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 Affirm stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $32.12, for a total value of $297,945.12. Following the sale, the director now directly owns 60,000 shares in the company, valued at $1,927,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 value of $319,001.64.

Affirm Stock Up 1.4 %

Shares of NASDAQ:AFRM opened at $34.93 on Monday. The company has a debt-to-equity ratio of 2.35, a current ratio of 11.49 and a quick ratio of 11.49. The stock has a market cap of $10.72 billion, a price-to-earnings ratio of -14.03 and a beta of 3.56. The company has a 50 day moving average of $34.83 and a 200-day moving average of $35.72. Affirm Holdings, Inc. has a one year low of $8.80 and a one year high of $52.48.

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

Wall Street Analyst Weigh In

AFRM has been the topic of a number of analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a research report on Tuesday, April 23rd. Royal Bank of Canada increased 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. The Goldman Sachs Group lifted their price target on shares of Affirm from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, February 9th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Affirm in a report on Tuesday, April 23rd. Finally, Wedbush reaffirmed an “underperform” rating and set a $20.00 price target on shares of Affirm in a report on Friday, February 9th. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $27.86.

Institutional Investors Weigh In On Affirm

Institutional investors have recently made changes to their positions in the stock. Creative Financial Designs Inc. ADV lifted its stake in Affirm by 82.2% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 665 shares of the company’s stock valued at $33,000 after buying an additional 300 shares during the period. Global Wealth Strategies & Associates increased its stake in shares of Affirm by 94.0% in the 1st quarter. Global Wealth Strategies & Associates now owns 970 shares of the company’s stock valued at $36,000 after acquiring an additional 470 shares during the last quarter. Treasurer of the State of North Carolina increased its stake in shares of Affirm by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 95,536 shares of the company’s stock valued at $2,032,000 after acquiring an additional 480 shares during the last quarter. Planned Solutions Inc. acquired a new stake in shares of Affirm in the 4th quarter valued at approximately $25,000. Finally, Signaturefd LLC boosted its stake in Affirm by 9.0% during the 3rd quarter. Signaturefd LLC now owns 6,382 shares of the company’s stock worth $136,000 after acquiring an additional 528 shares during the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

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.