Affirm by 16.2% in the first quarter. Comerica Bank now owns 6,109 shares of the company’s stock valued at $228,000 after purchasing an additional 850 shares in the last quarter. Cetera Advisors LLC grew its holdings in Affirm by 38.4% during the 1st quarter. Cetera Advisors LLC now owns 7,231 shares of the company’s stock worth $269,000 after acquiring an additional 2,005 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Affirm by 35.3% in the 2nd quarter. GAMMA Investing LLC now owns 3,954 shares of the company’s stock valued at $119,000 after purchasing an additional 1,031 shares during the last quarter. Mather Group LLC. raised its stake in Affirm by 951.2% during the 2nd quarter. Mather Group LLC. now owns 4,226 shares of the company’s stock worth $128,000 after acquiring an additional 3,824 shares in the last quarter. Finally, Industry Ventures L.L.C. purchased a new position in Affirm during the 2nd quarter worth approximately $731,000. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on AFRM. Mizuho lifted their price objective on shares of Affirm from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Morgan Stanley upgraded Affirm from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $22.00 to $37.00 in a research report on Wednesday, October 9th. Barclays upped their price objective on shares of Affirm from $64.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. The Goldman Sachs Group boosted their price target on shares of Affirm from $57.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Wells Fargo & Company raised their price objective on shares of Affirm from $52.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $55.33.

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.