Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois Sells 16,086 Shares

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois sold 16,086 shares of the stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $68.98, for a total transaction of $1,109,612.28. Following the sale, the director now owns 109,780 shares in the company, valued at approximately $7,572,624.40. This trade represents a 12.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Affirm Price Performance

Shares of AFRM traded up $1.93 during mid-day trading on Friday, hitting $70.70. The company’s stock had a trading volume of 8,337,283 shares, compared to its average volume of 8,994,410. The company has a debt-to-equity ratio of 2.50, a current ratio of 12.60 and a quick ratio of 12.60. The firm has a 50-day moving average price of $54.35 and a 200 day moving average price of $40.30. Affirm Holdings, Inc. has a fifty-two week low of $22.25 and a fifty-two week high of $72.82. The stock has a market capitalization of $22.20 billion, a price-to-earnings ratio of -48.89 and a beta of 3.66.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $661.39 million. During the same quarter in the prior year, the company earned ($0.57) earnings per share. On average, research analysts predict that Affirm Holdings, Inc. will post -0.53 EPS for the current fiscal year.

Analysts Set New Price Targets

AFRM has been the topic of a number of research reports. BTIG Research upgraded Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price target on the stock in a research report on Tuesday, October 8th. JPMorgan Chase & Co. raised their target price on Affirm from $56.00 to $74.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. Mizuho upped their price target on shares of Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 19th. Susquehanna lifted their price objective on shares of Affirm from $52.00 to $57.00 and gave the company a “positive” rating in a research report on Friday, November 8th. Finally, Wells Fargo & Company upped their target price on shares of Affirm from $52.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $55.33.

Institutional Trading of Affirm

A number of hedge funds have recently bought and sold shares of the company. Comerica Bank raised its stake in Affirm by 16.2% during the 1st quarter. Comerica Bank now owns 6,109 shares of the company’s stock valued at $228,000 after purchasing an additional 850 shares during the period. Cetera Advisors LLC grew its holdings in shares of Affirm by 38.4% during the first quarter. Cetera Advisors LLC now owns 7,231 shares of the company’s stock valued at $269,000 after buying an additional 2,005 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in Affirm by 15.5% during the second quarter. Sequoia Financial Advisors LLC now owns 10,159 shares of the company’s stock valued at $307,000 after buying an additional 1,367 shares during the period. ORG Partners LLC lifted its stake in Affirm by 80.0% in the 2nd quarter. ORG Partners LLC now owns 1,240 shares of the company’s stock worth $37,000 after acquiring an additional 551 shares in the last quarter. Finally, Raymond James & Associates grew its stake in Affirm by 40.1% during the 2nd quarter. Raymond James & Associates now owns 69,594 shares of the company’s stock valued at $2,102,000 after acquiring an additional 19,920 shares in the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.

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.