Libor Michalek Sells 100,821 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) President Libor Michalek sold 100,821 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $68.11, for a total transaction of $6,866,918.31. Following the completion of the sale, the president now owns 159,449 shares in the company, valued at approximately $10,860,071.39. The trade was a 38.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Libor Michalek also recently made the following trade(s):

• On Monday, November 25th, Libor Michalek sold 96,332 shares of Affirm stock. The shares were sold at an average price of $70.01, for a total transaction of $6,744,203.32.
• On Wednesday, November 20th, Libor Michalek sold 77,105 shares of Affirm stock. The shares were sold at an average price of $64.08, for a total transaction of $4,940,888.40.
• On Monday, November 18th, Libor Michalek sold 100,000 shares of Affirm stock. The shares were sold at an average price of $62.00, for a total transaction of $6,200,000.00.

Affirm Price Performance

Shares of NASDAQ AFRM opened at $68.37 on Thursday. The firm has a market capitalization of $21.47 billion, a P/E ratio of -48.15 and a beta of 3.47. The firm’s 50-day moving average price is $47.84 and its 200-day moving average price is $37.25. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50. Affirm Holdings, Inc. has a 1-year low of $22.25 and a 1-year high of $70.20.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.05. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. The business had revenue of $698.48 million for the quarter, compared to the consensus estimate of $661.39 million. During the same period in the prior year, the business earned ($0.57) EPS. Equities research analysts anticipate that Affirm Holdings, Inc. will post -0.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Affirm

A number of hedge funds have recently added to or reduced their stakes in AFRM. Ridgewood Investments LLC acquired a new stake in Affirm in the second quarter valued at approximately $27,000. ORG Wealth Partners LLC acquired a new stake in Affirm in the third quarter valued at approximately $29,000. Allspring Global Investments Holdings LLC grew its stake in Affirm by 82.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock valued at $36,000 after acquiring an additional 540 shares during the period. ORG Partners LLC grew its stake in Affirm by 80.0% in 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. lifted its holdings in shares of 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 purchasing an additional 671 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Analyst Ratings Changes

AFRM has been the topic of a number of research reports. Susquehanna boosted their target price on shares of Affirm from $52.00 to $57.00 and gave the stock a “positive” rating in a report on Friday, November 8th. JPMorgan Chase & Co. boosted their price objective on shares of Affirm from $47.00 to $56.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $46.00 target price on shares of Affirm in a research report on Friday, October 4th. Mizuho upped their price target on Affirm from $65.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, November 19th. Finally, Needham & Company LLC restated a “hold” rating on shares of Affirm in a research report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $51.13.

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.