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

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois sold 16,086 shares of Affirm stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $62.32, for a total transaction of $1,002,479.52. Following the sale, the director now owns 93,694 shares of the company’s stock, valued at approximately $5,839,010.08. This represents a 14.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 value of $1,109,612.28.

Affirm Stock Up 6.4 %

Shares of NASDAQ AFRM opened at $66.50 on Friday. The business has a 50-day moving average price of $61.37 and a 200 day moving average price of $44.25. The stock has a market cap of $20.88 billion, a PE ratio of -46.83 and a beta of 3.66. 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 52-week low of $22.25 and a 52-week high of $73.34.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, beating the consensus estimate of ($0.36) by $0.05. The business had revenue of $698.48 million during the quarter, compared to the consensus estimate of $661.39 million. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. During the same period in the prior year, the company earned ($0.57) earnings per share. Equities research analysts forecast that Affirm Holdings, Inc. will post -0.53 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group lifted their price objective on Affirm from $57.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. Royal Bank of Canada reiterated a “sector perform” rating and set a $46.00 price target on shares of Affirm in a research note on Friday, October 4th. Morgan Stanley raised shares of Affirm from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $22.00 to $37.00 in a research note on Wednesday, October 9th. Jefferies Financial Group upgraded shares of Affirm from a “hold” rating to a “buy” rating and increased their target price for the stock from $70.00 to $82.00 in a report on Thursday, December 19th. Finally, Wells Fargo & Company boosted their price target on shares of Affirm from $52.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $60.94.

Institutional Investors Weigh In On Affirm

Several hedge funds have recently made changes to their positions in the business. ORG Wealth Partners LLC purchased a new stake in Affirm during the 3rd quarter valued at approximately $29,000. Allspring Global Investments Holdings LLC increased 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 valued at $36,000 after purchasing an additional 540 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Affirm by 168.2% during the third quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after purchasing an additional 671 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Affirm by 200.5% during 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. Finally, Hanseatic Management Services Inc. purchased a new position in Affirm in the 3rd quarter valued at $65,000. 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.