Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Sells $407,373.48 in Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Robert O’hare sold 6,541 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $62.28, for a total transaction of $407,373.48. Following the completion of the transaction, the chief financial officer now owns 2,963 shares of the company’s stock, valued at $184,535.64. This trade represents a 68.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Robert O’hare also recently made the following trade(s):

• On Monday, December 2nd, Robert O’hare sold 13,965 shares of Affirm stock. The stock was sold at an average price of $68.57, for a total value of $957,580.05.
• On Monday, November 25th, Robert O’hare sold 79,039 shares of Affirm stock. The shares were sold at an average price of $70.01, for a total value of $5,533,520.39.
• On Friday, November 22nd, Robert O’hare sold 11,218 shares of Affirm stock. The stock was sold at an average price of $70.00, for a total value of $785,260.00.
• On Monday, November 11th, Robert O’hare sold 100,938 shares of Affirm stock. The stock was sold at an average price of $55.00, for a total transaction of $5,551,590.00.

Affirm Stock Up 6.4 %

Shares of NASDAQ AFRM opened at $66.50 on Monday. The firm has a fifty day simple moving average of $61.37 and a two-hundred day simple moving average of $44.34. Affirm Holdings, Inc. has a 12 month low of $22.25 and a 12 month high of $73.34. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50. The firm has a market capitalization of $20.88 billion, a PE ratio of -46.83 and a beta of 3.66.

Affirm (NASDAQ:AFRM) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) EPS for the quarter, topping 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 business had revenue of $698.48 million during the quarter, compared to analyst estimates of $661.39 million. During the same period last year, the business posted ($0.57) earnings per share. Equities analysts expect that Affirm Holdings, Inc. will post -0.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

AFRM has been the topic of a number of analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $46.00 target price on shares of Affirm in a research report on Friday, October 4th. Bank of America lifted their price objective on Affirm from $50.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Morgan Stanley upgraded Affirm from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $22.00 to $37.00 in a report on Wednesday, October 9th. Mizuho lifted their price target on Affirm from $65.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 19th. Finally, JPMorgan Chase & Co. increased their price objective on Affirm from $56.00 to $74.00 and gave the company an “overweight” rating in a research note on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Affirm presently has an average rating of “Moderate Buy” and a consensus target price of $60.94.

Institutional Investors Weigh In On Affirm

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. KBC Group NV lifted its position in Affirm by 3.6% during the third quarter. KBC Group NV now owns 6,331 shares of the company’s stock valued at $258,000 after buying an additional 222 shares during the period. CIBC Asset Management Inc lifted its position in Affirm by 3.2% during 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 during the period. Allspring Global Investments Holdings LLC boosted its stake in Affirm by 82.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock worth $36,000 after acquiring an additional 540 shares in the last quarter. Versant Capital Management Inc grew its holdings in Affirm by 20.8% in the fourth quarter. Versant Capital Management Inc now owns 3,405 shares of the company’s stock worth $207,000 after purchasing an additional 586 shares during the period. Finally, Myecfo LLC boosted its position in shares of Affirm by 5.0% in the 3rd quarter. Myecfo LLC now owns 12,260 shares of the company’s stock worth $500,000 after purchasing an additional 589 shares in the last quarter. 69.29% of the stock is 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.