Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois Sells 16,088 Shares of Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois sold 16,088 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $45.41, for a total transaction of $730,556.08. Following the completion of the sale, the director now owns 45,432 shares of the company’s stock, valued at $2,063,067.12. This represents a 26.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, March 3rd, Keith Rabois sold 16,088 shares of Affirm stock. The stock was sold at an average price of $63.97, for a total value of $1,029,149.36.
• On Monday, February 3rd, Keith Rabois sold 16,086 shares of Affirm stock. The stock was sold at an average price of $60.12, for a total value of $967,090.32.

Affirm Price Performance

Shares of AFRM stock opened at $38.91 on Friday. The stock’s fifty day simple moving average is $58.89 and its 200 day simple moving average is $56.36. Affirm Holdings, Inc. has a one year low of $22.25 and a one year high of $82.53. The firm has a market cap of $12.38 billion, a price-to-earnings ratio of -59.86 and a beta of 3.63. The company has a debt-to-equity ratio of 2.68, a current ratio of 11.26 and a quick ratio of 11.26.

Affirm (NASDAQ:AFRM) last issued its earnings results on Thursday, February 6th. The company reported $0.23 EPS for the quarter, beating 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%. On average, analysts expect that Affirm Holdings, Inc. will post -0.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Affirm

Hedge funds and other institutional investors have recently bought and sold shares of the business. Itau Unibanco Holding S.A. acquired a new position in Affirm in the fourth quarter worth $28,000. Geneos Wealth Management Inc. raised its holdings in shares of 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 buying an additional 410 shares during the last quarter. R Squared Ltd acquired a new position in Affirm during the 4th quarter worth about $33,000. Coppell Advisory Solutions LLC bought a new stake in Affirm during the 4th quarter worth about $40,000. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in Affirm in the 4th quarter valued at about $43,000. 69.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Affirm from $70.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, February 7th. Deutsche Bank Aktiengesellschaft increased their target price on Affirm from $45.00 to $75.00 and gave the company a “hold” rating in a research note on Monday, December 16th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $69.00 price target on shares of Affirm in a research report on Thursday, March 20th. Needham & Company LLC reissued a “hold” rating on shares of Affirm in a research report on Friday, February 7th. Finally, Morgan Stanley boosted their target price on shares of Affirm from $39.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 28th. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $69.76.

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.