Insider Selling: Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Sells 6,541 Shares of Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Robert O’hare sold 6,541 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $62.28, for a total transaction of $407,373.48. Following the completion of the transaction, the chief financial officer now owns 2,963 shares in the company, valued at approximately $184,535.64. The trade was a 68.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Robert O’hare also recently made the following trade(s):

• On Monday, December 2nd, Robert O’hare sold 13,965 shares of Affirm stock. The stock was sold at an average price of $68.57, for a total transaction of $957,580.05.
• On Monday, November 25th, Robert O’hare sold 79,039 shares of Affirm stock. The shares were sold at an average price of $70.01, for a total transaction of $5,533,520.39.
• On Friday, November 22nd, Robert O’hare sold 11,218 shares of Affirm stock. The shares were sold at an average price of $70.00, for a total value of $785,260.00.
• On Monday, November 11th, Robert O’hare sold 100,938 shares of Affirm stock. The stock was sold at an average price of $55.00, for a total value of $5,551,590.00.

Affirm Stock Up 6.4 %

AFRM stock opened at $66.50 on Monday. The business’s 50-day moving average price is $61.37 and its 200-day moving average price is $44.34. The stock has a market cap of $20.88 billion, a P/E ratio of -46.83 and a beta of 3.66. Affirm Holdings, Inc. has a twelve month low of $22.25 and a twelve month high of $73.34. The company has a quick ratio of 12.60, a current ratio of 12.60 and a debt-to-equity ratio of 2.50.

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. The business had revenue of $698.48 million during the quarter, compared to analyst estimates of $661.39 million. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.57%. During the same period in the prior year, the business posted ($0.57) earnings per share. On average, equities research analysts forecast that Affirm Holdings, Inc. will post -0.53 EPS for the current year.

Analysts Set New Price Targets

AFRM has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on Affirm from $45.00 to $75.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Citizens Jmp upgraded shares of Affirm from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 20th. Bank of America increased their price objective on shares of Affirm from $50.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. lifted their target price on shares of Affirm from $56.00 to $74.00 and gave the stock an “overweight” rating in a research report on Monday, December 2nd. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $46.00 price target on shares of Affirm in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, six have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Affirm presently has a consensus rating of “Moderate Buy” and an average price target of $60.94.

Institutional Investors Weigh In On Affirm

A number of institutional investors have recently bought and sold shares of the business. Bank of Montreal Can boosted its stake in shares of Affirm by 2,305.3% in the second quarter. Bank of Montreal Can now owns 195,936 shares of the company’s stock worth $6,466,000 after acquiring an additional 187,790 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in Affirm during the 3rd quarter valued at approximately $1,419,000. Quest Partners LLC bought a new stake in shares of Affirm during the third quarter valued at approximately $391,000. International Assets Investment Management LLC purchased a new position in shares of Affirm in the third quarter worth $731,000. Finally, Entropy Technologies LP bought a new position in shares of Affirm during the third quarter worth $464,000. Hedge funds and other 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.