Libor Michalek Sells 96,332 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) President Libor Michalek sold 96,332 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 $6,744,203.32. Following the transaction, the president now owns 159,449 shares of the company’s stock, valued at approximately $11,163,024.49. This represents a 37.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Friday, November 22nd, Libor Michalek sold 100,821 shares of Affirm stock. The shares were sold at an average price of $68.11, for a total value of $6,866,918.31.
• On Wednesday, November 20th, Libor Michalek sold 77,105 shares of Affirm stock. The shares were sold at an average price of $64.08, for a total value of $4,940,888.40.
• 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 3.2 %

Affirm stock opened at $68.37 on Thursday. 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 Holdings, Inc. has a 1-year low of $22.25 and a 1-year high of $70.20. The company has a market cap of $21.47 billion, a PE ratio of -48.15 and a beta of 3.47. The stock’s 50 day moving average price is $47.84 and its 200 day moving average price is $37.25.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, beating 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 period in the previous year, the business earned ($0.57) earnings per share. On average, sell-side analysts predict that Affirm Holdings, Inc. will post -0.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Affirm

Several hedge funds and other institutional investors have recently bought and sold shares of AFRM. Interval Partners LP acquired a new position in Affirm during the first quarter worth $745,000. Comerica Bank raised its holdings in Affirm by 16.2% during the first quarter. Comerica Bank now owns 6,109 shares of the company’s stock worth $228,000 after purchasing an additional 850 shares during the last quarter. Plato Investment Management Ltd raised its holdings in Affirm by 255.1% during the first quarter. Plato Investment Management Ltd now owns 1,328 shares of the company’s stock worth $49,000 after purchasing an additional 954 shares during the last quarter. Cetera Advisors LLC raised its holdings in shares of Affirm by 38.4% in the first quarter. Cetera Advisors LLC now owns 7,231 shares of the company’s stock worth $269,000 after acquiring an additional 2,005 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in shares of Affirm by 19.7% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 185,058 shares of the company’s stock worth $6,895,000 after acquiring an additional 30,500 shares during the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AFRM has been the topic of a number of analyst reports. Mizuho increased their price target on Affirm from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Barclays increased their price target on Affirm from $64.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday. JPMorgan Chase & Co. increased their price target on Affirm from $47.00 to $56.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Wedbush raised Affirm from an “underperform” rating to a “neutral” rating and increased their price target for the company from $25.00 to $45.00 in a research report on Monday, October 14th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $46.00 price target on shares of Affirm in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $51.13.

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.