Affirm Holdings, Inc. (NASDAQ:AFRM) Director Sells $400,000.00 in Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Christa S. Quarles sold 5,000 shares of Affirm stock in a transaction on Friday, February 14th. The stock was sold at an average price of $80.00, for a total transaction of $400,000.00. Following the transaction, the director now owns 137,325 shares in the company, valued at approximately $10,986,000. This trade represents a 3.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Affirm Trading Down 8.1 %

NASDAQ:AFRM opened at $68.55 on Friday. The company has a debt-to-equity ratio of 2.68, a current ratio of 11.26 and a quick ratio of 11.26. The firm has a 50-day moving average of $64.62 and a 200-day moving average of $52.68. The company has a market cap of $21.80 billion, a PE ratio of -105.46 and a beta of 3.66. Affirm Holdings, Inc. has a one year low of $22.25 and a one year high of $82.53.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.44. Affirm had a negative net margin of 7.10% and a negative return on equity of 7.25%. As a group, equities research analysts expect that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Bank of America boosted their target price on shares of Affirm from $50.00 to $74.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Royal Bank of Canada boosted their target price on shares of Affirm from $67.00 to $81.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. William Blair assumed coverage on shares of Affirm in a report on Wednesday, January 15th. They issued an “outperform” rating on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Affirm from $45.00 to $75.00 and gave the company a “hold” rating in a report on Monday, December 16th. Finally, Compass Point upgraded shares of Affirm from a “sell” rating to a “neutral” rating and boosted their target price for the company from $20.00 to $61.00 in a report on Tuesday, January 28th. Nine equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Affirm has a consensus rating of “Moderate Buy” and a consensus target price of $70.24.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AFRM. Itau Unibanco Holding S.A. purchased a new position in Affirm in the fourth quarter valued at about $28,000. Geneos Wealth Management Inc. boosted its stake in Affirm by 356.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 525 shares of the company’s stock valued at $32,000 after acquiring an additional 410 shares during the last quarter. R Squared Ltd purchased a new position in Affirm in the fourth quarter valued at about $33,000. Coppell Advisory Solutions LLC purchased a new position in Affirm in the fourth quarter valued at about $40,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in Affirm in the fourth quarter valued at about $43,000. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

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.