Insider Selling: Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Sells 79,039 Shares of Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Robert O’hare sold 79,039 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $70.01, for a total value of $5,533,520.39. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• 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 stock was sold at an average price of $55.00, for a total value of $5,551,590.00.

Affirm Trading Up 4.2 %

AFRM stock traded up $2.80 during mid-day trading on Monday, reaching $69.35. 8,305,996 shares of the stock traded hands, compared to its average volume of 9,099,317. Affirm Holdings, Inc. has a 52-week low of $22.25 and a 52-week high of $70.20. The stock’s fifty day moving average is $46.89 and its 200-day moving average is $36.76. The company has a market cap of $21.78 billion, a P/E ratio of -48.06 and a beta of 3.47. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, beating the consensus estimate of ($0.36) by $0.05. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.57%. The business had revenue of $698.48 million during the quarter, compared to the consensus estimate of $661.39 million. During the same quarter in the prior year, the firm earned ($0.57) EPS. As a group, sell-side analysts expect that Affirm Holdings, Inc. will post -0.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company upped their price objective on shares of Affirm from $52.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. JPMorgan Chase & Co. increased their price objective on shares of Affirm from $47.00 to $56.00 and gave the company an “overweight” rating in a report on Friday, November 8th. BTIG Research upgraded shares of Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Tuesday, October 8th. Needham & Company LLC restated a “hold” rating on shares of Affirm in a research report on Friday, September 6th. Finally, The Goldman Sachs Group increased their price target on Affirm from $46.00 to $54.00 and gave the company a “buy” rating in a research note on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $51.13.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AFRM. Ridgewood Investments LLC acquired a new stake in Affirm during the 2nd quarter worth about $27,000. ORG Wealth Partners LLC acquired a new position in shares of Affirm in the 3rd quarter valued at about $29,000. Allspring Global Investments Holdings LLC lifted its position in shares of Affirm by 82.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock worth $36,000 after purchasing an additional 540 shares in the last quarter. ORG Partners LLC boosted its holdings in shares of Affirm by 80.0% during the second quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock worth $37,000 after purchasing an additional 551 shares during the period. Finally, Advisors Asset Management Inc. grew its position in Affirm by 168.2% during the third quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock valued at $44,000 after purchasing an additional 671 shares in the last quarter. Hedge funds and other 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.