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

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois sold 16,088 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $63.97, for a total value of $1,029,149.36. Following the completion of the transaction, the director now directly owns 61,520 shares of the company’s stock, valued at approximately $3,935,434.40. This represents a 20.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• 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.
• On Thursday, January 2nd, Keith Rabois sold 16,086 shares of Affirm stock. The shares were sold at an average price of $62.32, for a total value of $1,002,479.52.
• On Thursday, December 12th, Keith Rabois sold 16,086 shares of Affirm stock. The stock was sold at an average price of $68.98, for a total value of $1,109,612.28.

Affirm Price Performance

AFRM stock traded down $4.85 during mid-day trading on Tuesday, reaching $57.01. 12,323,317 shares of the company traded hands, compared to its average volume of 7,908,065. The company has a fifty day moving average price of $64.26 and a 200-day moving average price of $54.67. Affirm Holdings, Inc. has a 52-week low of $22.25 and a 52-week high of $82.53. The company has a market capitalization of $18.13 billion, a P/E ratio of -87.71 and a beta of 3.66. The company has a debt-to-equity ratio of 2.68, a current ratio of 11.26 and a quick ratio of 11.26.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.23 EPS for the quarter, beating 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%. As a group, analysts anticipate that Affirm Holdings, Inc. will post -0.18 earnings per share for the current year.

Analysts Set New Price Targets

AFRM has been the subject of a number of research analyst reports. JMP Securities raised their price objective on shares of Affirm from $78.00 to $85.00 and gave the stock a “market outperform” rating in a report on Friday, February 7th. JPMorgan Chase & Co. raised their price target on shares of Affirm from $56.00 to $74.00 and gave the stock an “overweight” rating in a research note on Monday, December 2nd. Citizens Jmp raised shares of Affirm from a “hold” rating to a “strong-buy” rating in a report on Friday, December 20th. Bank of America increased their price objective on Affirm from $50.00 to $74.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, Jefferies Financial Group upgraded Affirm from a “hold” rating to a “buy” rating and boosted their target price for the company from $70.00 to $82.00 in a research note on Thursday, December 19th. Nine research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $70.24.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in AFRM. Itau Unibanco Holding S.A. purchased a new position in Affirm during the fourth quarter worth about $28,000. Geneos Wealth Management Inc. raised its stake in Affirm by 356.5% in the fourth 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 bought a new stake in Affirm during the fourth quarter valued at approximately $33,000. Coppell Advisory Solutions LLC purchased a new position in Affirm in the 4th quarter worth approximately $40,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Affirm in the 4th quarter worth approximately $43,000. 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.