Insider Selling: Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Sells $5,551,590.00 in Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Robert O’hare sold 100,938 shares of Affirm stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $55.00, for a total value of $5,551,590.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Affirm Stock Performance

NASDAQ AFRM opened at $56.15 on Friday. Affirm Holdings, Inc. has a 1-year low of $22.25 and a 1-year high of $59.27. The company has a 50 day moving average of $44.49 and a 200-day moving average of $35.66. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50. The firm has a market cap of $17.47 billion, a price-to-earnings ratio of -39.54 and a beta of 3.47.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.36) by $0.05. The firm had revenue of $698.48 million during the quarter, compared to the consensus estimate of $661.39 million. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. During the same quarter in the previous year, the company posted ($0.57) EPS. On average, equities analysts forecast that Affirm Holdings, Inc. will post -0.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Bank of America boosted their target price on shares of Affirm from $36.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Morgan Stanley upgraded shares of Affirm from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $22.00 to $37.00 in a research note on Wednesday, October 9th. Mizuho restated an “outperform” rating and set a $65.00 price target on shares of Affirm in a research note on Tuesday, August 27th. BTIG Research upgraded Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Tuesday, October 8th. Finally, Barclays boosted their price objective on Affirm from $50.00 to $54.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $46.03.

Institutional Investors Weigh In On Affirm

Hedge funds have recently added to or reduced their stakes in the stock. Ridgewood Investments LLC bought a new stake in shares of Affirm during the second quarter valued at approximately $27,000. ORG Wealth Partners LLC acquired a new stake in shares of Affirm in the 3rd quarter valued at $29,000. Allspring Global Investments Holdings LLC raised its position in shares of Affirm by 82.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock worth $36,000 after acquiring an additional 540 shares during the last quarter. ORG Partners LLC lifted its stake in shares of Affirm by 80.0% during the second quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock valued at $37,000 after acquiring an additional 551 shares during the period. Finally, Advisors Asset Management Inc. boosted its holdings in Affirm by 168.2% in the third quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock valued at $44,000 after acquiring an additional 671 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.

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.