Keith Rabois Sells 16,086 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois sold 16,086 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $60.12, for a total transaction of $967,090.32. Following the completion of the sale, the director now directly owns 77,608 shares of the company’s stock, valued at $4,665,792.96. The trade was a 17.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Keith Rabois also recently made the following trade(s):

• On Thursday, January 2nd, Keith Rabois sold 16,086 shares of Affirm stock. The shares were sold at an average price of $62.32, for a total transaction of $1,002,479.52.
• On Thursday, December 12th, Keith Rabois sold 16,086 shares of Affirm stock. The shares were sold at an average price of $68.98, for a total transaction of $1,109,612.28.

Affirm Stock Down 0.6 %

NASDAQ:AFRM traded down $0.35 during mid-day trading on Tuesday, reaching $59.53. The stock had a trading volume of 4,386,458 shares, compared to its average volume of 5,215,073. The business’s 50 day moving average is $63.36 and its 200 day moving average is $48.46. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $73.34. The stock has a market cap of $18.70 billion, a P/E ratio of -41.92 and a beta of 3.66. The company has a debt-to-equity ratio of 2.50, a current ratio of 12.60 and a quick ratio of 12.60.

Affirm (NASDAQ:AFRM) last released 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. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. The firm had revenue of $698.48 million for the quarter, compared to the consensus estimate of $661.39 million. During the same quarter in the prior year, the company posted ($0.57) earnings per share. As a group, sell-side analysts predict that Affirm Holdings, Inc. will post -0.62 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on AFRM. Wells Fargo & Company upped their price target on shares of Affirm from $55.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft upped their price objective 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 lowered shares of Affirm from a “positive” rating to a “neutral” rating and set a $57.00 price objective for the company. in a research note on Tuesday, January 21st. BTIG Research raised shares of Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price objective for the company in a research note on Tuesday, October 8th. Finally, Mizuho upped their price objective on shares of Affirm from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $62.88.

Hedge Funds Weigh In On Affirm

Hedge funds have recently added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new stake in Affirm during the third quarter worth approximately $29,000. Geneos Wealth Management Inc. boosted its position in shares of Affirm by 356.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock valued at $32,000 after acquiring an additional 410 shares during the period. R Squared Ltd bought a new stake in shares of Affirm in the fourth quarter valued at approximately $33,000. Advisors Asset Management Inc. boosted its position in shares of Affirm by 168.2% in the third quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock valued at $44,000 after acquiring an additional 671 shares during the period. Finally, Venturi Wealth Management LLC lifted its position in Affirm by 200.5% in the third quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock worth $45,000 after purchasing an additional 732 shares during the period. Institutional investors and hedge funds 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.