Michael Linford Sells 79,219 Shares of Affirm (NASDAQ:AFRM) Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) COO Michael Linford sold 79,219 shares of the firm’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $90.01, for a total transaction of $7,130,502.19. Following the completion of the transaction, the chief operating officer owned 120,713 shares in the company, valued at $10,865,377.13. The trade was a 39.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Michael Linford also recently made the following trade(s):

• On Friday, June 26th, Michael Linford sold 100,000 shares of Affirm stock. The stock was sold at an average price of $80.04, for a total transaction of $8,004,000.00.

Affirm Stock Performance

AFRM stock traded down $4.51 during mid-day trading on Tuesday, reaching $69.94. 7,850,928 shares of the stock traded hands, compared to its average volume of 5,395,497. The company has a quick ratio of 11.80, a current ratio of 11.80 and a debt-to-equity ratio of 1.82. Affirm Holdings, Inc. has a 52 week low of $42.10 and a 52 week high of $93.20. The business has a 50-day moving average of $77.49 and a two-hundred day moving average of $64.75. The firm has a market capitalization of $23.42 billion, a PE ratio of 12.67, a P/E/G ratio of 3.13 and a beta of 3.71.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings results on Thursday, August 27th. The company reported $4.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $4.27. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.11 billion. Affirm had a return on equity of 47.91% and a net margin of 45.29%.The firm’s revenue was up 33.1% compared to the same quarter last year. During the same period last year, the business posted $0.20 earnings per share. As a group, equities analysts predict that Affirm Holdings, Inc. will post 1.75 EPS for the current fiscal year.

Hedge Funds Weigh In On Affirm

Several large investors have recently added to or reduced their stakes in the company. Corient Private Wealth LP lifted its position in shares of Affirm by 101.4% in the 2nd quarter. Corient Private Wealth LP now owns 31,063 shares of the company’s stock worth $2,533,000 after acquiring an additional 15,642 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Affirm in the second quarter valued at $6,158,000. California State Teachers Retirement System raised its stake in shares of Affirm by 7,715.3% in the second quarter. California State Teachers Retirement System now owns 29,932,275 shares of the company’s stock valued at $2,440,977,000 after purchasing an additional 29,549,277 shares in the last quarter. Readystate Asset Management LP lifted its position in Affirm by 4.6% in the second quarter. Readystate Asset Management LP now owns 67,315 shares of the company’s stock worth $5,490,000 after purchasing an additional 2,970 shares during the period. Finally, Aspire Capital Advisors LLC lifted its position in Affirm by 8.2% in the second quarter. Aspire Capital Advisors LLC now owns 8,507 shares of the company’s stock worth $694,000 after purchasing an additional 647 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on AFRM. The Goldman Sachs Group lifted their price target on Affirm from $106.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday. Wolfe Research reissued an “outperform” rating on shares of Affirm in a research report on Friday. Barclays raised their price objective on shares of Affirm from $97.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Affirm from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Finally, BMO Capital Markets increased their price target on shares of Affirm from $86.00 to $101.00 and gave the company an “outperform” rating in a report on Friday. Twenty-two investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Affirm currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.20.

Affirm Company Profile

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.