Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Robert O’hare Sells 6,541 Shares

Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Robert O’hare sold 6,541 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $62.28, for a total transaction of $407,373.48. Following the sale, the chief financial officer now owns 2,963 shares of the company’s stock, valued at $184,535.64. This represents a 68.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, December 2nd, Robert O’hare sold 13,965 shares of Affirm stock. The shares were sold at an average price of $68.57, for a total transaction of $957,580.05.
• On Monday, November 25th, Robert O’hare sold 79,039 shares of Affirm stock. The stock was sold at an average price of $70.01, for a total transaction of $5,533,520.39.
• 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 Stock Up 6.4 %

Shares of NASDAQ AFRM traded up $3.99 during trading on Friday, reaching $66.50. The company had a trading volume of 4,345,245 shares, compared to its average volume of 4,712,473. The business’s 50-day moving average is $60.85 and its 200 day moving average is $43.90. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50. The stock has a market cap of $20.88 billion, a PE ratio of -46.83 and a beta of 3.66. Affirm Holdings, Inc. has a 12-month low of $22.25 and a 12-month high of $73.34.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.05. The business had revenue of $698.48 million during 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 period last year, the business earned ($0.57) EPS. As a group, equities analysts forecast that Affirm Holdings, Inc. will post -0.53 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Affirm

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AFRM. Spyglass Capital Management LLC increased its holdings in shares of Affirm by 9.3% in the 3rd quarter. Spyglass Capital Management LLC now owns 2,348,095 shares of the company’s stock worth $95,849,000 after purchasing an additional 200,449 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Affirm by 44.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,203,210 shares of the company’s stock worth $89,935,000 after buying an additional 672,883 shares in the last quarter. Dragoneer Investment Group LLC purchased a new position in Affirm in the 2nd quarter worth about $45,219,000. Bank of New York Mellon Corp lifted its stake in Affirm by 25.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 866,946 shares of the company’s stock valued at $26,190,000 after acquiring an additional 176,675 shares during the period. Finally, Artemis Investment Management LLP purchased a new stake in shares of Affirm during the 3rd quarter valued at about $30,808,000. 69.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on AFRM shares. BTIG Research upgraded Affirm from a “neutral” rating to a “buy” rating and set a $68.00 target price for the company in a report on Tuesday, October 8th. 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. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Affirm from $45.00 to $75.00 and gave the company a “hold” rating in a research note on Monday, December 16th. Susquehanna increased their price target on shares of Affirm from $52.00 to $57.00 and gave the stock a “positive” rating in a research note on Friday, November 8th. Finally, The Goldman Sachs Group lifted their price objective on Affirm from $57.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $60.94.

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.