Insider Selling: Affirm Holdings, Inc. (NASDAQ:AFRM) Director Sells $1,109,612.28 in Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois sold 16,086 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $68.98, for a total transaction of $1,109,612.28. Following the transaction, the director now directly owns 109,780 shares in the company, valued at $7,572,624.40. This trade represents a 12.78 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Affirm Trading Up 2.8 %

NASDAQ AFRM opened at $70.70 on Monday. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $72.82. The company has a debt-to-equity ratio of 2.50, a quick ratio of 12.60 and a current ratio of 12.60. The stock’s 50 day moving average price is $54.98 and its two-hundred day moving average price is $40.74. The stock has a market capitalization of $22.20 billion, a price-to-earnings ratio of -49.79 and a beta of 3.66.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.05. The business had revenue of $698.48 million for the quarter, compared to analyst estimates of $661.39 million. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.57%. During the same quarter in the previous year, the firm posted ($0.57) earnings per share. As a group, analysts anticipate that Affirm Holdings, Inc. will post -0.53 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AFRM has been the topic of several research reports. Susquehanna boosted their price objective on shares of Affirm from $52.00 to $57.00 and gave the stock a “positive” rating in a report on Friday, November 8th. Barclays boosted their price target on Affirm from $64.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Mizuho raised their price objective on Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Wells Fargo & Company boosted their price objective on Affirm from $52.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Finally, Wedbush raised Affirm from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $25.00 to $45.00 in a research report on Monday, October 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $55.36.

Hedge Funds Weigh In On Affirm

Hedge funds have recently modified their holdings of the stock. Bank of Montreal Can increased its holdings in Affirm by 2,305.3% during the second quarter. Bank of Montreal Can now owns 195,936 shares of the company’s stock worth $6,466,000 after buying an additional 187,790 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of Affirm during the 3rd quarter worth about $1,419,000. Quest Partners LLC bought a new stake in shares of Affirm in the 3rd quarter valued at about $391,000. International Assets Investment Management LLC acquired a new stake in Affirm in the 3rd quarter valued at about $731,000. Finally, Entropy Technologies LP bought a new position in Affirm during the third quarter worth about $464,000. 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.