Robert O’hare Sells 36,401 Shares of Affirm (NASDAQ:AFRM) Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Robert O’hare sold 36,401 shares of the business’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $80.00, for a total transaction of $2,912,080.00. Following the completion of the sale, the chief financial officer directly owned 1,368 shares in the company, valued at approximately $109,440. This represents a 96.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Robert O’hare also recently made the following trade(s):

• On Wednesday, December 3rd, Robert O’hare sold 8,189 shares of Affirm stock. The shares were sold at an average price of $70.00, for a total transaction of $573,230.00.

Affirm Trading Down 1.7%

Shares of NASDAQ:AFRM opened at $81.61 on Friday. The company’s 50-day moving average price is $72.08 and its two-hundred day moving average price is $73.97. Affirm Holdings, Inc. has a one year low of $30.90 and a one year high of $100.00. The company has a debt-to-equity ratio of 2.40, a current ratio of 12.80 and a quick ratio of 12.80. The stock has a market capitalization of $26.94 billion, a PE ratio of 121.81, a price-to-earnings-growth ratio of 3.77 and a beta of 3.57.

Affirm (NASDAQ:AFRM) last released its earnings results on Thursday, November 6th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.12. Affirm had a return on equity of 7.75% and a net margin of 6.74%.The business had revenue of $933.34 million for the quarter, compared to the consensus estimate of $881.83 million. During the same quarter in the previous year, the business earned ($0.31) earnings per share. Affirm’s quarterly revenue was up 33.6% on a year-over-year basis. On average, equities analysts forecast that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Affirm

Institutional investors have recently made changes to their positions in the company. Gateway Investment Advisers LLC acquired a new position in Affirm in the 3rd quarter worth about $1,315,000. Norges Bank bought a new stake in shares of Affirm during the second quarter worth about $183,475,000. Aspire Capital Advisors LLC bought a new stake in shares of Affirm during the second quarter worth about $310,000. Truist Financial Corp increased its stake in shares of Affirm by 236.6% in the second quarter. Truist Financial Corp now owns 60,725 shares of the company’s stock valued at $4,199,000 after buying an additional 42,686 shares during the period. Finally, GraniteShares Advisors LLC bought a new position in Affirm in the 2nd quarter valued at approximately $554,000. Institutional investors own 69.29% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on AFRM. Morgan Stanley decreased their target price on shares of Affirm from $90.00 to $83.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. TD Cowen dropped their price target on shares of Affirm from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Thursday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Affirm in a research note on Monday, December 29th. Cowen restated a “buy” rating on shares of Affirm in a research note on Thursday. Finally, Wells Fargo & Company initiated coverage on shares of Affirm in a report on Tuesday, October 21st. They issued an “overweight” rating and a $89.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, Affirm presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.17.

Affirm Company Profile

Affirm Holdings, Inc is a financial technology company that provides point-of-sale consumer lending and payments solutions for online and in-store purchases. Its core product is a buy-now-pay-later (BNPL) platform that enables consumers to split purchases into fixed, transparent installment loans with no hidden fees. Affirm offers a range of financing options through merchant integrations, a consumer-facing mobile app and virtual card capabilities, and tools for merchants to offer alternative payment methods at checkout.