Keith Rabois Sells 16,088 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois sold 16,088 shares of Affirm stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $45.41, for a total value of $730,556.08. Following the completion of the sale, the director now directly owns 45,432 shares in the company, valued at $2,063,067.12. This represents a 26.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, March 3rd, Keith Rabois sold 16,088 shares of Affirm stock. The shares were sold at an average price of $63.97, for a total value of $1,029,149.36.
• On Monday, February 3rd, Keith Rabois sold 16,086 shares of Affirm stock. The stock was sold at an average price of $60.12, for a total value of $967,090.32.

Affirm Stock Performance

Affirm stock opened at $35.75 on Friday. The stock has a fifty day moving average price of $58.49 and a 200 day moving average price of $56.30. The company has a current ratio of 11.26, a quick ratio of 11.26 and a debt-to-equity ratio of 2.68. Affirm Holdings, Inc. has a 52 week low of $22.25 and a 52 week high of $82.53. The firm has a market capitalization of $11.37 billion, a P/E ratio of -55.00 and a beta of 3.63.

Affirm (NASDAQ:AFRM) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. Equities research analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on AFRM. BMO Capital Markets reaffirmed an “outperform” rating and set a $69.00 price target on shares of Affirm in a research note on Thursday, March 20th. JMP Securities increased their target price on shares of Affirm from $78.00 to $85.00 and gave the company a “market outperform” rating in a report on Friday, February 7th. Needham & Company LLC reissued a “hold” rating on shares of Affirm in a research note on Friday, February 7th. Citizens Jmp raised Affirm from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 20th. Finally, Morgan Stanley boosted their target price on Affirm from $39.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.76.

Institutional Trading of Affirm

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Itau Unibanco Holding S.A. purchased a new stake in Affirm during the fourth quarter valued at about $28,000. Geneos Wealth Management Inc. lifted its stake in shares of Affirm by 356.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock valued at $32,000 after purchasing an additional 410 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Affirm during the 4th quarter worth about $33,000. Coppell Advisory Solutions LLC acquired a new stake in Affirm during the 4th quarter worth approximately $40,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Affirm in the fourth quarter valued at approximately $43,000. 69.29% of the stock is currently owned by institutional investors and hedge funds.

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.