Robert O’hare Sells 79,039 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Robert O’hare sold 79,039 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $70.01, for a total value of $5,533,520.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, November 22nd, Robert O’hare sold 11,218 shares of Affirm stock. The stock was sold at an average price of $70.00, for a total transaction of $785,260.00.
• On Monday, November 11th, Robert O’hare sold 100,938 shares of Affirm stock. The shares were sold at an average price of $55.00, for a total transaction of $5,551,590.00.

Affirm Stock Performance

Shares of AFRM opened at $66.27 on Wednesday. The company has a debt-to-equity ratio of 2.50, a current ratio of 12.60 and a quick ratio of 12.60. The firm has a market cap of $20.81 billion, a PE ratio of -46.67 and a beta of 3.47. Affirm Holdings, Inc. has a 1 year low of $22.25 and a 1 year high of $70.20. The stock’s fifty day moving average price is $47.39 and its two-hundred day moving average price is $37.01.

Affirm (NASDAQ:AFRM) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, beating the consensus estimate of ($0.36) by $0.05. The business had revenue of $698.48 million for the quarter, compared to the consensus estimate 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 in the prior year, the firm earned ($0.57) earnings per share. On average, equities research analysts forecast that Affirm Holdings, Inc. will post -0.53 EPS for the current year.

Hedge Funds Weigh In On Affirm

A number of large investors have recently made changes to their positions in AFRM. Ridgewood Investments LLC purchased a new stake in Affirm during the 2nd quarter worth about $27,000. ORG Wealth Partners LLC bought a new stake in shares of Affirm during the third quarter valued at about $29,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Affirm by 82.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock worth $36,000 after buying an additional 540 shares in the last quarter. ORG Partners LLC grew its stake in Affirm by 80.0% during the second quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock valued at $37,000 after acquiring an additional 551 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in Affirm by 168.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after acquiring an additional 671 shares during the period. 69.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price target on Affirm from $47.00 to $56.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a report on Friday, September 6th. Bank of America raised their price objective on Affirm from $50.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Wedbush upgraded shares of Affirm from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $25.00 to $45.00 in a research note on Monday, October 14th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $46.00 price target on shares of Affirm in a research report on Friday, October 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Affirm presently has an average rating of “Hold” and an average price target of $51.13.

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.