Affirm Holdings, Inc. (NASDAQ:AFRM) Director Sells $1,029,149.36 in Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois sold 16,088 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $63.97, for a total value of $1,029,149.36. Following the transaction, the director now directly owns 61,520 shares of the company’s stock, valued at $3,935,434.40. This trade represents a 20.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Monday, February 3rd, Keith Rabois sold 16,086 shares of Affirm stock. The stock was sold at an average price of $60.12, for a total value of $967,090.32.
• On Thursday, January 2nd, Keith Rabois sold 16,086 shares of Affirm stock. The stock was sold at an average price of $62.32, for a total value of $1,002,479.52.
• On Thursday, December 12th, Keith Rabois sold 16,086 shares of Affirm stock. The stock was sold at an average price of $68.98, for a total value of $1,109,612.28.

Affirm Stock Down 10.2 %

Shares of Affirm stock opened at $52.64 on Friday. Affirm Holdings, Inc. has a one year low of $22.25 and a one year high of $82.53. The company has a debt-to-equity ratio of 2.68, a current ratio of 11.26 and a quick ratio of 11.26. The stock’s 50-day moving average is $63.66 and its 200 day moving average is $54.88. The firm has a market cap of $16.74 billion, a price-to-earnings ratio of -80.98 and a beta of 3.63.

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

Analyst Ratings Changes

AFRM has been the subject of a number of recent research reports. Barclays upped their target price on Affirm from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, February 10th. The Goldman Sachs Group upped their target price on Affirm from $78.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, February 10th. UBS Group upped their target price on Affirm from $46.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Jefferies Financial Group raised Affirm from a “hold” rating to a “buy” rating and upped their target price for the stock from $70.00 to $82.00 in a report on Thursday, December 19th. Finally, Morgan Stanley upped their target price on Affirm from $39.00 to $55.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 28th. Nine research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Affirm currently has a consensus rating of “Moderate Buy” and an average target price of $70.24.

Institutional Investors Weigh In On Affirm

Institutional investors and hedge funds have recently made changes to their positions in the business. Oppenheimer & Co. Inc. bought a new stake in shares of Affirm during the 3rd quarter valued at about $1,419,000. Quest Partners LLC bought a new position in Affirm in the third quarter worth approximately $391,000. International Assets Investment Management LLC bought a new position in Affirm in the third quarter worth approximately $731,000. Entropy Technologies LP bought a new position in Affirm in the third quarter worth approximately $464,000. Finally, Nordea Investment Management AB bought a new position in Affirm in the fourth quarter worth approximately $6,380,000. Institutional investors own 69.29% of the company’s stock.

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.