Affirm Holdings, Inc. (NASDAQ:AFRM) Director Noel Bertram Watson Sells 2,500 Shares of Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Noel Bertram Watson sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $45.78, for a total value of $114,450.00. Following the completion of the transaction, the director now owns 38,997 shares in the company, valued at approximately $1,785,282.66. The trade was a 6.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Affirm Stock Performance

Shares of AFRM opened at $47.71 on Thursday. The company has a debt-to-equity ratio of 2.68, a current ratio of 11.26 and a quick ratio of 11.26. Affirm Holdings, Inc. has a one year low of $22.25 and a one year high of $82.53. The firm has a market capitalization of $15.17 billion, a PE ratio of -73.40 and a beta of 3.63. The company has a 50-day simple moving average of $61.00 and a two-hundred day simple moving average of $55.95.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, February 6th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. On average, analysts anticipate that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Affirm

A number of hedge funds have recently modified their holdings of AFRM. Durable Capital Partners LP grew its position in shares of Affirm by 97.3% during the 4th quarter. Durable Capital Partners LP now owns 5,858,283 shares of the company’s stock valued at $356,769,000 after acquiring an additional 2,888,827 shares during the period. Norges Bank bought a new stake in shares of Affirm during the 4th quarter valued at $139,949,000. Capital International Investors bought a new stake in shares of Affirm during the 4th quarter valued at $100,030,000. Foxhaven Asset Management LP bought a new stake in shares of Affirm during the 4th quarter valued at $80,917,000. Finally, Voloridge Investment Management LLC bought a new stake in shares of Affirm during the 4th quarter valued at $76,738,000. Institutional investors own 69.29% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on AFRM shares. Citizens Jmp upgraded Affirm from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 20th. Jefferies Financial Group upgraded 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 research report on Thursday, December 19th. Needham & Company LLC restated a “hold” rating on shares of Affirm in a research report on Friday, February 7th. William Blair started coverage on Affirm in a research report on Wednesday, January 15th. They set an “outperform” rating on the stock. Finally, UBS Group increased their target price on Affirm from $46.00 to $62.00 and gave the stock a “neutral” rating in a research report on Friday, February 7th. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Affirm currently has an average rating of “Moderate Buy” and a consensus price target of $68.41.

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.