Affirm Holdings, Inc. (NASDAQ:AFRM) Director Christa S. Quarles Sells 5,000 Shares

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Christa S. Quarles sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $80.00, for a total transaction of $400,000.00. Following the transaction, the director now directly owns 137,325 shares of the company’s stock, valued at $10,986,000. This represents a 3.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Affirm Trading Down 5.7 %

Shares of AFRM stock opened at $76.38 on Thursday. Affirm Holdings, Inc. has a 12-month low of $22.25 and a 12-month high of $82.53. The company has a market capitalization of $24.29 billion, a PE ratio of -117.51 and a beta of 3.66. The firm has a 50 day moving average price of $64.55 and a two-hundred day moving average price of $52.21. The company has a quick ratio of 11.26, a current ratio of 11.26 and a debt-to-equity ratio of 2.68.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.44. Affirm had a negative return on equity of 7.25% and a negative net margin of 7.10%. As a group, analysts predict that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on AFRM shares. JMP Securities increased their price objective on shares of Affirm from $78.00 to $85.00 and gave the stock a “market outperform” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. increased their price target on Affirm from $56.00 to $74.00 and gave the company an “overweight” rating in a research report on Monday, December 2nd. Barclays raised their price target on Affirm from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, February 10th. William Blair started coverage on Affirm in a report on Wednesday, January 15th. They issued an “outperform” rating for the company. Finally, UBS Group boosted their target price on shares of Affirm from $46.00 to $62.00 and gave the stock a “neutral” rating in a report on Friday, February 7th. Nine research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.24.

Institutional Investors Weigh In On Affirm

Institutional investors have recently modified their holdings of the business. Capital Research Global Investors raised its stake in Affirm by 2.0% in the 4th quarter. Capital Research Global Investors now owns 24,264,396 shares of the company’s stock worth $1,477,747,000 after purchasing an additional 470,409 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Affirm by 3.4% during the fourth quarter. Vanguard Group Inc. now owns 21,815,563 shares of the company’s stock worth $1,328,568,000 after purchasing an additional 716,574 shares during the period. Capital World Investors increased its holdings in shares of Affirm by 0.4% during the fourth quarter. Capital World Investors now owns 18,339,165 shares of the company’s stock worth $1,116,861,000 after purchasing an additional 72,582 shares during the period. Durable Capital Partners LP boosted its stake in shares of Affirm by 97.3% in the fourth quarter. Durable Capital Partners LP now owns 5,858,283 shares of the company’s stock valued at $356,769,000 after buying an additional 2,888,827 shares during the period. Finally, Jericho Capital Asset Management L.P. boosted its stake in shares of Affirm by 11.6% in the fourth quarter. Jericho Capital Asset Management L.P. now owns 5,198,039 shares of the company’s stock valued at $316,561,000 after buying an additional 538,892 shares during the period. 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.