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

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois sold 16,086 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $62.32, for a total transaction of $1,002,479.52. Following the completion of the transaction, the director now owns 93,694 shares in the company, valued at $5,839,010.08. The trade was a 14.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• 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 transaction of $1,109,612.28.

Affirm Stock Up 6.4 %

Shares of Affirm stock traded up $3.99 during midday trading on Friday, hitting $66.50. The company had a trading volume of 4,345,245 shares, compared to its average volume of 4,712,473. The company has a 50 day moving average of $60.85 and a 200 day moving average of $43.90. The stock has a market capitalization of $20.88 billion, a P/E ratio of -46.83 and a beta of 3.66. Affirm Holdings, Inc. has a 52-week low of $22.25 and a 52-week high of $73.34. The company has a debt-to-equity ratio of 2.50, a quick ratio of 12.60 and a current 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, beating the consensus estimate of ($0.36) by $0.05. The firm had revenue of $698.48 million during the quarter, compared to the consensus estimate of $661.39 million. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. During the same period last year, the company earned ($0.57) earnings per share. On average, equities analysts predict that Affirm Holdings, Inc. will post -0.53 earnings per share for the current fiscal year.

Institutional Trading of Affirm

A number of institutional investors and hedge funds have recently bought and sold shares of AFRM. ORG Wealth Partners LLC purchased a new stake in shares of Affirm during the third quarter valued at approximately $29,000. Allspring Global Investments Holdings LLC lifted its position in Affirm by 82.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock valued at $36,000 after acquiring an additional 540 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Affirm by 168.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock valued at $44,000 after purchasing an additional 671 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Affirm by 200.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock worth $45,000 after purchasing an additional 732 shares in the last quarter. Finally, Hanseatic Management Services Inc. bought a new stake in shares of Affirm in the 3rd quarter worth $65,000. 69.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AFRM has been the subject of a number of recent analyst reports. Susquehanna upped their price target on Affirm from $52.00 to $57.00 and gave the company a “positive” rating in a research report on Friday, November 8th. Wedbush raised Affirm from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $25.00 to $45.00 in a research note on Monday, October 14th. Citizens Jmp upgraded shares of Affirm from a “hold” rating to a “strong-buy” rating in a report on Friday, December 20th. Mizuho upped their price objective on shares of Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, November 19th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a research report on Friday, September 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.94.

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.