Insider Selling: Affirm (NASDAQ:AFRM) Insider Sells 41,664 Shares

Affirm Holdings, Inc. (NASDAQ:AFRM) insider Katherine Adkins sold 41,664 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $75.53, for a total value of $3,146,881.92. Following the sale, the insider owned 152,439 shares in the company, valued at approximately $11,513,717.67. This represents a 21.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Katherine Adkins also recently made the following trade(s):

• On Tuesday, September 1st, Katherine Adkins sold 41,664 shares of Affirm stock. The stock was sold at an average price of $70.55, for a total value of $2,939,395.20.

Affirm Price Performance

AFRM stock traded up $0.21 during mid-day trading on Thursday, reaching $74.30. 4,096,093 shares of the company traded hands, compared to its average volume of 5,391,625. The company has a debt-to-equity ratio of 1.82, a current ratio of 11.80 and a quick ratio of 11.80. The company has a market capitalization of $24.88 billion, a P/E ratio of 13.46, a P/E/G ratio of 2.90 and a beta of 3.61. Affirm Holdings, Inc. has a 52-week low of $42.10 and a 52-week high of $93.20. The company has a fifty day moving average price of $77.38 and a 200-day moving average price of $65.01.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings results on Thursday, August 27th. The company reported $4.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $4.27. Affirm had a net margin of 45.29% and a return on equity of 47.91%. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the firm posted $0.20 earnings per share. The company’s revenue for the quarter was up 33.1% on a year-over-year basis. As a group, analysts anticipate that Affirm Holdings, Inc. will post 1.85 earnings per share for the current year.

Hedge Funds Weigh In On Affirm

Institutional investors have recently modified their holdings of the company. Greenline Wealth Management LLC purchased a new position in shares of Affirm during the fourth quarter worth approximately $26,000. Triumph Capital Management purchased a new stake in Affirm during the third quarter valued at about $31,000. Strive Financial Group LLC bought a new position in shares of Affirm during the fourth quarter valued at about $33,000. Larson Financial Group LLC increased its holdings in shares of Affirm by 74.5% in the third quarter. Larson Financial Group LLC now owns 499 shares of the company’s stock worth $36,000 after buying an additional 213 shares during the period. Finally, Fifth Third Bancorp increased its holdings in shares of Affirm by 63.6% in the fourth quarter. Fifth Third Bancorp now owns 522 shares of the company’s stock worth $39,000 after buying an additional 203 shares during the period. 69.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AFRM has been the subject of a number of recent analyst reports. Morgan Stanley boosted their price target on shares of Affirm from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, August 28th. Susquehanna lifted their price objective on Affirm from $105.00 to $110.00 and gave the company a “positive” rating in a research note on Friday, August 28th. Zacks Research lowered Affirm from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Wolfe Research reaffirmed an “outperform” rating on shares of Affirm in a report on Friday, August 28th. Finally, Citigroup reiterated a “market outperform” rating on shares of Affirm in a research report on Friday, August 28th. Twenty-three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $99.12.

About Affirm

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.