Affirm Holdings, Inc. (NASDAQ:AFRM) Director Sells $180,125.00 in Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Noel Bertram Watson sold 2,500 shares of Affirm stock in a transaction on Monday, December 16th. The stock was sold at an average price of $72.05, for a total transaction of $180,125.00. Following the sale, the director now owns 41,497 shares in the company, valued at $2,989,858.85. This represents a 5.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Affirm Price Performance

Affirm stock opened at $63.00 on Friday. The firm has a fifty day moving average of $57.08 and a 200-day moving average of $41.65. Affirm Holdings, Inc. has a 52-week low of $22.25 and a 52-week high of $73.34. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50. The firm has a market capitalization of $19.79 billion, a P/E ratio of -44.37 and a beta of 3.66.

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

Analyst Ratings Changes

A number of research analysts recently issued reports on AFRM shares. Bank of America raised their price target on Affirm from $50.00 to $74.00 and gave the stock a “buy” rating in a research note on Friday, November 22nd. Morgan Stanley raised Affirm from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $22.00 to $37.00 in a research note on Wednesday, October 9th. Barclays lifted their target price on Affirm from $64.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, November 25th. Wedbush raised Affirm from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $25.00 to $45.00 in a report on Monday, October 14th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Affirm from $56.00 to $74.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Affirm has a consensus rating of “Hold” and an average price target of $59.80.

Institutional Investors Weigh In On Affirm

Several hedge funds have recently modified their holdings of the stock. Lord Abbett & CO. LLC purchased a new position in Affirm in the 3rd quarter worth approximately $2,644,000. Tidal Investments LLC boosted its stake in shares of Affirm by 208.6% in the third quarter. Tidal Investments LLC now owns 21,775 shares of the company’s stock valued at $889,000 after purchasing an additional 14,720 shares during the period. Arete Wealth Advisors LLC acquired a new stake in Affirm during the 3rd quarter valued at $244,000. Y Intercept Hong Kong Ltd purchased a new stake in Affirm during the 3rd quarter worth $1,618,000. Finally, Main Management ETF Advisors LLC acquired a new position in Affirm in the 3rd quarter worth $2,629,000. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

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.