Affirm Holdings, Inc. (NASDAQ:AFRM) Insider Sells $11,010,000.00 in Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) insider Katherine Adkins sold 200,000 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $55.05, for a total value of $11,010,000.00. Following the completion of the sale, the insider now directly owns 93,545 shares of the company’s stock, valued at $5,149,652.25. This represents a 68.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Katherine Adkins also recently made the following trade(s):

• On Wednesday, September 18th, Katherine Adkins sold 82,316 shares of Affirm stock. The stock was sold at an average price of $45.00, for a total value of $3,704,220.00.
• On Monday, September 16th, Katherine Adkins sold 6,084 shares of Affirm stock. The stock was sold at an average price of $45.00, for a total transaction of $273,780.00.

Affirm Price Performance

Affirm stock opened at $56.15 on Friday. Affirm Holdings, Inc. has a 12-month low of $22.25 and a 12-month high of $59.27. The firm’s 50-day moving average is $44.49 and its two-hundred day moving average is $35.66. The stock has a market capitalization of $17.47 billion, a P/E ratio of -39.54 and a beta of 3.47. The company has a debt-to-equity ratio of 2.50, a current ratio of 12.60 and a quick ratio of 12.60.

Affirm (NASDAQ:AFRM) last issued 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 company had revenue of $698.48 million for the quarter, compared to analyst estimates of $661.39 million. During the same quarter in the prior year, the company posted ($0.57) EPS. Equities analysts predict that Affirm Holdings, Inc. will post -0.6 earnings per share for the current year.

Institutional Trading of Affirm

A number of hedge funds have recently added to or reduced their stakes in the business. Y Intercept Hong Kong Ltd acquired a new position in shares of Affirm during the 3rd quarter valued at about $1,618,000. Main Management ETF Advisors LLC purchased a new stake in Affirm in the third quarter valued at approximately $2,629,000. XTX Topco Ltd increased its position in Affirm by 25.5% during the third quarter. XTX Topco Ltd now owns 54,032 shares of the company’s stock worth $2,206,000 after purchasing an additional 10,970 shares during the last quarter. National Bank of Canada FI raised its stake in Affirm by 127.3% during the third quarter. National Bank of Canada FI now owns 4,410 shares of the company’s stock worth $180,000 after purchasing an additional 2,470 shares during the period. Finally, Worldquant Millennium Advisors LLC acquired a new position in shares of Affirm in the 3rd quarter valued at $2,106,000. 69.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on AFRM. Wells Fargo & Company raised their price objective on shares of Affirm from $52.00 to $55.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Needham & Company LLC reissued a “hold” rating on shares of Affirm in a research note on Friday, September 6th. Susquehanna raised their price objective on Affirm from $52.00 to $57.00 and gave the company a “positive” rating in a research note on Friday, November 8th. The Goldman Sachs Group boosted their target price on Affirm from $46.00 to $54.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Finally, BTIG Research upgraded Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price target for the company in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Affirm has a consensus rating of “Hold” and a consensus target price of $46.03.

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.