Noel Bertram Watson Sells 2,500 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Noel Bertram Watson sold 2,500 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $45.78, for a total value of $114,450.00. Following the sale, the director now owns 38,997 shares of the company’s stock, valued at approximately $1,785,282.66. The trade was a 6.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Affirm Stock Up 0.5 %

Shares of NASDAQ AFRM opened at $47.95 on Friday. The business has a fifty day moving average of $60.78 and a two-hundred day moving average of $55.89. The company has a debt-to-equity ratio of 2.68, a quick ratio of 11.26 and a current ratio of 11.26. Affirm Holdings, Inc. has a 52-week low of $22.25 and a 52-week high of $82.53. The stock has a market cap of $15.25 billion, a PE ratio of -73.77 and a beta of 3.63.

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

Analyst Upgrades and Downgrades

AFRM has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on Affirm from $45.00 to $75.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Needham & Company LLC reissued a “hold” rating on shares of Affirm in a report on Friday, February 7th. Susquehanna lowered shares of Affirm from a “positive” rating to a “neutral” rating and set a $57.00 price target on the stock. in a research report on Tuesday, January 21st. William Blair started coverage on shares of Affirm in a research report on Wednesday, January 15th. They set an “outperform” rating for the company. Finally, Compass Point raised Affirm from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $61.00 to $64.00 in a research report on Wednesday. Seven analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Affirm has a consensus rating of “Moderate Buy” and a consensus target price of $69.76.

Institutional Investors Weigh In On Affirm

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. grew its holdings in shares of Affirm by 10.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 24,902 shares of the company’s stock worth $1,016,000 after purchasing an additional 2,432 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Affirm in the 3rd quarter valued at about $1,419,000. KBC Group NV raised its stake in shares of Affirm by 3.6% in the third quarter. KBC Group NV now owns 6,331 shares of the company’s stock worth $258,000 after acquiring an additional 222 shares during the last quarter. CIBC Asset Management Inc lifted its position in shares of Affirm by 3.2% during the third quarter. CIBC Asset Management Inc now owns 7,520 shares of the company’s stock worth $307,000 after purchasing an additional 233 shares in the last quarter. Finally, Natixis Advisors LLC bought a new stake in shares of Affirm during the third quarter valued at approximately $759,000. 69.29% of the stock is owned by institutional investors and hedge funds.

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.