Libor Michalek Sells 100,821 Shares of Affirm Holdings, Inc. (NASDAQ:AFRM) Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) President Libor Michalek sold 100,821 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $68.11, for a total value of $6,866,918.31. Following the completion of the sale, the president now owns 159,449 shares of the company’s stock, valued at $10,860,071.39. This trade represents a 38.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Libor Michalek also recently made the following trade(s):

• On Monday, November 25th, Libor Michalek sold 96,332 shares of Affirm stock. The stock was sold at an average price of $70.01, for a total value of $6,744,203.32.
• On Wednesday, November 20th, Libor Michalek sold 77,105 shares of Affirm stock. The shares were sold at an average price of $64.08, for a total value of $4,940,888.40.
• On Monday, November 18th, Libor Michalek sold 100,000 shares of Affirm stock. The stock was sold at an average price of $62.00, for a total transaction of $6,200,000.00.

Affirm Trading Down 4.4 %

Shares of AFRM traded down $3.08 during midday trading on Tuesday, hitting $66.27. The stock had a trading volume of 8,831,123 shares, compared to its average volume of 9,098,162. The stock’s 50 day moving average is $47.39 and its 200 day moving average is $37.01. The firm has a market cap of $20.81 billion, a PE ratio of -46.67 and a beta of 3.47. The company has a debt-to-equity ratio of 2.50, a current ratio of 12.60 and a quick ratio of 12.60. Affirm Holdings, Inc. has a 1 year low of $22.25 and a 1 year high of $70.20.

Affirm (NASDAQ:AFRM) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.31) earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $698.48 million for the quarter, compared to analyst estimates of $661.39 million. During the same period in the prior year, the company posted ($0.57) EPS. As a group, analysts forecast that Affirm Holdings, Inc. will post -0.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Affirm

Several hedge funds have recently bought and sold shares of AFRM. Bank of Montreal Can lifted its position in shares of Affirm by 2,305.3% during the second quarter. Bank of Montreal Can now owns 195,936 shares of the company’s stock worth $6,466,000 after purchasing an additional 187,790 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in Affirm during the 3rd quarter valued at about $1,419,000. International Assets Investment Management LLC bought a new stake in Affirm during the 3rd quarter valued at about $731,000. Entropy Technologies LP purchased a new stake in Affirm in the 3rd quarter valued at about $464,000. Finally, Quest Partners LLC purchased a new position in shares of Affirm during the third quarter worth approximately $391,000. Institutional investors own 69.29% of the company’s stock.

Analyst Upgrades and Downgrades

AFRM has been the subject of a number of analyst reports. The Goldman Sachs Group increased their price objective on shares of Affirm from $46.00 to $54.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. BTIG Research raised Affirm from a “neutral” rating to a “buy” rating and set a $68.00 price target on the stock in a report on Tuesday, October 8th. Needham & Company LLC restated a “hold” rating on shares of Affirm in a research report on Friday, September 6th. Barclays lifted their target price on Affirm from $64.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Mizuho upped 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $51.13.

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.