Affirm Holdings, Inc. (NASDAQ:AFRM) President Libor Michalek Sells 96,332 Shares

Affirm Holdings, Inc. (NASDAQ:AFRM) President Libor Michalek sold 96,332 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $70.01, for a total value of $6,744,203.32. Following the completion of the transaction, the president now owns 159,449 shares in the company, valued at $11,163,024.49. This trade represents a 37.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, November 22nd, Libor Michalek sold 100,821 shares of Affirm stock. The stock was sold at an average price of $68.11, for a total value of $6,866,918.31.
• On Wednesday, November 20th, Libor Michalek sold 77,105 shares of Affirm stock. The stock was 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 value of $6,200,000.00.

Affirm Stock Performance

AFRM opened at $66.27 on Wednesday. The business’s 50-day moving average price is $47.39 and its two-hundred day moving average price is $37.01. Affirm Holdings, Inc. has a 1 year low of $22.25 and a 1 year high of $70.20. The company has a market capitalization of $20.81 billion, a price-to-earnings 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 (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.36) by $0.05. Affirm had a negative return on equity of 12.57% and a negative net margin of 17.67%. The firm had revenue of $698.48 million for the quarter, compared to the consensus estimate of $661.39 million. During the same quarter last year, the business posted ($0.57) EPS. Equities analysts expect that Affirm Holdings, Inc. will post -0.53 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on AFRM shares. Needham & Company LLC reiterated a “hold” rating on shares of Affirm in a research report on Friday, September 6th. Wells Fargo & Company raised their price target on Affirm from $52.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Barclays raised their price target on Affirm from $64.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday. Susquehanna raised their price target on Affirm from $52.00 to $57.00 and gave the stock a “positive” rating in a research report on Friday, November 8th. Finally, Wedbush upgraded Affirm from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $25.00 to $45.00 in a research report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Affirm presently has a consensus rating of “Hold” and an average target price of $51.13.

Institutional Trading of Affirm

Hedge funds and other institutional investors have recently modified their holdings of the company. ORG Wealth Partners LLC acquired a new stake in shares of Affirm in the 3rd quarter valued at about $29,000. Ridgewood Investments LLC bought a new position in shares of Affirm in the 2nd quarter valued at about $27,000. Advisors Asset Management Inc. raised its holdings in Affirm by 168.2% during the third quarter. Advisors Asset Management Inc. now owns 1,070 shares of the company’s stock worth $44,000 after acquiring an additional 671 shares in the last quarter. Venturi Wealth Management LLC boosted its position in Affirm by 200.5% during the third quarter. Venturi Wealth Management LLC now owns 1,097 shares of the company’s stock valued at $45,000 after purchasing an additional 732 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Affirm by 82.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,195 shares of the company’s stock valued at $36,000 after purchasing an additional 540 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

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.