Insider Selling: Affirm Holdings, Inc. (NASDAQ:AFRM) President Sells $4,940,888.40 in Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) President Libor Michalek sold 77,105 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $64.08, for a total value of $4,940,888.40. Following the sale, the president now owns 159,449 shares of the company’s stock, valued at approximately $10,217,491.92. This trade represents a 32.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Libor Michalek also recently made the following trade(s):

• On Monday, November 18th, Libor Michalek sold 100,000 shares of Affirm stock. The shares were sold at an average price of $62.00, for a total value of $6,200,000.00.

Affirm Stock Up 1.2 %

AFRM stock opened at $66.55 on Monday. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $70.03. The firm’s 50-day simple moving average is $46.89 and its 200 day simple moving average is $36.76. The stock has a market cap of $20.90 billion, a PE ratio of -46.87 and a beta of 3.47.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, beating the consensus estimate of ($0.36) by $0.05. The company 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 last year, the business earned ($0.57) earnings per share. As a group, sell-side analysts predict that Affirm Holdings, Inc. will post -0.53 EPS for the current year.

Wall Street Analysts Forecast Growth

AFRM has been the topic of several recent analyst reports. Bank of America upped their price target on shares of Affirm from $50.00 to $74.00 and gave the company a “buy” rating in a report on Friday. Morgan Stanley raised shares of Affirm from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $22.00 to $37.00 in a research report on Wednesday, October 9th. JPMorgan Chase & Co. lifted their price target on Affirm from $47.00 to $56.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. BTIG Research upgraded Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Tuesday, October 8th. Finally, Wells Fargo & Company lifted their target price on Affirm from $52.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Affirm currently has an average rating of “Hold” and a consensus price target of $50.44.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AFRM. KBC Group NV lifted its stake in shares of Affirm by 3.6% in the 3rd 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 period. CIBC Asset Management Inc lifted its position in Affirm by 3.2% in 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 during the period. Allspring Global Investments Holdings LLC boosted its stake in Affirm by 82.4% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock valued at $36,000 after purchasing an additional 540 shares in the last quarter. ORG Partners LLC increased its position in shares of Affirm by 80.0% during the 2nd quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock valued at $37,000 after purchasing an additional 551 shares during the period. Finally, Myecfo LLC increased its position in shares of Affirm by 5.0% during the 3rd quarter. Myecfo LLC now owns 12,260 shares of the company’s stock valued at $500,000 after purchasing an additional 589 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

About Affirm

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.