Affirm Holdings, Inc. (NASDAQ:AFRM) Director Sells $297,945.12 in Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois sold 9,276 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $32.12, for a total transaction of $297,945.12. Following the completion of the transaction, the director now directly owns 60,000 shares of the company’s stock, valued at approximately $1,927,200. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Thursday, March 14th, Keith Rabois sold 9,276 shares of Affirm stock. The stock was sold at an average price of $34.39, for a total transaction of $319,001.64.

Affirm Trading Up 1.4 %

Shares of AFRM opened at $34.93 on Friday. Affirm Holdings, Inc. has a 1-year low of $8.80 and a 1-year high of $52.48. The firm has a market capitalization of $10.72 billion, a price-to-earnings ratio of -14.03 and a beta of 3.56. The firm’s 50-day moving average price is $34.83 and its 200-day moving average price is $35.50. The company has a current ratio of 11.49, a quick ratio of 11.49 and a debt-to-equity ratio of 2.35.

Affirm (NASDAQ:AFRM) last posted its earnings results on Thursday, February 8th. The company reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.08. Affirm had a negative return on equity of 25.10% and a negative net margin of 39.19%. The firm had revenue of $591.11 million for the quarter, compared to the consensus estimate of $523.92 million. Sell-side analysts anticipate that Affirm Holdings, Inc. will post -2.45 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AFRM. Deutsche Bank Aktiengesellschaft lifted their price target on Affirm from $24.00 to $35.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Wedbush reaffirmed an “underperform” rating and issued a $20.00 target price on shares of Affirm in a research note on Friday, February 9th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Affirm in a research note on Tuesday, April 23rd. BMO Capital Markets upped their price objective on shares of Affirm from $44.00 to $47.00 and gave the company a “market perform” rating in a research note on Monday, February 12th. Finally, Royal Bank of Canada lifted their target price on shares of Affirm from $26.00 to $50.00 and gave the stock a “sector perform” rating in a research report on Friday, February 9th. Six investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $27.86.

Hedge Funds Weigh In On Affirm

Institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Affirm in the 4th quarter worth about $67,310,000. Leo Wealth LLC bought a new stake in Affirm during the fourth quarter worth about $57,647,000. Vanguard Group Inc. grew its holdings in Affirm by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 19,506,902 shares of the company’s stock worth $958,569,000 after purchasing an additional 769,843 shares during the period. Baillie Gifford & Co. increased its stake in shares of Affirm by 4.2% during the first quarter. Baillie Gifford & Co. now owns 18,732,407 shares of the company’s stock valued at $697,969,000 after purchasing an additional 749,368 shares in the last quarter. Finally, RJA Asset Management LLC purchased a new position in shares of Affirm during the first quarter valued at approximately $14,808,000. Institutional investors own 69.29% of the company’s stock.

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.