Affirm Holdings, Inc. (NASDAQ:AFRM) Director Sells $1,029,149.36 in Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) Director Keith Rabois sold 16,088 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $63.97, for a total transaction of $1,029,149.36. Following the sale, the director now owns 61,520 shares in the company, valued at $3,935,434.40. The trade was a 20.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 transaction of $967,090.32.
• On Thursday, January 2nd, Keith Rabois sold 16,086 shares of Affirm stock. The stock was 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 Up 2.9 %

Shares of NASDAQ AFRM opened at $58.65 on Thursday. The company has a 50 day simple moving average of $63.94 and a 200 day simple moving average of $54.89. The firm has a market cap of $18.65 billion, a PE ratio of -90.23 and a beta of 3.66. Affirm Holdings, Inc. has a 1 year low of $22.25 and a 1 year high of $82.53. 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 released its quarterly earnings results on Thursday, February 6th. The company reported $0.23 earnings per share (EPS) 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%. On average, research analysts forecast that Affirm Holdings, Inc. will post -0.18 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on AFRM. Citizens Jmp upgraded shares of Affirm from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 20th. Mizuho raised their price target on shares of Affirm from $65.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Affirm from $45.00 to $75.00 and gave the company a “hold” rating in a research note on Monday, December 16th. UBS Group raised their price target on shares of Affirm from $46.00 to $62.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Finally, Needham & Company LLC restated a “hold” rating on shares of Affirm in a research note on Friday, February 7th. Nine research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $70.24.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. bought a new position in Affirm during the 3rd quarter worth approximately $1,419,000. Quest Partners LLC bought a new position in Affirm during the 3rd quarter worth approximately $391,000. International Assets Investment Management LLC bought a new position in Affirm during the 3rd quarter worth approximately $731,000. Entropy Technologies LP bought a new stake in shares of Affirm in the 3rd quarter valued at $464,000. Finally, Nordea Investment Management AB bought a new stake in shares of Affirm in the 4th quarter valued at $6,380,000. Institutional investors own 69.29% of the company’s stock.

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.