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

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois sold 16,086 shares of Affirm stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $60.12, for a total transaction of $967,090.32. Following the sale, the director now directly owns 77,608 shares in the company, valued at $4,665,792.96. This trade represents a 17.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, January 2nd, Keith Rabois sold 16,086 shares of Affirm stock. The shares were sold at an average price of $62.32, for a total transaction of $1,002,479.52.
• 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 Down 0.6 %

Shares of NASDAQ:AFRM opened at $59.53 on Wednesday. The company has a market capitalization of $18.70 billion, a price-to-earnings ratio of -41.92 and a beta of 3.66. The business’s 50-day moving average is $63.23 and its 200-day moving average is $48.67. 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 Holdings, Inc. has a 1 year low of $22.25 and a 1 year high of $73.34.

Affirm (NASDAQ:AFRM) last posted 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. Affirm had a negative net margin of 17.67% and a negative return on equity of 12.57%. The firm had revenue of $698.48 million during the quarter, compared to the consensus estimate of $661.39 million. During the same period in the previous year, the firm posted ($0.57) earnings per share. Equities research analysts predict that Affirm Holdings, Inc. will post -0.62 earnings per share for the current year.

Institutional Investors Weigh In On Affirm

Several hedge funds and other institutional investors have recently modified their holdings of the company. Hanseatic Management Services Inc. grew its position in Affirm by 12.1% in the 4th quarter. Hanseatic Management Services Inc. now owns 1,797 shares of the company’s stock valued at $109,000 after purchasing an additional 194 shares during the period. KBC Group NV raised its holdings in shares of Affirm by 3.6% in the 3rd quarter. KBC Group NV now owns 6,331 shares of the company’s stock worth $258,000 after acquiring an additional 222 shares during the last quarter. CIBC Asset Management Inc lifted its position in Affirm by 3.2% in the 3rd quarter. CIBC Asset Management Inc now owns 7,520 shares of the company’s stock valued at $307,000 after acquiring an additional 233 shares in the last quarter. Venturi Wealth Management LLC boosted its position in shares of Affirm by 29.6% during the fourth quarter. Venturi Wealth Management LLC now owns 1,422 shares of the company’s stock valued at $87,000 after buying an additional 325 shares during the last quarter. Finally, Waldron Private Wealth LLC boosted its holdings in Affirm by 7.0% during the 4th quarter. Waldron Private Wealth LLC now owns 5,479 shares of the company’s stock worth $334,000 after acquiring an additional 357 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. BTIG Research upgraded Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price objective on the stock in a research report on Tuesday, October 8th. Wedbush upgraded Affirm from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $25.00 to $45.00 in a report on Monday, October 14th. Bank of America upped their price objective on Affirm from $50.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. William Blair initiated coverage on shares of Affirm in a research report on Wednesday, January 15th. They set an “outperform” rating on the stock. Finally, The Goldman Sachs Group upped their price target on shares of Affirm from $57.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Affirm presently has an average rating of “Moderate Buy” and a consensus price target of $62.88.

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.