Insider Selling: Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Sells 6,541 Shares of Stock

Affirm Holdings, Inc. (NASDAQ:AFRM) CFO Robert O’hare sold 6,541 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $62.28, for a total value of $407,373.48. Following the transaction, the chief financial officer now directly owns 2,963 shares in the company, valued at $184,535.64. The trade was a 68.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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 shares were 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 stock was 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 shares were sold at an average price of $70.00, for a total transaction 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 Price Performance

AFRM traded up $3.99 during trading on Friday, hitting $66.50. 4,345,245 shares of the company traded hands, compared to its average volume of 4,712,473. The company has a market cap of $20.88 billion, a PE ratio of -46.83 and a beta of 3.66. The stock’s 50-day simple moving average is $60.85 and its two-hundred day simple moving average is $43.90. The company has a current ratio of 12.60, a quick ratio of 12.60 and a debt-to-equity ratio of 2.50. Affirm Holdings, Inc. has a 1 year low of $22.25 and a 1 year high of $73.34.

Affirm (NASDAQ:AFRM) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.31) earnings per share 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 business had revenue of $698.48 million during the quarter, compared to analysts’ expectations of $661.39 million. During the same quarter last year, the business posted ($0.57) EPS. As a group, sell-side analysts anticipate that Affirm Holdings, Inc. will post -0.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AFRM shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of Affirm from $45.00 to $75.00 and gave the stock a “hold” rating in a research report on Monday, December 16th. Needham & Company LLC reaffirmed a “hold” rating on shares of Affirm in a report on Friday, September 6th. Wells Fargo & Company boosted their price target on Affirm from $52.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $46.00 price objective on shares of Affirm in a research note on Friday, October 4th. Finally, The Goldman Sachs Group boosted their price objective on Affirm from $57.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $60.94.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AFRM. Spyglass Capital Management LLC lifted its position in Affirm by 9.3% during the third quarter. Spyglass Capital Management LLC now owns 2,348,095 shares of the company’s stock valued at $95,849,000 after purchasing an additional 200,449 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Affirm by 44.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,203,210 shares of the company’s stock valued at $89,935,000 after acquiring an additional 672,883 shares during the last quarter. Dragoneer Investment Group LLC purchased a new position in Affirm in the second quarter worth about $45,219,000. Bank of New York Mellon Corp increased its stake in Affirm by 25.6% during the second quarter. Bank of New York Mellon Corp now owns 866,946 shares of the company’s stock worth $26,190,000 after acquiring an additional 176,675 shares during the last quarter. Finally, Artemis Investment Management LLP purchased a new stake in Affirm during the third quarter valued at approximately $30,808,000. 69.29% of the stock is owned by hedge funds and other institutional investors.

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.