Affirm Holdings, Inc. (NASDAQ:AFRM) Director Sells $967,090.32 in Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois sold 16,086 shares of Affirm stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $60.12, for a total value of $967,090.32. Following the sale, the director now directly owns 77,608 shares of the company’s stock, valued at $4,665,792.96. This represents a 17.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Thursday, January 2nd, Keith Rabois sold 16,086 shares of Affirm stock. The stock was sold at an average price of $62.32, for a total value of $1,002,479.52.
• On Thursday, December 12th, Keith Rabois sold 16,086 shares of Affirm stock. The stock was sold at an average price of $68.98, for a total value of $1,109,612.28.

Affirm Stock Performance

Shares of AFRM stock opened at $61.75 on Friday. The business’s 50 day simple moving average is $62.98 and its 200 day simple moving average is $48.86. Affirm Holdings, Inc. has a one year low of $22.25 and a one year high of $73.34. The stock has a market capitalization of $19.39 billion, a PE ratio of -43.49 and a beta of 3.66. 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 (NASDAQ:AFRM) last announced its earnings results on Thursday, February 6th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.44. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. As a group, research analysts forecast that Affirm Holdings, Inc. will post -0.62 earnings per share for the current year.

Institutional Trading of Affirm

Institutional investors have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. bought a new stake in Affirm in the third quarter valued at approximately $1,419,000. Quest Partners LLC acquired a new position in Affirm in the third quarter valued at approximately $391,000. International Assets Investment Management LLC acquired a new position in Affirm in the third quarter valued at approximately $731,000. Entropy Technologies LP acquired a new position in Affirm in the third quarter valued at approximately $464,000. Finally, Nordea Investment Management AB acquired a new position in Affirm in the fourth quarter valued at approximately $6,380,000. 69.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on AFRM. Deutsche Bank Aktiengesellschaft lifted their target price on Affirm from $45.00 to $75.00 and gave the stock a “hold” rating in a report on Monday, December 16th. Compass Point raised Affirm from a “sell” rating to a “neutral” rating and boosted their price target for the company from $20.00 to $61.00 in a research note on Tuesday, January 28th. JPMorgan Chase & Co. boosted their price target on Affirm from $56.00 to $74.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. Morgan Stanley lifted their target price on Affirm from $39.00 to $55.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 28th. Finally, Citizens Jmp upgraded Affirm from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.88.

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.