Affirm Holdings, Inc. (NASDAQ:AFRM) Insider Sells $273,780.00 in Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) insider Katherine Adkins sold 6,084 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $45.00, for a total transaction of $273,780.00. Following the transaction, the insider now directly owns 122,069 shares in the company, valued at $5,493,105. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Katherine Adkins also recently made the following trade(s):

• On Wednesday, September 18th, Katherine Adkins sold 82,316 shares of Affirm stock. The stock was sold at an average price of $45.00, for a total transaction of $3,704,220.00.

Affirm Stock Down 0.1 %

NASDAQ:AFRM opened at $44.93 on Friday. Affirm Holdings, Inc. has a 52 week low of $15.97 and a 52 week high of $52.48. The stock’s fifty day moving average is $32.71 and its two-hundred day moving average is $32.69. The stock has a market capitalization of $13.89 billion, a price-to-earnings ratio of -20.15 and a beta of 3.51. The company has a quick ratio of 13.07, a current ratio of 13.07 and a debt-to-equity ratio of 2.41.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a report on Friday, September 6th. Bank of America boosted their price target on Affirm from $36.00 to $42.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Wedbush raised their price objective on Affirm from $20.00 to $25.00 and gave the company an “underperform” rating in a report on Thursday, August 29th. Mizuho reaffirmed an “outperform” rating and set a $65.00 target price on shares of Affirm in a report on Tuesday, August 27th. Finally, BTIG Research assumed coverage on shares of Affirm in a research report on Friday, June 7th. They issued a “neutral” rating for the company. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $35.31.

Hedge Funds Weigh In On Affirm

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Affirm by 6.8% during the first quarter. Vanguard Group Inc. now owns 20,823,803 shares of the company’s stock worth $775,895,000 after purchasing an additional 1,316,901 shares during the period. Capital World Investors increased its stake in Affirm by 0.4% during the 1st quarter. Capital World Investors now owns 19,079,071 shares of the company’s stock worth $710,886,000 after buying an additional 77,050 shares during the period. Baillie Gifford & Co. lifted its holdings in Affirm by 4.2% during the 1st quarter. Baillie Gifford & Co. now owns 18,732,407 shares of the company’s stock worth $697,969,000 after buying an additional 749,368 shares in the last quarter. Dragoneer Investment Group LLC purchased a new position in Affirm in the 2nd quarter valued at approximately $45,219,000. Finally, Norges Bank acquired a new stake in shares of Affirm in the fourth quarter valued at $67,310,000. Institutional investors and hedge funds 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.